Analysis
Notre Dame's theology program carries remarkably low debt—just $19,000 compared to the $25,750 national median—which matters significantly given that ministry careers typically start around $46,000. That debt-to-earnings ratio of 0.41 is manageable even on a pastoral salary, and you're looking at graduates earning $14,000 more than the national median for this field. The university's elite status clearly lifts outcomes: 95th percentile nationally for both high earnings and low debt is exceptional for theological studies.
The caveat here is Indiana context. While Notre Dame outperforms most theology programs nationwide, it actually sits right at the state median for earnings. Indiana has several seminary and religious colleges, and apparently their graduates enter similar ministry positions regardless of institutional prestige. The flat earnings trajectory—essentially no growth from year one to year four—is typical for early ministry work, where salary scales tend to be predetermined rather than merit-based.
With under 30 graduates in this dataset, treat these numbers as directional rather than definitive. But the fundamental story holds: if your child is committed to ministry or theological scholarship, Notre Dame offers that path with less financial burden than most programs. The combination of institutional resources, alumni networks, and manageable debt creates room to pursue a vocation that won't make you wealthy but shouldn't trap you in financial stress either.
Where University of Notre Dame Stands
Earnings vs. debt across all theological and ministerial studies bachelors's programs nationally
Earnings Distribution
How University of Notre Dame graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| University of Notre Dame | $45,874 | $46,078 | +0% |
| Nazarene Bible College | $40,357 | $51,692 | +28% |
| University of Valley Forge | $25,051 | $48,764 | +95% |
| The Master's University and Seminary | $43,677 | $44,574 | +2% |
| Moody Bible Institute | $33,488 | $44,574 | +33% |
Compare to Similar Programs Nationally
Theological and Ministerial Studies bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $62,693 | $45,874 | $46,078 | $19,000 | 0.41 | |
| $7,475 | $47,781 | $33,046 | $22,673 | 0.47 | |
| $37,150 | $47,102 | — | $21,566 | 0.46 | |
| $36,930 | $43,677 | $44,574 | $23,774 | 0.54 | |
| $36,035 | $41,139 | $42,682 | $26,453 | 0.64 | |
| $14,652 | $41,139 | $42,682 | $26,453 | 0.64 | |
| National Median | — | $32,211 | — | $25,750 | 0.80 |
Career Paths
Occupations commonly associated with theological and ministerial 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 University of Notre Dame, approximately 12% 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 22 graduates with reported earnings and 35 graduates with debt data. Small samples may not be representative.