Theological and Ministerial Studies graduates from Martin Luther College earn $39,949 median salary — below the national average for this program. Median debt: $18,899.
Theological and Ministerial Studies at Martin Luther College
New Ulm, Minnesota • Bachelor's
What the IPEDS & College Scorecard Data Shows for Theological and Ministerial Studies at Martin Luther College
This page combines two federal data products: IPEDS institutional characteristics for Martin Luther College and the College Scorecard field-of-study (FOS) file for Theological and Ministerial Studies at the bachelor's credential level. The FOS file is keyed by CIP (Classification of Instructional Programs) code, which means earnings and debt figures here reflect only graduates of this specific program — not the school as a whole. IPEDS reports 51 completers in the most recent cohort for this program at Martin Luther College, the denominator behind the median earnings figure.
Median graduate earnings of $39,949 represent Treasury-verified wages approximately one year after program completion, drawn from Social Security Administration records linked to federal financial aid applicants. Compared to the national mean of $39,960 across all institutions offering Theological and Ministerial Studies, graduates here earn below the national average for this program. Across all programs at Martin Luther College, the mean median-earnings figure is $38,385, providing internal context for whether this specific field out-earns other options at the same institution.
Debt signals complete the ROI picture. The median cumulative federal loan debt for Theological and Ministerial Studies graduates at Martin Luther College is $18,899, which translates to roughly $157 per month on a standard 10-year repayment plan. The debt-to-earnings ratio of 0.47 is under the 1.0 threshold the College Scorecard uses to flag favorable gainful-employment outcomes — earnings in year one already exceed cumulative borrowing. Program-level debt and earnings come from the Department of Education’s College Scorecard FOS release, updated annually.
Earnings Comparison
Program Details
Debt & ROI
Theological and Ministerial Studies at Other Schools
| School | Median Earnings | Median Debt |
|---|---|---|
| Colorado Christian University | $58,775 | — |
| Concordia University-Nebraska | $58,162 | $27,000 |
| Nazarene Bible College | $56,855 | $37,410 |
| University of Notre Dame | $54,758 | $18,400 |
| The King's University | $54,618 | $43,423 |
| Palm Beach Atlantic University | $53,398 | $25,279 |
| Northwest University | $52,385 | $25,000 |
| Northwest University-Center for Online and Extended Education | $52,385 | $25,000 |
| Hope International University | $50,647 | — |
| Seattle Pacific University | $50,557 | — |
Other Programs at Martin Luther College
| Program | Median Earnings | Median Debt |
|---|---|---|
| Teacher Education and Professional Development, Specific Levels and Methods | $56,435 | $20,695 |
| Theological and Ministerial Studies (current) | $39,949 | $18,899 |
| Liberal Arts and Sciences, General Studies and Humanities | $18,771 | — |
Other Schools with Theological and Ministerial Studies
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About the Data
Data from the U.S. Department of Education College Scorecard Field of Study file. Earnings are median earnings for graduates after completion, drawn from U.S. Treasury tax records linked to federal financial aid applicants. Institutional characteristics come from IPEDS. Debt figures represent the median cumulative federal loan debt at graduation.
Debt-to-earnings ratio compares cumulative debt to annual earnings. A ratio below 1.0 indicates that annual earnings exceed total debt, generally considered favorable. Estimated monthly payments assume a standard 10-year repayment plan.
Read our methodology — how this data is sourced, computed, and verified.