Est. Earnings (1yr)
$72,900
Est. from IA median (3 programs)
Est. Median Debt
$26,460
Est. from national median (96 programs)

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)

Scroll to see more →

SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
William Penn UniversityOskaloosa$28,750$72,900*—$26,460*—
Saint Ambrose UniversityDavenport$35,598$73,622*—$26,996*0.37
Iowa State UniversityAmes$10,497$72,900*$81,779$23,500*0.32
University of IowaIowa City$10,964$71,732*$76,903$23,109*0.32
National Median—$70,744*—$24,755*0.35
* Estimated from similar programs

Career Paths

Occupations commonly associated with mechanical engineering graduates

Architectural and Engineering Managers

Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.

$167,740/yrJobs growth:Bachelor's degree

Biofuels/Biodiesel Technology and Product Development Managers

Define, plan, or execute biofuels/biodiesel research programs that evaluate alternative feedstock and process technologies with near-term commercial potential.

$167,740/yrJobs growth:Bachelor's degree

Aerospace Engineers

Perform engineering duties in designing, constructing, and testing aircraft, missiles, and spacecraft. May conduct basic and applied research to evaluate adaptability of materials and equipment to aircraft design and manufacture. May recommend improvements in testing equipment and techniques.

$134,830/yrJobs growth:Bachelor's degree

Mechanical Engineers

Perform engineering duties in planning and designing tools, engines, machines, and other mechanically functioning equipment. Oversee installation, operation, maintenance, and repair of equipment such as centralized heat, gas, water, and steam systems.

$102,320/yrJobs growth:Bachelor's degree

Fuel Cell Engineers

Design, evaluate, modify, or construct fuel cell components or systems for transportation, stationary, or portable applications.

$102,320/yrJobs growth:Bachelor's degree

Automotive Engineers

Develop new or improved designs for vehicle structural members, engines, transmissions, or other vehicle systems, using computer-assisted design technology. Direct building, modification, or testing of vehicle or components.

$102,320/yrJobs growth:Bachelor's degree

Engineering Teachers, Postsecondary

Teach courses pertaining to the application of physical laws and principles of engineering for the development of machines, materials, instruments, processes, and services. Includes teachers of subjects such as chemical, civil, electrical, industrial, mechanical, mineral, and petroleum engineering. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Cost Estimators

Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

$77,070/yrJobs growth:Bachelor's degree
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.