Analysis
Bethel's psychology program graduates earn considerably less than the typical Minnesota psychology graduate—$31,060 versus a state median of $36,243. That gap of over $5,000 places this program in the 40th percentile statewide, meaning six out of ten Minnesota psychology programs deliver better starting salaries. For comparison, nearby competitors like College of Saint Benedict and Metro State produce graduates earning $40,000+, roughly $9,000 more annually.
The debt burden is manageable at $21,500, coming in below both state and national medians, which helps offset the lower earnings. With a debt-to-earnings ratio of 0.69, graduates should be able to handle their loan payments, though it won't be easy in the first year. Earnings do improve over time—rising 21% to $37,504 by year four—but that still trails the state median substantially.
The critical caveat: this data comes from fewer than 30 graduates, making these numbers less reliable than programs with larger sample sizes. That small cohort could mean these figures don't represent typical outcomes. Given the below-average earnings compared to other Minnesota options and the data uncertainty, parents should investigate whether Bethel offers specific advantages (advising, internships, graduate school placement) that might justify choosing it over higher-earning state alternatives. The debt level won't sink your child financially, but the earnings gap is real.
Where Bethel University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Bethel 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 |
|---|---|---|---|
| Bethel University | $31,060 | $37,504 | +21% |
| Gustavus Adolphus College | $33,174 | $53,981 | +63% |
| University of St Thomas | $38,396 | $51,174 | +33% |
| The College of Saint Scholastica | $31,367 | $50,740 | +62% |
| Concordia University-Saint Paul | $36,243 | $49,552 | +37% |
Compare to Similar Programs in Minnesota
Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $42,930 | $31,060 | $37,504 | $21,500 | 0.69 | |
| $53,884 | $41,029 | $45,302 | $27,000 | 0.66 | |
| $9,780 | $40,958 | $44,425 | $30,155 | 0.74 | |
| $14,436 | $39,764 | $43,554 | $40,816 | 1.03 | |
| $14,318 | $38,543 | $45,061 | $24,225 | 0.63 | |
| $52,284 | $38,396 | $51,174 | $27,000 | 0.70 | |
| 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 Bethel University, approximately 19% 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 25 graduates with reported earnings and 43 graduates with debt data. Small samples may not be representative.