Median Earnings (1yr)
$51,954
65th percentile (60th in IA)
Median Debt
$27,000
4% above national median
Debt-to-Earnings
0.52
Manageable
Sample Size
92
Adequate data

Analysis

Waldorf's business program starts stronger than most in Iowa, with first-year earnings matching the state median of $51,954 and beating the national average by nearly $4,500. Among Iowa's dozen business programs, this sits right at the 60th percentile—respectable positioning for a school with a 73% admission rate. The $27,000 debt load is typical for both state and national standards, creating a manageable 0.52 debt-to-earnings ratio in year one.

The significant concern here is what happens after that initial year: earnings drop 13% to $45,397 by year four, falling below the national average. This backward trajectory is unusual for business graduates, whose earnings typically grow as they gain experience and advance into management roles. It's unclear whether this reflects graduates changing careers, regional economic constraints in rural Iowa, or something specific to the program's outcomes. The moderate sample size (30-100 graduates) makes this pattern harder to interpret definitively.

For an Iowa family, this program offers a decent launching point at a price point that won't create crushing debt, but the earnings decline is troubling enough to warrant deeper investigation. Ask Waldorf directly about career support after graduation and where their business graduates work four years out—those answers will matter more than the promising first-year numbers suggest.

Where Waldorf University Stands

Earnings vs. debt across all business/commerce bachelors's programs nationally

Waldorf UniversityOther business/commerce 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 Waldorf University graduates compare to all programs nationally

Waldorf University graduates earn $52k, placing them in the 65th percentile of all business/commerce bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Iowa

Business/Commerce bachelors's programs at peer institutions in Iowa (12 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Waldorf University$51,954$45,397$27,0000.52
Mount Mercy University$57,572$69,779$33,5830.58
Wartburg College$54,652$61,080$27,0000.49
Grand View University$51,251$51,189$27,0000.53
Buena Vista University$48,810—$22,9870.47
National Median$47,506—$26,0000.55

Other Business/Commerce Programs in Iowa

Compare tuition, earnings, and debt across Iowa schools

SchoolIn-State TuitionEarnings (1yr)Debt
Mount Mercy University
Cedar Rapids
$39,070$57,572$33,583
Wartburg College
Waverly
$51,040$54,652$27,000
Grand View University
Des Moines
$33,450$51,251$27,000
Buena Vista University
Storm Lake
$40,190$48,810$22,987

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 Waldorf University, approximately 34% 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 92 graduates with reported earnings and 111 graduates with debt data. Small samples may not be representative.