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 • Evansville, IN & Waverly, IA
When students choose between University of Evansville and Wartburg College, they're comparing two small private colleges that deliver nearly identical financial value. Both institutions serve similar student populations across Indiana and Iowa respectively, with Evansville costing modestly less while Wartburg producing slightly higher earnings.
The data reveals a rare example of true educational equivalence — the decision comes down to program focus, campus culture, and geographic preference rather than financial advantage.
Median Student Debt at Graduation
$24,606
federal loans
$27,000
federal loans
Median Parent PLUS Loans
$26,848
borrowed by parents
$27,152
borrowed by parents
University of Evansville is predominantly health-focused, with its program mix including 14% Business, 9% Engineering, and 8% Social Sciences. The largest programs include Sports, Kinesiology, and Physical Education (36 graduates), followed by Registered Nursing (25) and Psychology (22).
Wartburg College emphasizes biological sciences, with 17% Business, 12% Education, and 6% Social Sciences. Top programs include Business/Commerce (49 graduates), Biology (41), and Teacher Education (28).
These different program concentrations help explain the modest earnings variations between institutions.
For students prioritizing financial value, this comparison reveals no clear winner — both schools deliver equivalent outcomes with different strengths. Evansville offers health science focus and engineering programs at a lower net price, making it the better choice for students interested in healthcare or technical fields who want to minimize debt.
Wartburg provides strong biology and education programs with modest earnings advantages, appealing to students pursuing teaching or life sciences careers. Both schools present affordability challenges that require careful financial planning.
The right choice depends on program interests, geographic preferences, and tolerance for debt burden rather than financial advantage.
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.
