Higher Ed Info for Virginia

Grand Total, All Institutions Public Institutions Private Institutions

Grand Total, All Reporting Institutions
First Professional Degree
Wage Outcomes

Traditionally the first professional degree has represented degree programs beyond the bachelor's preparing students for the recofnition, credential or license required for professional practices. While these programs would seem to be clearly appropriate for wage outcomes at 18 months post-completion, they often provide the least useful results in our model. The reasons for this are understandable. First, in the the case of law degrees, a minority of attorneys work in positions that are covered by unemployment insurance as most are self-employed, in partnership arrangements, or treated as independent contractors. Second, medical doctor graduates most often go from medical school to residency programs which are not only relatively low-paid but are frequently out-of-state.

The US Education Department discontinued the use of the term "First Professional" during the 2010-11 data collection year. SCHEV will continue to use the phrase or some time to come because the structure of existing funding models which are outside of SCHEV's sole control.

Wage Outcomes, 2022 Calendar Year

Grand Total, All Reporting Institutions, First Professional Degree
Earnings in 2022	Median Wage	Percentage of Graduates w/ Reported Wage
20 Years (2001-02 Graduates)	$165,631	23%
15 Years (2006-07 Graduates)	$153,840	22%
10 Years (2011-12 Graduates)	$134,435	20%
8 Years (2013-14 Graduates)	$127,352	22%
5 Years (2016-17 Graduates)	$114,502	21%
3 Years (2018-19 Graduates)	$88,234	23%
18 Months (2020-21 Graduates)	$64,218	22%

Only years/programs meeting disclosure rules will be displayed to protect individual confidentiality.
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Wages in 2022
Years Post-Completion	10th Percentile	25th Percentile	Median	75th Percentile	90th Percentile
	80% of graduates with full-time wages fall within this range
20 Years (2001-02 Graduates)	$54,166	$105,465	$165,631	$298,250	$475,289
15 Years (2006-07 Graduates)	$47,604	$99,076	$153,840	$244,201	$413,293
10 Years (2011-12 Graduates)	$54,988	$86,013	$134,435	$212,914	$375,445
8 Years (2013-14 Graduates)	$44,885	$80,246	$127,352	$194,297	$359,687
5 Years (2016-17 Graduates)	$48,351	$71,693	$114,502	$158,261	$268,978
3 Years (2018-19 Graduates)	$35,511	$63,352	$88,234	$129,701	$174,995
18 Months (2020-21 Graduates)	$33,356	$54,402	$64,218	$100,876	$139,068

As reminder, the median value represents the very middle value of the sample of values (wage or debt) sorted from low to high. This value is found in the middle line of the barcharts.
The remaining values in the chart are constructed similarly, to display how wages and earnings are distributed. Thus, while the median tells us the middle wage, the values for the 25th and 75th percentiles tell us that half of the graduates with wages fall between those two values. Likewise, 80% of reported wages fall between the 10th and 90th percentiles. The length of each bar section clue to the dispersion in the data - that is, how much earnings can vary within a range a group of individuals.

Grand Total, All Reporting Institutions,
Programs Rank Ordered by Cohort Size	Median Wage	Percentage of Graduates w/ Reported Wage	Median Debt	Percentage of Graduates with Student Debt
Architecture		23%	$31,490	54%
Theology/Theological Studies	$45,011	16%	$40,795	29%
Dentistry	$164,817	41%	$203,761	85%
Pharmacy	$130,130	37%	$142,099	79%
Medicine	$145,111	19%	$159,360	80%
Divinity/Ministry	$48,553	12%	$47,833	67%
Law	$86,910	24%	$114,327	80%

Grand Total, All Reporting Institutions, (Disclosable Programs)
Programs Rank Ordered by Cohort Size, 3-year Wage Outcomes	10th Percentile	25th Percentile	Median	75th Percentile	90th Percentile
	80% of graduates with full-time wages fall within this range
Architecture
Theology/Theological Studies	$14,054	$18,858	$45,011	$84,028	$164,748
Dentistry	$78,969	$121,777	$164,817	$232,295	$303,176
Pharmacy	$71,768	$111,072	$130,130	$146,488	$161,251
Medicine	$39,381	$69,423	$145,111	$233,052	$323,361
Divinity/Ministry	$17,934	$30,684	$48,553	$73,690	$110,164
Law	$48,991	$65,831	$86,910	$126,208	$195,664

NOTE: Fewer than 10 programs may be displayed if they disclosure rules for providing wage outcome data are not met.
Top 25 Programs by Enrollment
Top 25 Programs by Degrees Awarded

Graduate Debt
First Professional Degree
Student Loans

Known Debt at Graduation of Student Borrowers
Year	% of grads	25th Percentile	Median	Estimated Payment on Median Debt	Mean	75th Percentile
2017-18	74%	$66,989	$134,778	$1,551	$144,087	$200,753
2018-19	73%	$61,500	$133,398	$1,535	$142,360	$205,124
2019-20	71%	$60,848	$130,200	$1,498	$143,095	$211,870
2020-21	70%	$60,850	$131,730	$1,516	$144,265	$211,613
2021-22	68%	$60,852	$126,907	$1,460	$142,615	$204,778

Note: The four-year bachelor’s degree mean and median debt levels reported on this site may differ from that reported by individual institutions. Many institutions report indebtedness based on the Common Data Set definition, which limits the indebtedness level reported to include only those students who entered the institution as first-time in college (FTIC) students. The inclusion of graduates who entered as transfer students may tend to lower the overall mean or median debt level because it does not include any debt that transfer students acquired while attending previous institutions outside Virginia and relatively few transfers from Virginia’s two-year colleges incur debt prior to transfer. Repayment estimates assume a standard 10-year repayment rate, and a 5% interest rate for undegraduate loans (for which multiple interest rates exist) and 6.8% for graduate and professional programs. Borrowers with federal loans may be eligible for Income Driven Repayment, which may result in lower payments.