Analysis
A debt-to-earnings ratio of 0.52 suggests that comparable business bachelor's programs nationally produce graduates who can manage their student loans reasonably well, with first-year earnings nearly twice the debt load. At an estimated $26,500 in borrowing against $50,740 in first-year earnings, William Carey's program appears to track close to what peer institutions deliver. For Mississippi—a state with lower living costs but also typically lower wages—these national benchmarks provide some reassurance, though it's worth noting that only two schools in the state offer this degree, limiting direct local comparisons.
The challenge here is that both the earnings and debt figures are estimates drawn from similar programs elsewhere, not actual outcomes for William Carey graduates. This means you're betting on the school delivering results comparable to the national median for business programs at similar institutions. The program sits squarely in the middle of what business degrees typically produce—not among the higher earners at $60,000+, but not in the concerning territory either.
For an anxious parent, the question becomes whether you're comfortable with that middle-ground position when the data is extrapolated rather than verified. If your child is drawn to William Carey for specific reasons—campus culture, location, or program features—the estimated financial picture doesn't raise red flags. But if you're choosing primarily on ROI, consider that you're making that decision with borrowed confidence from other schools' track records.
Where William Carey University Stands
Earnings vs. debt across all business, management, marketing, bachelors's programs nationally
Compare to Similar Programs Nationally
Business, Management, Marketing, bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $14,685 | $50,740* | — | $26,500* | — | |
| $13,120 | $82,115* | — | $29,062* | 0.35 | |
| $16,450 | $80,842* | — | $15,697* | 0.19 | |
| $41,010 | $73,382* | $78,432 | $27,000* | 0.37 | |
| $59,070 | $72,850* | $89,485 | $26,500* | 0.36 | |
| $58,150 | $70,365* | $89,440 | $26,000* | 0.37 | |
| National Median | — | $50,740* | — | $26,000* | 0.51 |
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 William Carey University, approximately 25% 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 31 similar programs. Actual outcomes may vary.