Midwestern State University
Wichita Falls, TX · official site ↗
Midwestern State University is a public institution in Wichita Falls, TX, classified by Carnegie as “Master's, Larger Programs.”
It enrolls about 4,087 undergraduates and is benchmarked here against 145 peer institutions (Master's, Larger Programs · Public).
On Ibex's Financial Resilience score it rates 74 out of 100 within that peer group, a transparent composite of endowment per undergraduate, net tuition revenue per student, and instructional spend per student.
Its strongest standing relative to peers is endowment per fte student ($22,026, 95th percentile).
Its weakest is return on net assets (-9.2%).
Ibex's cross-metric scan flags: Undergrad enrollment down 23% since 2016.
Master's, Larger Programs · Public
145 institutions
How exposed Midwestern State University is to the structural shifts reshaping higher ed: a composite structural-risk index plus the 2025 federal budget law’s endowment excise tax, Grad PLUS elimination, new Parent PLUS borrowing cap and new Workforce Pell short-term-credential opportunity, and the demographic enrollment cliff. Only signals that apply to this institution are shown.
Indicative signals, not forecasts, see each metric’s definition and the methodology. Endowment-tax, Grad PLUS, Parent PLUS and Workforce Pell figures appear only where the institution is actually exposed; “nationally” compares against all schools that report each signal.
Seeing exposure is step one. Ibex builds AI agents that monitor and act on exactly these pressures, explore an interactive demo. Live demos run real workflows; the rest are working mockups we build to your institution’s data.
Composite of four ratios on a strength-factor scale (−4 weak → 10 strong): below 3 falls short of the threshold for financial health, below 1 signals acute stress, and above 6 is strong. Computed from IPEDS FY2022-23, the most recent finance release (it lags the current year by 2–3 years). Branch campuses that report finances at a parent/system level can show distorted ratios. For informational benchmarking, not a credit rating or financial advice.
Tuition & fees is the largest single source at 30% of revenue.
Where each dollar of revenue comes from, as a share of total positive revenue. Sources are standardized across public (GASB) and private (FASB) reporting; a net investment loss in a down market is shown as 0% and excluded from the mix.
Education is the largest single funder at 91%.
Federal dollars each agency committed to this institution in FY2024, as a share of its total positive obligations (USAspending.gov). Obligations are money committed, not money spent, so this total will not match the audited “Federal awards expended” figure elsewhere on this page. Amounts an agency reclaimed during the year are excluded.
Average annual net price (total cost minus grant and scholarship aid) paid by federal-aid recipients in each family-income band. Lower-income bands often pay less where need-based aid is strong.
42.7% graduate within 6 years (150% of normal time)
25.1% on-time, within 4 years (100%)
Counts only students who entered full-time as first-time freshmen and earned a bachelor's here, the conventional headline rate. Excludes part-time entrants and transfer-ins.
53.4% earned a degree or certificate within 8 years (IPEDS Outcome Measures)
The broader cohort, also counts part-time entrants and transfer-ins, and any credential. More inclusive, so it can run higher than the graduation rate.
Why two numbers? They measure different students over different windows, so they are not directly comparable. The graduation rate is the standard federal headline but tracks only first-time, full-time students through a bachelor's; the all-students completion rate adds the part-time and transfer students it leaves out, over a longer window. Read each for what it covers. Source: U.S. Department of Education, IPEDS Graduation Rates & Outcome Measures, via College Scorecard.
This school is test-optional: applicants may submit SAT or ACT scores, but they are not required. Reported to IPEDS for the most recent admissions cycle. Test policy is a live enrollment lever, so it is shown as the school's stated category rather than a peer rank.
Six-year graduation rate (150% of normal time) for the first-time, full-time bachelor’s cohort, broken out by race and ethnicity and for Pell-grant recipients (College Scorecard). Each bar uses the same measure as the headline graduation rate, so the gaps between groups are directly comparable. School overall: 42%.
Undergraduate enrollment by race and ethnicity, as reported to IPEDS (College Scorecard). “International” denotes nonresident students; “Unknown” means race/ethnicity was not reported.
Annual earnings of working former students measured ten years after they first enrolled (College Scorecard), shown as a range rather than a single number. The middle half of this school’s graduates earn between the 25th- and 75th-percentile figures; the Median bar matches the headline earnings figure. A wider gap means more variation in how graduates fare. Bars are scaled to the highest value shown.
