Median Earnings (1yr)
$28,217
23rd percentile (40th in TN)
Median Debt
$25,250
1% below national median
Debt-to-Earnings
0.89
Manageable
Sample Size
21
Limited data

Analysis

Carson-Newman psychology graduates earn about $28,200 in their first year—roughly $3,000 below the national median and $900 below Tennessee's typical outcome for this major. While that 40th percentile state ranking sounds middling, the gap becomes starker when you see that Tennessee's top programs produce graduates earning $35,000-$37,000 annually. Even Middle Tennessee State, a public university, delivers outcomes 15% stronger than Carson-Newman.

The debt load of $25,250 nearly matches the first year's salary, though it's fairly typical for psychology programs both nationally and within Tennessee. The real concern is whether these earnings grow substantially over time—psychology bachelor's degrees often require graduate school for higher-paying positions, which means additional years of education and debt before seeing significant income gains.

The small sample size here (under 30 graduates) warrants real caution. A few graduates pursuing immediate grad school or facing unusual circumstances could skew these numbers considerably. For families considering Carson-Newman, it's worth asking the department directly about graduate school placement rates and career trajectories beyond that first year. At this price point, you'd want confidence that typical graduates either see meaningful salary growth quickly or successfully transition into advanced degrees that justify the initial investment.

Where Carson-Newman University Stands

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

Carson-Newman 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 Carson-Newman University graduates compare to all programs nationally

Carson-Newman University graduates earn $28k, placing them in the 23th percentile of all psychology bachelors programs nationally.

Compare to Similar Programs in Tennessee

Psychology bachelors's programs at peer institutions in Tennessee (34 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carson-Newman University$28,217—$25,2500.89
Rhodes College$37,563$53,414$24,5890.65
Trevecca Nazarene University$37,019—$21,3750.58
Vanderbilt University$36,716$54,652$11,2090.31
The University of the South$35,379$45,835$17,1480.48
Middle Tennessee State University$32,433$35,287$22,0000.68
National Median$31,482—$25,5000.81

Other Psychology Programs in Tennessee

Compare tuition, earnings, and debt across Tennessee schools

SchoolIn-State TuitionEarnings (1yr)Debt
Rhodes College
Memphis
$54,892$37,563$24,589
Trevecca Nazarene University
Nashville
$29,790$37,019$21,375
Vanderbilt University
Nashville
$63,946$36,716$11,209
The University of the South
Sewanee
$53,698$35,379$17,148
Middle Tennessee State University
Murfreesboro
$9,506$32,433$22,000

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 Carson-Newman 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 21 graduates with reported earnings and 35 graduates with debt data. Small samples may not be representative.