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
Earnings Distribution
How Ball 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 |
|---|---|---|---|
| Ball State University | $31,305 | $40,584 | +30% |
| University of Indianapolis | $32,237 | $56,992 | +77% |
| Taylor University | $30,311 | $53,764 | +77% |
| Saint Mary's College | $32,213 | $47,897 | +49% |
| Indiana University-Bloomington | $33,810 | $47,627 | +41% |
Compare to Similar Programs in Indiana
Psychology bachelors's programs at peer institutions in Indiana (44 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,758 | $31,305 | $40,584 | $24,612 | 0.79 | |
| $9,576 | $37,096 | $39,713 | $27,000 | 0.73 | |
| $35,600 | $37,096 | $39,713 | $27,000 | 0.73 | |
| $9,900 | $36,111 | — | $33,611 | 0.93 | |
| $30,446 | $36,111 | — | $33,611 | 0.93 | |
| $9,992 | $35,742 | $37,358 | $27,000 | 0.76 | |
| 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 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.