Midwestern State University’s largest fields by completions, with graduate earnings (4 years out) and debt benchmarked against the same field at its peer group. Sparklines show the 8-year completions trend.
| Field | Completions / yr | Median earnings, 4 yrs out | Median debt | Earnings premium | Risk score |
|---|---|---|---|---|---|
| Health Professions & Clinical Sciences | 422 | $84,808 76th pct · 121 peers | $18,715 42th pct · 126 peers | Above benchmark +137% | Low · 15 |
| Multi/Interdisciplinary Studies | 198 | $48,989 19th pct · 58 peers | $21,625 58th pct · 66 peers | Above benchmark +37% | Low · 3 |
| Business, Management & Marketing | 165 | $67,176 64th pct · 140 peers | $22,484 72th pct · 141 peers | Above benchmark +88% | Low · 27 |
| Biological & Biomedical Sciences | 59 | $51,346 28th pct · 126 peers | $24,159 79th pct · 131 peers | Above benchmark +44% | Low · 23 |
| Psychology | 42 | $46,729 36th pct · 135 peers | $22,750 74th pct · 140 peers | Above benchmark +31% | Low · 15 |
| Visual & Performing Arts | 41 | $49,896 89th pct · 108 peers | – | Above benchmark +40% | Low · 14 |
| Communication & Journalism | 27 | $47,651 27th pct · 119 peers | $23,896 78th pct · 122 peers | Above benchmark +33% | Low · 12 |
| Homeland Security, Law Enforcement & Firefighting | 27 | $50,888 24th pct · 100 peers | $23,370 70th pct · 105 peers | Above benchmark +42% | Moderate · 39 |
| Public Administration & Social Service | 27 | $51,901 41th pct · 92 peers | $29,875 96th pct · 94 peers | Above benchmark +45% | Low · 33 |
| Parks, Recreation & Fitness | 23 | $51,917 53th pct · 97 peers | $25,694 85th pct · 103 peers | Above benchmark +45% | Low · 22 |
All 10 top fields shown clear the TX state earnings-premium benchmark (indicative).
Earnings-premium status is an indicative estimate: median graduate earnings four years out vs the TX state median earnings of a high-school graduate (undergraduate credentials) or a bachelor’s-degree holder (graduate credentials) from the U.S. Census Bureau’s American Community Survey (2022 ACS 5-year). The official U.S. Department of Education determination uses its own cohort definition and may differ.
The risk score (0–100) is an indicative blend of earnings-premium margin and the five-year completions trend, higher means a field pays closer to (or below) the benchmark and is shrinking. A directional screen, not an official determination.
Health Professions & Clinical Sciences – 3 CIP programs (4-digit), 3 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Allied Health Diagnostic, Intervention, and Treatment ProfessionsCIP 5109 › | 207 | $83,622 n=254 | – | 93.6% 5yr | $17,064 | 0.20× | Above benchmark +134% | Clears all 2 yrs |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical NursingCIP 5138 › | 197 | $87,009 n=187 | – | 95.4% 5yr | $20,392 | 0.23× | Above benchmark +143% | Clears all 2 yrs |
| Dental Support Services and Allied ProfessionsCIP 5106 › | 18 | $74,347 n=22 | – | 80.8% 5yr | $19,349 | 0.26× | Above benchmark +108% | Clears all 2 yrs |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 3 of 3 majors show an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Multi/Interdisciplinary Studies – 2 CIP programs (4-digit), 1 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Multi/Interdisciplinary Studies, OtherCIP 3099 › | 193 | $48,989 n=198 | – | 50% | $21,625 | 0.44× | Above benchmark +37% | Clears all 2 yrs |
| International/Globalization StudiesCIP 3020 › | 5 | – | – | – | – | – | – | – |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 1 of 2 majors show an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Business, Management & Marketing – 7 CIP programs (4-digit), 5 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Finance and Financial Management ServicesCIP 5208 › | 41 | $84,547 n=26 | – | 89.3% 5yr | $23,661 | 0.28× | Above benchmark +136% | Clears all 2 yrs |
| Business Administration, Management and OperationsCIP 5202 › | 31 | $59,289 n=63 | – | 85% 5yr | $22,775 | 0.38× | Above benchmark +66% | Clears all 2 yrs |
| MarketingCIP 5214 › | 31 | $55,986 n=30 | – | 91.9% 5yr | $24,146 | 0.43× | Above benchmark +57% | Clears all 2 yrs |
| Accounting and Related ServicesCIP 5203 › | 23 | $66,000 n=36 | – | 96.8% 5yr | $24,398 | 0.37× | Above benchmark +85% | Clears all 2 yrs |
| Management Information Systems and ServicesCIP 5212 › | 18 | $61,966 n=17 | – | 86.4% 1yr | $17,215 | 0.28× | Above benchmark +73% | – |
| Business/Commerce, GeneralCIP 5201 › | 11 | – | – | – | $17,214 | – | – | – |
