Analysis
Benedictine's psychology program demonstrates something relatively uncommon in this field: meaningful income growth over the first four years post-graduation. While the starting salary of $32,314 isn't remarkable, graduates see a 41% increase to $45,546 by year four—suggesting they're successfully transitioning beyond entry-level positions. The $27,000 debt load is actually below the national average for psychology programs, creating a manageable debt-to-earnings ratio that improves considerably as incomes rise.
Within Illinois, this program performs solidly, ranking in the 60th percentile among the state's 52 psychology programs. That means graduates earn more than most of their Illinois peers, despite a first-year salary that looks modest on paper. The admission rate of 77% and substantial Pell grant enrollment (39%) indicate Benedictine serves a broad student population, yet still produces earnings outcomes that exceed typical psychology program results.
The key question is whether your student has the patience and career strategy for that four-year growth trajectory to materialize. Unlike fields with clearer paths to six-figure salaries, psychology bachelor's degrees typically require intentionality about graduate school or specific career pivots. If your child views the bachelor's as a stepping stone rather than a terminal degree, the combination of reasonable debt and demonstrated earning progression makes this a defensible choice—particularly compared to pricier private alternatives that don't show better outcomes.
Where Benedictine University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Benedictine 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 |
|---|---|---|---|
| Benedictine University | $32,314 | $45,546 | +41% |
| Northwestern University | $44,088 | $61,389 | +39% |
| Loyola University Chicago | $32,463 | $52,586 | +62% |
| Augustana College | $29,801 | $50,244 | +69% |
| Illinois State University | $32,104 | $49,195 | +53% |
Compare to Similar Programs in Illinois
Psychology bachelors's programs at peer institutions in Illinois (52 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $34,290 | $32,314 | $45,546 | $27,000 | 0.84 | |
| $65,997 | $44,088 | $61,389 | $14,500 | 0.33 | |
| $13,288 | $42,911 | — | $5,050 | 0.12 | |
| $12,320 | $39,980 | — | $24,562 | 0.61 | |
| $20,844 | $39,596 | — | $40,645 | 1.03 | |
| $12,345 | $35,798 | — | $37,170 | 1.04 | |
| 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 Benedictine University, approximately 39% 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 116 graduates with debt data. Small samples may not be representative.