Analysis
Austin Peay's psychology program delivers middling results that fall short of both national standards and what many Tennessee schools achieve. Starting at $28,705—below both the national and state medians—graduates land in the bottom third nationally, though they perform closer to average among Tennessee programs (40th percentile). While some might find comfort in the relatively manageable $25,000 debt load, the low initial earnings make even this moderate debt significant, requiring nearly a full year's salary to repay.
The 17% earnings growth to $33,656 by year four offers modest improvement but doesn't fundamentally change the picture. Compare this to what's achievable at other Tennessee schools: Rhodes graduates start at $37,563, and even Middle Tennessee State—another public university—produces median earnings of $32,433. These aren't elite private schools with prohibitive price tags; they're realistic alternatives that deliver substantially better outcomes.
For families considering this program, the math is straightforward: you're looking at below-average starting pay with debt that takes nearly a year to repay, while accessible alternatives in Tennessee consistently deliver $4,000-$9,000 more in starting salary. Unless there are compelling personal reasons to attend Austin Peay specifically—location, specific faculty, or unique circumstances—psychology students have better options within the state that offer meaningfully stronger returns on the same four-year investment.
Where Austin Peay State University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Austin Peay State University 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 |
|---|---|---|---|
| Austin Peay State University | $28,705 | $33,656 | +17% |
| Vanderbilt University | $36,716 | $54,652 | +49% |
| Rhodes College | $37,563 | $53,414 | +42% |
| The University of the South | $35,379 | $45,835 | +30% |
| The University of Tennessee-Chattanooga | $30,984 | $39,041 | +26% |
Compare to Similar Programs in Tennessee
Psychology bachelors's programs at peer institutions in Tennessee (34 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $8,675 | $28,705 | $33,656 | $25,000 | 0.87 | |
| $54,892 | $37,563 | $53,414 | $24,589 | 0.65 | |
| $29,790 | $37,019 | — | $21,375 | 0.58 | |
| $63,946 | $36,716 | $54,652 | $11,209 | 0.31 | |
| $53,698 | $35,379 | $45,835 | $17,148 | 0.48 | |
| $9,506 | $32,433 | $35,287 | $22,000 | 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 Austin Peay State University, approximately 46% 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 76 graduates with reported earnings and 120 graduates with debt data. Small samples may not be representative.