Analysis
Iowa's mechanical engineering programs cluster tightly in first-year earnings, with the three institutions reporting data all landing between $71,700 and $73,600—and peer programs in the state suggest William Penn graduates would enter this same range at around $72,900. That's competitive with the national median of $70,744, putting Iowa mechanical engineers slightly ahead of their nationwide counterparts from the start.
The estimated debt load of $26,460 is modest for engineering, producing a debt-to-earnings ratio of 0.36—meaning graduates would theoretically owe about four months of their first-year salary. That's manageable compared to many fields, though it's worth noting this is slightly above the state median debt of $23,500. Still, at comparable programs across Iowa, graduates are clearing their debt burdens within a few years while establishing careers in a field with strong long-term earning potential.
The real question is whether William Penn's smaller program—too small for the Department of Education to publish outcomes—offers the same career networks and employer connections as Iowa State or the University of Iowa. If the estimated earnings hold true, the financial equation works. But with nearly half the student body on Pell grants and lower average test scores than Iowa's flagship engineering schools, prospective students should verify that William Penn's industry partnerships and job placement support can deliver the same results as the larger programs these estimates are based on.
Where William Penn University Stands
Earnings vs. debt across all mechanical engineering bachelors's programs nationally
Compare to Similar Programs in Iowa
Mechanical Engineering bachelors's programs at peer institutions in Iowa (5 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $28,750 | $72,900* | — | $26,460* | — | |
| $35,598 | $73,622* | — | $26,996* | 0.37 | |
| $10,497 | $72,900* | $81,779 | $23,500* | 0.32 | |
| $10,964 | $71,732* | $76,903 | $23,109* | 0.32 | |
| National Median | — | $70,744* | — | $24,755* | 0.35 |
Career Paths
Occupations commonly associated with mechanical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Aerospace Engineers
Mechanical Engineers
Fuel Cell Engineers
Automotive Engineers
Engineering Teachers, Postsecondary
Cost Estimators
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 median of 3 similar programs in IA. Actual outcomes may vary.