Median Earnings (1yr)
$31,449
58th percentile (60th in NC)
Median Debt
$19,500
21% below national median
Debt-to-Earnings
0.62
Manageable
Sample Size
30
Adequate data

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

Wake Forest UniversityOther english language and literature programs

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 Wake Forest University graduates compare to all programs nationally

Wake Forest University graduates earn $31k, placing them in the 58th percentile of all english language and literature bachelors 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)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Wake Forest University$31,449—$19,5000.62
Elon University$36,302$52,954——
Meredith College$35,619—$26,5000.74
North Carolina State University at Raleigh$32,694$42,708$21,6800.66
University of North Carolina at Charlotte$32,021$38,403$23,0710.72
North Carolina A & T State University$30,995—$31,0001.00
National Median$29,967—$24,5290.82

Other English Language and Literature Programs in North Carolina

Compare tuition, earnings, and debt across North Carolina schools

SchoolIn-State TuitionEarnings (1yr)Debt
Elon University
Elon
$44,536$36,302—
Meredith College
Raleigh
$43,936$35,619$26,500
North Carolina State University at Raleigh
Raleigh
$8,895$32,694$21,680
University of North Carolina at Charlotte
Charlotte
$7,214$32,021$23,071
North Carolina A & T State University
Greensboro
$6,748$30,995$31,000

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.