| Business/Managerial EconomicsCIP 5206 › | 10 | – | – | – | – | – | – | – |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 5 of 7 majors show an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Biological & Biomedical Sciences – 2 CIP programs (4-digit), 2 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Biology, GeneralCIP 2601 › | 34 | $52,286 n=28 | – | 81% 5yr | $26,850 | 0.51× | Above benchmark +46% | Clears all 2 yrs |
| Physiology, Pathology and Related SciencesCIP 2609 › | 25 | $50,067 n=26 | – | – | $20,500 | 0.41× | Above benchmark +40% | – |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 2 of 2 majors show an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Psychology – 1 CIP program (4-digit), 1 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Psychology, GeneralCIP 4201 › | 42 | $46,729 n=44 | – | 67.9% 5yr | $22,750 | 0.49× | Above benchmark +31% | Clears all 2 yrs |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 1 of 1 major shows an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Visual & Performing Arts – 3 CIP programs (4-digit), 1 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Fine and Studio ArtsCIP 5007 › | 19 | $49,896 n=16 | – | – | – | – | Above benchmark +40% | Below benchmark 1 of 2 yrs |
| MusicCIP 5009 › | 13 | – | – | – | – | – | – | – |
| Drama/Theatre Arts and StagecraftCIP 5005 › | 9 | – | – | – | – | – | – | – |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 1 of 3 majors show an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Communication & Journalism – 1 CIP program (4-digit), 1 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Communication and Media StudiesCIP 0901 › | 27 | $47,651 n=31 | – | 76% 5yr | $23,896 | 0.50× | Above benchmark +33% | Clears all 2 yrs |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 1 of 1 major shows an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Homeland Security, Law Enforcement & Firefighting – 1 CIP program (4-digit), 1 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Criminal Justice and CorrectionsCIP 4301 › | 27 | $50,888 n=48 | – | 56.2% | $23,370 | 0.46× | Above benchmark +42% | Clears all 2 yrs |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 1 of 1 major shows an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Public Administration & Social Service – 1 CIP program (4-digit), 1 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Social WorkCIP 4407 › | 27 | $51,901 n=23 | – | 76.5% 5yr | $29,875 | 0.58× | Above benchmark +45% | Clears all 2 yrs |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 1 of 1 major shows an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
Parks, Recreation & Fitness – 2 CIP programs (4-digit), 1 with earnings
| Major (CIP 4-digit) | Compl./yr | Earn 4yr | Earn 1yr | % > threshold | Median debt | Debt/earn | Earnings premium | 2 of 3 yrs |
|---|---|---|---|---|---|---|---|---|
| Parks, Recreation, and Leisure StudiesCIP 3101 › | 13 | $51,917 n=18 | – | – | $25,694 | 0.49× | Above benchmark +45% | Below benchmark 1 of 2 yrs |
| Sports, Kinesiology, and Physical Education/FitnessCIP 3105 › | 10 | – | – | – | – | – | – | – |
Major-level earnings, debt and threshold pass-rates are reported by College Scorecard only where enough graduates exist to protect privacy, so 1 of 2 majors show an earnings figure; the rest read “–”. % > threshold is ED’s own share of graduates out-earning the federal earnings threshold (the do-no-harm pass rate), drawn from the best available measurement window (4-, 5- or 1-year) pooled across all nine College Scorecard Field-of-Study releases; a small chip marks any figure not on the 4-year window, and hovering names the cohort size and source release. 2 of 3 yrs flags fields below the earnings-premium benchmark in two of the latest three reported cohort-years, the statutory trigger under the 2025 test (effective July 1, 2026). Indicative; the Department of Education’s official determination may differ. Source: U.S. Department of Education, College Scorecard Field of Study (2014–15 through 2022–23 cohorts + most-recent snapshot), accessed March 2026.
See the interactive dashboard for all fields and credential levels (associate through doctoral). Source: College Scorecard Field of Study.
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Source: U.S. Department of Education, College Scorecard & IPEDS (most recent releases), with the U.S. Census Bureau (ACS), the U.S. Bureau of Labor Statistics (Employment Projections, field-demand outlook) and WICHE (enrollment-cliff projections). Figures lag the current academic year by roughly two to three years. Percentiles and medians are computed within the institution's peer group. Financial Resilience is a transparent composite, see each component above. Compiled by Ibex Insights.
