Analysis
Allegheny's psychology graduates earn $35,218 in their first year—placing them in the 79th percentile nationally but closer to the middle of the pack within Pennsylvania, where they're in the 60th percentile. That's a meaningful distinction: while they're doing well compared to psychology programs nationwide, Pennsylvania has several stronger alternatives. Bucknell and Gettysburg graduates earn nearly 50% more, and even mid-tier options like Drexel consistently produce higher outcomes. The $27,000 median debt is reasonable—matching the Pennsylvania median and below the national average—but given Allegheny's $70,000+ annual cost of attendance, the relatively modest earnings suggest many students may be taking on private debt or family resources beyond what federal loans show.
The positive story here is genuine earnings growth: the 26% increase from year one to year four demonstrates graduates aren't stuck in entry-level positions. By year four, that $44,252 salary makes the debt manageable with a debt-to-earnings ratio around 0.61. For families comfortable with Allegheny's price tag and committed to the liberal arts experience, these outcomes are defensible—graduates clearly develop skills that translate to career progression.
For families watching costs closely, though, Pennsylvania's public universities or higher-performing private options deserve serious consideration. Allegheny delivers solid results, but not exceptional ones given the investment required.
Where Allegheny College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Allegheny College graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Allegheny College | $35,218 | $44,252 | +26% |
| Dickinson College | $37,227 | $62,695 | +68% |
| Lafayette College | $36,235 | $60,657 | +67% |
| Lehigh University | $40,942 | $60,072 | +47% |
| Villanova University | $35,462 | $57,566 | +62% |
Compare to Similar Programs in Pennsylvania
Psychology bachelors's programs at peer institutions in Pennsylvania (83 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $54,960 | $35,218 | $44,252 | $27,000 | 0.77 | |
| $64,772 | $51,645 | $50,805 | $27,000 | 0.52 | |
| $64,230 | $50,040 | $50,611 | $27,000 | 0.54 | |
| $62,180 | $40,942 | $60,072 | $21,160 | 0.52 | |
| $60,663 | $39,866 | $51,752 | $30,000 | 0.75 | |
| $42,600 | $39,818 | $33,268 | $27,000 | 0.68 | |
| National Median | — | $31,482 | — | $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 Allegheny College, approximately 25% 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 51 graduates with reported earnings and 78 graduates with debt data. Small samples may not be representative.