Median Earnings (1yr)
$26,636
14th percentile
40th percentile in Kentucky
Median Debt
$27,000
6% above national median

Analysis

Centre College's selective admissions and high SAT scores might suggest strong outcomes, but their psychology graduates earn just $26,636 one year out—landing in the 14th percentile nationally and 40th within Kentucky. That's $5,000 below the state median and $2,000 below even Campbellsville University. For context, other Kentucky psychology programs like Spalding ($40,262) and University of the Cumberlands ($36,913) produce earnings 40-50% higher, suggesting Centre students aren't benefiting proportionately from the school's academic profile.

The debt load of $27,000 roughly matches first-year earnings, creating a 1:1 ratio that's manageable in theory but problematic when earnings start this low. Psychology graduates typically need graduate credentials for meaningful career advancement, meaning these students face either years of modest income or additional borrowing. The small sample size (under 30 graduates) adds uncertainty—this could be a statistical fluke from a few graduates pursuing immediate graduate school rather than employment—but parents shouldn't ignore that Centre ranks in the bottom 15% nationally for this major.

If your child is set on psychology at a selective Kentucky school, examine whether Centre's liberal arts environment justifies earnings that trail peer institutions by $7,000-14,000 annually. That gap compounds quickly, especially if graduate school is on the horizon.

Where Centre College Stands

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

Earnings Distribution

How Centre College graduates compare to all programs nationally

Compare to Similar Programs in Kentucky

Psychology bachelors's programs at peer institutions in Kentucky (24 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Centre CollegeDanville$50,550$26,636$27,0001.01
Spalding UniversityLouisville$27,850$40,262$39,085$31,7500.79
University of the CumberlandsWilliamsburg$9,875$36,913$35,801$21,7500.59
Northern Kentucky UniversityHighland Heights$10,896$36,209$35,440$26,0880.72
Georgetown CollegeGeorgetown$42,010$33,921$43,886$27,0000.80
Campbellsville UniversityCampbellsville$26,990$31,478$23,2500.74
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 Centre College, approximately 21% 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 20 graduates with reported earnings and 26 graduates with debt data. Small samples may not be representative.