Religion/Religious Studies at Wabash College
Bachelor's Degree
Analysis
Wabash's Religion program shows something unusual: graduates carry debt right at the national median, yet initial earnings barely exceed $26,000. Here's the concerning part—that debt-to-earnings ratio of 1.02 means graduates owe essentially a full year's salary right out of college. While the program ranks in the 60th percentile among Indiana's religious studies offerings, that's largely because the field itself pays modestly everywhere. The more meaningful comparison is debt: Wabash students graduate with less debt than 75% of programs nationally, suggesting reasonable institutional financial aid even at a school where less than a quarter of students receive Pell grants.
The small sample size (fewer than 30 graduates tracked) limits confidence in these numbers, but the pattern aligns with what you'd expect from a liberal arts major at a selective men's college. Students aren't choosing this path for immediate financial returns. The real question for families is whether the Wabash experience—tight-knit community, strong alumni network—justifies borrowing $27,000 for a career start in the mid-$20,000s.
If your child is genuinely passionate about religious studies and you can minimize borrowing, Wabash's relatively controlled debt levels work in your favor. But if you're hoping the degree leads to clear professional pathways with quick debt payoff, the numbers suggest looking at complementary majors or double-degree options that might boost that initial earning power.
Where Wabash College Stands
Earnings vs. debt across all religion/religious studies bachelors's programs nationally
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 Wabash College graduates compare to all programs nationally
Wabash College graduates earn $26k, placing them in the 54th percentile of all religion/religious studies bachelors programs nationally.
Compare to Similar Programs in Indiana
Religion/Religious Studies bachelors's programs at peer institutions in Indiana (19 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Wabash College | $26,455 | — | $27,000 | 1.02 |
| National Median | $25,450 | — | $25,000 | 0.98 |
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 Wabash College, 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.