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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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $50,550 | $26,636 | — | $27,000 | 1.01 | |
| $27,850 | $40,262 | $39,085 | $31,750 | 0.79 | |
| $9,875 | $36,913 | $35,801 | $21,750 | 0.59 | |
| $10,896 | $36,209 | $35,440 | $26,088 | 0.72 | |
| $42,010 | $33,921 | $43,886 | $27,000 | 0.80 | |
| $26,990 | $31,478 | — | $23,250 | 0.74 | |
| 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 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.