Median Earnings (1yr)
$37,079
90th percentile (60th in WI)
Median Debt
$27,000
6% above national median
Debt-to-Earnings
0.73
Manageable
Sample Size
44
Adequate data

Analysis

Carroll University's psychology program carries a premium price tag—$27,000 in median debt versus $26,000 statewide—but graduates consistently outpace national benchmarks. Starting at $37,079, these graduates earn nearly $6,000 more than the typical psychology bachelor's holder nationally, placing them in the 90th percentile. Within Wisconsin, however, the picture is more competitive: Carroll ranks around the 60th percentile statewide, with several programs delivering stronger first-year outcomes.

The encouraging part is the earnings trajectory. Four years out, median pay reaches $48,351—a 30% increase that suggests solid career progression. The debt load, while slightly above state norms, remains manageable at 73% of first-year earnings, well below the typical 1:1 ratio that signals financial strain.

For families weighing this choice, understand you're paying slightly more than Wisconsin's median psychology program while landing in the middle of the state's pack for outcomes. If your student is drawn to Carroll's campus environment or specific faculty, this program won't burden them with dangerous debt levels. But if maximizing early earnings is the priority, programs like Marian or Lakeland deliver stronger returns on similar investments. Carroll works as a solid choice for psychology—just not necessarily the value leader in Wisconsin.

Where Carroll University Stands

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

Carroll 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 Carroll University graduates compare to all programs nationally

Carroll University graduates earn $37k, placing them in the 90th 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 Wisconsin

Psychology bachelors's programs at peer institutions in Wisconsin (30 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carroll University$37,079$48,351$27,0000.73
Marian University$45,416—$28,4680.63
Lakeland University$42,355$42,673$38,8660.92
Wisconsin Lutheran College$39,874$46,913$27,0000.68
Ottawa University-Milwaukee$39,596—$27,5620.70
University of Wisconsin-Whitewater$38,376$45,048$26,0000.68
National Median$31,482—$25,5000.81

Other Psychology Programs in Wisconsin

Compare tuition, earnings, and debt across Wisconsin schools

SchoolIn-State TuitionEarnings (1yr)Debt
Marian University
Fond Du Lac
$33,000$45,416$28,468
Lakeland University
Plymouth
$32,286$42,355$38,866
Wisconsin Lutheran College
Milwaukee
$35,080$39,874$27,000
Ottawa University-Milwaukee
Brookfield
—$39,596$27,562
University of Wisconsin-Whitewater
Whitewater
$8,250$38,376$26,000

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 Carroll University, approximately 22% 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 44 graduates with reported earnings and 80 graduates with debt data. Small samples may not be representative.