Analysis
St. Olaf's religion graduates earn 43% more than the national median for this major—a significant premium that places them in the 93rd percentile nationally. With first-year earnings of $36,329 versus the typical $25,450, this program substantially outperforms most religious studies degrees. The $25,000 in debt, while not trivial, translates to a manageable 0.69 debt-to-earnings ratio.
However, the Minnesota picture is more nuanced. At the 60th percentile statewide, St. Olaf sits in the middle of the pack among Minnesota's 12 religion programs, which generally perform better than the national pool. The school's selectivity (52% admission rate, 1373 average SAT) and strong liberal arts reputation likely help graduates leverage their degrees into diverse career paths that value critical thinking and cultural literacy.
The major caveat: this data reflects fewer than 30 graduates, so individual outcomes vary considerably. But for families drawn to religious studies at a selective liberal arts college, St. Olaf delivers earnings well above what most programs produce nationally, with debt levels that won't become overwhelming. This represents solid value for a humanities degree, particularly if your student plans to pursue graduate school or careers where St. Olaf's alumni network and academic rigor provide advantages.
Where St Olaf College Stands
Earnings vs. debt across all religion/religious studies bachelors's programs nationally
Earnings Distribution
How St Olaf College graduates compare to all programs nationally
Compare to Similar Programs in Minnesota
Religion/Religious Studies bachelors's programs at peer institutions in Minnesota (12 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $56,970 | $36,329 | — | $25,000 | 0.69 | |
| $52,284 | $27,496 | $42,622 | $19,500 | 0.71 | |
| National Median | — | $25,450 | — | $25,000 | 0.98 |
Career Paths
Occupations commonly associated with religion/religious studies graduates
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 18 graduates with reported earnings and 23 graduates with debt data. Small samples may not be representative.