Analysis
A debt-to-earnings ratio of 0.43 suggests solid financial positioning for this associate's degree, though the earnings estimate of $37,001 based on comparable accounting programs nationally falls notably short of what other Illinois community colleges report. The nearby College of DuPage, for instance, sees its accounting associate's graduates earning nearly $48,000 in their first year—about $11,000 more. That gap matters when you're weighing whether to stay local or commute farther for better career connections and placement support.
The estimated $15,979 in debt sits comfortably below both state and national medians for accounting programs, which is encouraging for a community college serving a significant portion of students with financial need. Similar programs across Illinois typically see graduates carrying around $20,500 in loans. The lower debt burden helps offset the earnings difference somewhat, though it doesn't close the gap entirely when you consider that stronger-earning programs in the state would allow graduates to pay down debt faster despite borrowing slightly more.
For families prioritizing affordability and local access, this program offers a manageable path into accounting work. But if your student can access programs like DuPage's—whether through commuting or relocation—the substantially higher early earnings could justify the extra effort, especially if they're planning to continue toward a bachelor's degree where that initial salary matters less than building the right foundation.
Where Waubonsee Community College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Illinois
Accounting associates's programs at peer institutions in Illinois (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $3,432 | $37,001* | — | $15,979* | — | |
| $4,320 | $47,775* | — | $17,284* | 0.36 | |
| $13,546 | $43,765* | $44,358 | $23,823* | 0.54 | |
| National Median | — | $37,000* | — | $19,354* | 0.52 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
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 Waubonsee Community College, approximately 22% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the national median of 118 similar programs. Actual outcomes may vary.