Analysis
William Penn's entrepreneurship program carries an estimated $25,396 in debt—above both the national and Iowa medians for this degree—while projected earnings based on peer programs sit at $45,265. That debt-to-earnings ratio of 0.56 isn't alarming on its face, but it's worth noting that comparable entrepreneurship programs in Iowa, like those at Buena Vista and Iowa State, show stronger first-year outcomes, suggesting this investment may not position graduates as competitively within the state.
The challenge with small business programs is that earnings often depend heavily on individual ventures and career paths, making early salary figures particularly variable. Similar programs nationally cluster around the same $45,000 range, so this outcome isn't unusual. However, with nearly half of William Penn's students receiving Pell grants, many families will be weighing this debt load against their specific financial circumstances and whether the entrepreneurial network and resources justify the cost premium over Iowa's public alternatives.
For families evaluating this program, the key question is whether William Penn offers distinct advantages—mentorship, incubator support, or regional business connections—that would offset the higher debt relative to peer schools showing better early returns. Without that differentiator, programs at Iowa State or other in-state options merit serious consideration.
Where William Penn University Stands
Earnings vs. debt across all entrepreneurial and small business operations bachelors's programs nationally
Compare to Similar Programs in Iowa
Entrepreneurial and Small Business Operations bachelors's programs at peer institutions in Iowa (6 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $28,750 | $45,265* | — | $25,396* | — | |
| $40,190 | $49,099* | $46,614 | $27,000* | 0.55 | |
| $10,497 | $46,374* | — | $21,500* | 0.46 | |
| National Median | — | $45,265* | — | $24,125* | 0.53 |
Career Paths
Occupations commonly associated with entrepreneurial and small business operations graduates
Chief Executives
Chief Sustainability Officers
General and Operations Managers
Business Teachers, Postsecondary
Personal Service Managers, All Other
Fitness and Wellness Coordinators
Spa Managers
Managers, All Other
Regulatory Affairs Managers
Compliance Managers
Loss Prevention Managers
Wind Energy Operations Managers
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 Penn University, approximately 46% 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 67 similar programs. Actual outcomes may vary.