Analysis
Wisconsin psychology programs show a striking range—from Marian's $45,000 graduates to programs closer to $35,000—and Alverno's estimated first-year earnings of $35,139 place this program near the state median. That's roughly on par with the national benchmark for psychology bachelor's degrees, though several Wisconsin schools report substantially higher outcomes for their graduates.
The debt load tells a more encouraging story. At $31,250, Alverno graduates carry about $5,000 more than the typical Wisconsin psychology program but still land in the 5th percentile nationally—meaning 95% of similar programs burden students with more debt. The four-year earnings figure of $39,795 suggests steady income growth after that first year, which helps the debt become more manageable over time. Nearly half of Alverno's students receive Pell grants, indicating the school serves many first-generation and lower-income students who might not have access to family support for debt repayment.
The practical question: can your child service $31,250 in loans on psychology-level earnings? Based on comparable Wisconsin programs, the answer leans toward yes, especially with income climbing to nearly $40,000 by year four. However, those top-performing Wisconsin programs demonstrate that location and institutional factors matter significantly in this field—a $10,000 earnings gap is the difference between comfortable and tight budgets when repaying student loans.
Where Alverno College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Alverno College | — | $39,795 | — |
| University of Wisconsin-Madison | $31,985 | $52,087 | +63% |
| Marquette University | $35,076 | $50,539 | +44% |
| Carthage College | $27,741 | $49,688 | +79% |
| Carroll University | $37,079 | $48,351 | +30% |
Compare to Similar Programs in Wisconsin
Psychology bachelors's programs at peer institutions in Wisconsin (30 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $32,794 | $35,139* | $39,795 | $31,250 | — | |
| $33,000 | $45,416* | — | $28,468 | 0.63 | |
| $32,286 | $42,355* | $42,673 | $38,866 | 0.92 | |
| $35,080 | $39,874* | $46,913 | $27,000 | 0.68 | |
| — | $39,596* | — | $27,562 | 0.70 | |
| $8,250 | $38,376* | $45,048 | $26,000 | 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 Alverno College, approximately 49% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 23 similar programs in WI. Actual outcomes may vary.