Median Earnings (1yr)
$27,741
21st percentile (25th in WI)
Median Debt
$23,250
9% below national median
Debt-to-Earnings
0.84
Manageable
Sample Size
33
Adequate data

Analysis

Carthage's psychology program faces a challenging first year, with graduates earning just $27,741—well below both the national median ($31,482) and Wisconsin's state median ($35,139). This puts the program in the bottom quartile among Wisconsin psychology programs, and students here are earning roughly $7,400 less than their peers at nearby UW-Whitewater.

The program does show impressive earnings growth, jumping 79% to nearly $50,000 by year four. However, that initial earnings gap creates practical problems: the $23,250 debt burden, while slightly below state averages, represents 84% of first-year earnings. For comparison, students at Wisconsin Lutheran or Lakeland start with significantly higher salaries, making the same debt more manageable from day one. The moderate sample size (30-100 graduates) provides reasonable confidence in these numbers.

The question for your family is whether you can weather that difficult first year. If your child needs to start repaying loans immediately or contribute to household expenses, that $27,741 salary will be tight. Students who can rely on family support or who plan to pursue graduate school might find the later earnings growth encouraging, but be aware that Carthage's psychology graduates are starting their careers at a notable disadvantage compared to other Wisconsin options.

Where Carthage College Stands

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

Carthage CollegeOther 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 Carthage College graduates compare to all programs nationally

Carthage College graduates earn $28k, placing them in the 21th 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
Carthage College$27,741$49,688$23,2500.84
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 Carthage College, approximately 26% 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 33 graduates with reported earnings and 60 graduates with debt data. Small samples may not be representative.