Analysis
At $23,388 starting salary, Alcorn State's psychology program lands graduates below Mississippi's already-low state median of $24,592βand dramatically behind the national benchmark of $31,482. While the debt load of $27,563 isn't outrageous, it exceeds that first-year salary, creating immediate financial strain for graduates from an institution where three-quarters of students receive Pell grants and likely have minimal family resources to cushion rough starts.
The state context matters here: this program ranks at the 40th percentile among Mississippi's 13 psychology programs, trailing Ole Miss by nearly $7,000 annually and even falling short of Jackson State, another HBCU in the state. Every top-ranked Mississippi program delivers substantially higher starting salaries. The combination of below-state-median earnings and above-median debt suggests structural challenges with this program's outcomes.
Important caveat: the sample size is quite small (under 30 graduates), so these numbers could shift significantly with more data. However, the pattern of earnings ranking in just the 5th percentile nationally while debt sits at the 19th percentile (meaning most programs have higher debt) indicates students are taking on standard loans for dramatically below-standard outcomes. Unless your child has specific ties to Alcorn State or compelling reasons to attend, the financial trajectory suggests looking at Mississippi's public flagships or even considering an entirely different major if remaining at this institution.
Where Alcorn State University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Alcorn State University graduates compare to all programs nationally
Compare to Similar Programs in Mississippi
Psychology bachelors's programs at peer institutions in Mississippi (13 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $8,549 | $23,388 | β | $27,563 | 1.18 | |
| $9,412 | $30,336 | $44,740 | $24,600 | 0.81 | |
| $9,618 | $28,130 | $32,661 | $22,685 | 0.81 | |
| $9,815 | $27,416 | $37,133 | $25,480 | 0.93 | |
| $19,280 | $26,257 | β | $25,250 | 0.96 | |
| $9,090 | $24,757 | $34,357 | $31,000 | 1.25 | |
| National Median | β | $31,482 | β | $25,500 | 0.81 |
Career Paths
Occupations commonly associated with psychology graduates
Industrial-Organizational Psychologists
Clinical and Counseling Psychologists
Psychologists, All Other
Neuropsychologists
Clinical Neuropsychologists
Psychology Teachers, Postsecondary
Managers, All Other
Loss Prevention Managers
Social Science Research Assistants
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Alcorn State University, approximately 77% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 27 graduates with reported earnings and 44 graduates with debt data. Small samples may not be representative.