Median Earnings (1yr)
$26,870
62nd percentile (40th in MN)
Median Debt
$25,000
1% below national median
Debt-to-Earnings
0.93
Manageable
Sample Size
35
Adequate data

Analysis

St. Olaf's fine arts program illustrates the fundamental challenge of art degrees at private colleges: you're paying premium tuition for outcomes that trail what you could get at public universities in the same state. First-year earnings of $26,870 sit below Minnesota's state median for art programs ($28,428) and well behind what Minnesota State-Mankato ($38,717) and several other public schools deliver. That 40th percentile state ranking means six out of ten Minnesota art programs produce higher earnings—including several that cost substantially less.

The $25,000 median debt keeps things from being dire, translating to about $280 monthly in loan payments that will consume roughly 13% of gross income. That's manageable compared to many art programs, though it's worth noting that St. Olaf's sticker price means families who don't qualify for significant aid face much steeper borrowing. The earnings do exceed the national median for studio arts graduates by about $2,000, but that's cold comfort when you're competing locally against grads from state schools who earn more and likely borrowed less.

For a family considering St. Olaf specifically for its arts program rather than its overall liberal arts experience, this is a tough sell. If your child is Minnesota-bound regardless, the public university options deliver measurably better financial outcomes. St. Olaf makes sense only if the distinctive campus culture and smaller program size justify accepting lower earnings than you'd get elsewhere in-state.

Where St Olaf College Stands

Earnings vs. debt across all fine and studio arts bachelors's programs nationally

St Olaf CollegeOther fine and studio arts programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How St Olaf College graduates compare to all programs nationally

St Olaf College graduates earn $27k, placing them in the 62th percentile of all fine and studio arts bachelors programs nationally.

Compare to Similar Programs in Minnesota

Fine and Studio Arts bachelors's programs at peer institutions in Minnesota (28 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
St Olaf College$26,870—$25,0000.93
Minnesota State University-Mankato$38,717$37,298$27,0000.70
Minnesota State University Moorhead$30,521$33,601$27,0000.88
Saint Cloud State University$30,051$45,346$31,0001.03
Concordia College at Moorhead$29,986$42,321$27,0000.90
University of Minnesota-Duluth$25,660$31,772——
National Median$24,742—$25,2951.02

Other Fine and Studio Arts Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
Minnesota State University-Mankato
Mankato
$9,490$38,717$27,000
Minnesota State University Moorhead
Moorhead
$10,336$30,521$27,000
Saint Cloud State University
Saint Cloud
$10,117$30,051$31,000
Concordia College at Moorhead
Moorhead
$30,020$29,986$27,000
University of Minnesota-Duluth
Duluth
$14,318$25,660—

About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At St Olaf College, approximately 20% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Sample Size: Based on 35 graduates with reported earnings and 44 graduates with debt data. Small samples may not be representative.