Median Earnings (1yr)
$37,079
90th percentile
60th percentile in Wisconsin
Median Debt
$27,000
6% above national median

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

Earnings Distribution

How Carroll University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Carroll University$37,079$48,351+30%
University of Wisconsin-Madison$31,985$52,087+63%
Marquette University$35,076$50,539+44%
Carthage College$27,741$49,688+79%
University of Wisconsin-La Crosse$31,327$47,929+53%

Compare to Similar Programs in Wisconsin

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

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carroll UniversityWaukesha$37,230$37,079$48,351$27,0000.73
Marian UniversityFond Du Lac$33,000$45,416$28,4680.63
Lakeland UniversityPlymouth$32,286$42,355$42,673$38,8660.92
Wisconsin Lutheran CollegeMilwaukee$35,080$39,874$46,913$27,0000.68
Ottawa University-MilwaukeeBrookfield$39,596$27,5620.70
University of Wisconsin-WhitewaterWhitewater$8,250$38,376$45,048$26,0000.68
National Median$31,482$25,5000.81

Career Paths

Occupations commonly associated with psychology graduates

Industrial-Organizational Psychologists

Apply principles of psychology to human resources, administration, management, sales, and marketing problems. Activities may include policy planning; employee testing and selection, training, and development; and organizational development and analysis. May work with management to organize the work setting to improve worker productivity.

$94,310/yrJobs growth:

Clinical and Counseling Psychologists

Assess, diagnose, and treat mental and emotional disorders of individuals through observation, interview, and psychological tests. Help individuals with distress or maladjustment understand their problems through their knowledge of case history, interviews with patients, and theory. Provide individual or group counseling services to assist individuals in achieving more effective personal, social, educational, and vocational development and adjustment. May design behavior modification programs and consult with medical personnel regarding the best treatment for patients.

$94,310/yrJobs growth:

Psychologists, All Other

All psychologists not listed separately.

$94,310/yrJobs growth:

Neuropsychologists

Apply theories and principles of neuropsychology to evaluate and diagnose disorders of higher cerebral functioning, often in research and medical settings. Study the human brain and the effect of physiological states on human cognition and behavior. May formulate and administer programs of treatment.

$94,310/yrJobs growth:

Clinical Neuropsychologists

Assess and diagnose patients with neurobehavioral problems related to acquired or developmental disorders of the nervous system, such as neurodegenerative disorders, traumatic brain injury, seizure disorders, and learning disabilities. Recommend treatment after diagnosis, such as therapy, medication, or surgery. Assist with evaluation before and after neurosurgical procedures, such as deep brain stimulation.

$94,310/yrJobs growth:

Psychology Teachers, Postsecondary

Teach courses in psychology, such as child, clinical, and developmental psychology, and psychological counseling. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Managers, All Other

All managers not listed separately.

Loss Prevention Managers

Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.

Social Science Research Assistants

Assist social scientists in laboratory, survey, and other social science research. May help prepare findings for publication and assist in laboratory analysis, quality control, or data management.

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.