Location: Duluth, MN•In-State Tuition: $40,454•Admission Rate: 94%•Avg SAT: 1190
Est. Earnings (1yr)
$56,570
Est. from MN median (10 programs)
Est. Median Debt
$25,800
Est. from MN median (8 programs)

Analysis

Similar economics programs across Minnesota suggest this combination—$56,570 in first-year earnings against $25,800 in debt—aligns closely with what peer institutions produce. The debt-to-earnings ratio of 0.46 means paying back roughly half a year's salary, which falls within manageable territory and tracks slightly better than the national median debt load for economics degrees.

What's worth noting is where this estimate places Saint Scholastica relative to Minnesota's competitive landscape. The estimated earnings match the state median exactly, putting it in the middle of the pack behind institutions like Carleton ($66,567) and St. Thomas ($60,323) but likely ahead of many regional options. For a school with a 94% admission rate, that positioning suggests reasonable value—economics graduates from comparable programs aren't dramatically penalized for choosing a less selective institution.

The practical calculation here: if the earnings estimate holds, monthly loan payments would consume about 12-13% of take-home pay on a standard repayment plan. That's workable, though it depends heavily on whether your child actually lands an economics-related job rather than settling into a lower-paying general business role. Since these figures represent what similar Minnesota programs achieve rather than Saint Scholastica's verified track record, ask the school's career services office about actual placement rates and starting positions for their recent economics graduates before committing.

Where The College of Saint Scholastica Stands

Earnings vs. debt across all economics bachelors's programs nationally

The College of Saint Scholastica (estimated ±10%)Other economics programs

Dashed lines show national medians. Upper-left = best value.

Compare to Similar Programs in Minnesota

Economics bachelors's programs at peer institutions in Minnesota (23 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
The College of Saint ScholasticaDuluth$40,454$56,570*—$25,800*—
Carleton CollegeNorthfield$65,457$66,567*$83,775$19,500*0.29
St Catherine UniversitySaint Paul$49,758$64,916*—$30,215*0.47
University of St ThomasSaint Paul$52,284$60,323*$68,704$24,600*0.41
Macalester CollegeSaint Paul$64,908$59,752*$83,794$24,000*0.40
University of Minnesota-Twin CitiesMinneapolis$16,488$56,902*$76,116$21,500*0.38
National Median—$51,722*—$22,816*0.44
* Estimated from similar programs

Career Paths

Occupations commonly associated with economics graduates

Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$115,440/yrJobs growth:Master's degree

Environmental Economists

Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.

$115,440/yrJobs growth:Master's degree

Data Scientists

Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

$112,590/yrJobs growth:Bachelor's degree

Business Intelligence Analysts

Produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources.

$112,590/yrJobs growth:Bachelor's degree

Clinical Data Managers

Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends.

$112,590/yrJobs growth:Bachelor's degree

Statisticians

Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

$104,350/yrJobs growth:Master's degree

Biostatisticians

Develop and apply biostatistical theory and methods to the study of life sciences.

$104,350/yrJobs growth:Master's degree

Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Market Research Analysts and Marketing Specialists

Research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets.

$76,950/yrJobs growth:Bachelor's degree

Search Marketing Strategists

Employ search marketing tactics to increase visibility and engagement with content, products, or services in Internet-enabled devices or interfaces. Examine search query behaviors on general or specialty search engines or other Internet-based content. Analyze research, data, or technology to understand user intent and measure outcomes for ongoing optimization.

$76,950/yrJobs growth:Bachelor's degree

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master's degree
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 The College of Saint Scholastica, approximately 23% 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.

Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 10 similar programs in MN. Actual outcomes may vary.