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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| 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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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $37,230 | $37,079 | $48,351 | $27,000 | 0.73 | |
| $33,000 | $45,416 | — | $28,468 | 0.63 | |
| $32,286 | $42,355 | $42,673 | $38,866 | 0.92 | |
| $35,080 | $39,874 | $46,913 | $27,000 | 0.68 | |
| — | $39,596 | — | $27,562 | 0.70 | |
| $8,250 | $38,376 | $45,048 | $26,000 | 0.68 | |
| 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 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.