Head-to-Head Analysis
This analysis was generated using Azimuth's proprietary framework. Our data model transforms federal education data into actionable insights. Learn about founder Daniel Rogers, explore our research methodology, or see how we think about this data.
Updated January 2026 • Berea, OH & Kenosha, WI
When students choose between Baldwin Wallace University and Carthage College, they're comparing two business-focused private colleges in the Midwest with similar missions but different financial profiles. Both serve medium-sized student populations and emphasize professional preparation, particularly in business fields.
The data reveals modest differences in cost and outcomes that could influence your decision. Baldwin Wallace sits in Berea, Ohio, while Carthage operates in Kenosha, Wisconsin.
Median Student Debt at Graduation
$27,000
federal loans
$26,000
federal loans
Median Parent PLUS Loans
$31,484
borrowed by parents
$42,940
borrowed by parents
Baldwin Wallace is predominantly business-focused, with 21% of graduates earning degrees in business fields, followed by 13% in arts and 7% in education. Carthage has an even stronger business concentration at 28%, with 9% each in arts and education.
Baldwin Wallace's largest programs include Business Administration (63 graduates annually), Sports/Kinesiology (49), and Teacher Education (40). Carthage's top programs include Business Administration (70), Marketing (65), and Finance (44).
Both schools offer nursing programs with similar graduate numbers.
For students prioritizing financial value, Carthage delivers modestly higher earnings at $2,841/year less cost than Baldwin Wallace. Baldwin Wallace offers better graduation rates (68.
6% versus 60. 5%) and stronger Ohio regional connections, making it the better choice for students who value completion support and can manage the higher cost.
The data points to Carthage as having a slight financial edge, but the right choice depends on your priorities, program interests, and family circumstances. Both schools serve similar business-focused missions — the differences are in the details of cost, completion, and regional placement patterns.
Key Takeaway
The numbers are close, but the best school depends on your goals, values, and career aspirations.
This comparison was generated using Azimuth's proprietary ROI framework, developed by founder Daniel Rogers. Our methodology transforms federal education data into actionable insights for families.
This comparison uses Azimuth's proprietary ROI model based on U.S. Dept. of Education data. View Full Methodology.
This content is for educational and informational purposes only and should not be construed as financial, investment, or professional advice. Consult a qualified advisor before making any financial decisions.
College Azimuth is a private research initiative and is not affiliated with the U.S. Department of Education or Federal Student Aid.
