Analysis
Wake Forest's English program delivers slightly above-average earnings compared to other NC English programs, but at a steeper financial cost. At $31,449 one year out, graduates earn about $1,500 more than the state median for this major—landing in the 60th percentile among North Carolina schools. However, they're carrying $19,500 in debt, which is lower in absolute terms than many programs but still places them in the 80th percentile nationally (meaning only 20% of English programs nationwide leave students with more debt).
The real challenge here is context. While the 0.62 debt-to-earnings ratio looks manageable on paper, that first-year salary barely clears $31,000—and this is coming from one of the state's most selective institutions (22% acceptance rate, 1469 SAT average). Other prestigious NC schools like Elon and Meredith are producing English graduates who earn $4,000-5,000 more right out of the gate. For a family paying Wake Forest's private school premium—especially the 91% who don't qualify for Pell grants—this is a harder sell than the university's overall reputation might suggest.
The bottom line: if your child is passionate about English literature and set on Wake Forest, the debt load is at least moderate rather than crushing. But purely from an earnings standpoint, this isn't where the university's value proposition shines brightest. Several less selective NC schools are delivering stronger immediate outcomes for English majors.
Where Wake Forest University Stands
Earnings vs. debt across all english language and literature bachelors's programs nationally
Earnings Distribution
How Wake Forest University graduates compare to all programs nationally
Compare to Similar Programs in North Carolina
English Language and Literature bachelors's programs at peer institutions in North Carolina (50 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $64,758 | $31,449 | — | $19,500 | 0.62 | |
| $44,536 | $36,302 | $52,954 | — | — | |
| $43,936 | $35,619 | — | $26,500 | 0.74 | |
| $8,895 | $32,694 | $42,708 | $21,680 | 0.66 | |
| $7,214 | $32,021 | $38,403 | $23,071 | 0.72 | |
| $6,748 | $30,995 | — | $31,000 | 1.00 | |
| National Median | — | $29,967 | — | $24,529 | 0.82 |
Career Paths
Occupations commonly associated with english language and literature 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 Wake Forest University, approximately 9% 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 30 graduates with reported earnings and 30 graduates with debt data. Small samples may not be representative.