Analysis
Coe College's psychology graduates earn $37,072 in their first year—about $6,000 more than the national median for psychology majors. That 90th percentile national ranking sounds impressive, but the Iowa context reveals a more complicated picture: this sits near the state median, with several other Iowa schools producing graduates who earn $4,000-$5,000 more annually. The relatively modest debt load of $27,000 keeps this manageable, with graduates owing roughly 9 months of earnings.
The real concern is what happens after year one. Earnings essentially flatline at $37,384 by year four—just a 1% increase over three years. For a private liberal arts college charging premium tuition, parents should expect clearer career trajectory and earning potential, especially when Upper Iowa and Waldorf graduates start $5,000 higher right out of the gate.
This works financially—the debt burden isn't crushing—but it's worth asking whether Coe's tuition premium delivers enough value over more affordable in-state options. If your child is drawn to Coe's campus culture or specific faculty, the numbers support that choice. But if maximizing psychology career earnings is the priority, other Iowa programs appear to offer better launching points.
Where Coe College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Coe College 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 |
|---|---|---|---|
| Coe College | $37,072 | $37,384 | +1% |
| Loras College | $23,564 | $48,256 | +105% |
| Saint Ambrose University | $32,627 | $46,127 | +41% |
| Luther College | $30,302 | $46,087 | +52% |
| Waldorf University | $41,193 | $45,304 | +10% |
Compare to Similar Programs in Iowa
Psychology bachelors's programs at peer institutions in Iowa (27 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $52,576 | $37,072 | $37,384 | $27,000 | 0.73 | |
| $19,000 | $42,183 | $40,524 | $41,478 | 0.98 | |
| $25,220 | $41,193 | $45,304 | $29,136 | 0.71 | |
| $40,190 | $35,559 | $34,524 | $32,500 | 0.91 | |
| $28,750 | $35,122 | — | $27,443 | 0.78 | |
| $33,450 | $34,709 | $39,150 | $28,200 | 0.81 | |
| 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 Coe College, approximately 36% 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 40 graduates with reported earnings and 53 graduates with debt data. Small samples may not be representative.