Median Earnings (1yr)
$31,305
49th percentile (40th in IN)
Median Debt
$24,612
3% below national median
Debt-to-Earnings
0.79
Manageable
Sample Size
138
Adequate data

Analysis

Ball State's psychology program starts graduates at $31,305, which lands right at the national median but trails the Indiana average by nearly $2,000. However, the real story here is momentum: earnings jump 30% to over $40,500 by year four, suggesting these graduates are successfully translating their degree into career advancement. With robust sample size backing these numbers, this isn't a fluke—Ball State psychology grads appear to gain traction in the job market over time.

The debt picture is reasonable at $24,612, coming in below both state and national medians. That 0.79 debt-to-earnings ratio means graduates owe less than a year's starting salary, which is manageable territory for a bachelor's degree. The combination of below-average debt and solid earnings growth creates breathing room for early-career development, even if initial paychecks feel tight.

The bottom line: Ball State won't deliver the $37,000 starting salaries that Indiana's top programs achieve, but the trajectory matters more than the starting point here. If your child is willing to work through a modest first year or two while building experience, the upward curve suggests this degree can pay off. Just don't expect immediate high earnings—the value here unfolds over time.

Where Ball State University Stands

Earnings vs. debt across all psychology bachelors's programs nationally

Ball State UniversityOther psychology programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Ball State University graduates compare to all programs nationally

Ball State University graduates earn $31k, placing them in the 49th percentile of all psychology bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Indiana

Psychology bachelors's programs at peer institutions in Indiana (44 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Ball State University$31,305$40,584$24,6120.79
Trine University-Regional/Non-Traditional Campuses$37,096$39,713$27,0000.73
Trine University$37,096$39,713$27,0000.73
Indiana Institute of Technology-College of Professional Studies$36,111$33,6110.93
Indiana Institute of Technology$36,111$33,6110.93
Indiana State University$35,742$37,358$27,0000.76
National Median$31,482$25,5000.81

Other Psychology Programs in Indiana

Compare tuition, earnings, and debt across Indiana schools

SchoolIn-State TuitionEarnings (1yr)Debt
Trine University-Regional/Non-Traditional Campuses
Angola
$9,576$37,096$27,000
Trine University
Angola
$35,600$37,096$27,000
Indiana Institute of Technology-College of Professional Studies
Fort Wayne
$9,900$36,111$33,611
Indiana Institute of Technology
Fort Wayne
$30,446$36,111$33,611
Indiana State University
Terre Haute
$9,992$35,742$27,000

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 Ball State University, approximately 34% 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 138 graduates with reported earnings and 188 graduates with debt data. Small samples may not be representative.