Analysis
College of Saint Benedict's psychology graduates earn substantially more than their peers—$41,029 in the first year puts them in the 95th percentile nationally, nearly $10,000 above the typical psychology graduate. That's a significant premium for what's essentially an open-admission school. However, zoom into Minnesota specifically, and the picture shifts: they're at the 60th percentile statewide, trailing programs like Metropolitan State and Capella by several thousand dollars. The $27,000 median debt sits right at typical levels for the program.
The value proposition here depends on geography. If your child plans to stay in Minnesota, they'll be competing against psychology graduates from other local programs who often paid less and sometimes earn more. The 0.66 debt-to-earnings ratio is reasonable—graduates carry about eight months of their first-year salary in debt—but it's not dramatically better than state alternatives. The 10% earnings growth to $45,302 by year four follows a normal progression without exceptional momentum.
For families considering Saint Benedict, the appeal likely extends beyond pure earnings metrics—the residential liberal arts experience, small classes, and campus community. The outcomes are solid, particularly compared to psychology programs nationally. Just understand you're not paying for a career advantage so much as the full college experience package, and your child will need to be strategic about career development to maximize the degree's value in Minnesota's competitive market.
Where College of Saint Benedict Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How College of Saint Benedict 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 |
|---|---|---|---|
| College of Saint Benedict | $41,029 | $45,302 | +10% |
| Gustavus Adolphus College | $33,174 | $53,981 | +63% |
| University of St Thomas | $38,396 | $51,174 | +33% |
| The College of Saint Scholastica | $31,367 | $50,740 | +62% |
| Concordia University-Saint Paul | $36,243 | $49,552 | +37% |
Compare to Similar Programs in Minnesota
Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $53,884 | $41,029 | $45,302 | $27,000 | 0.66 | |
| $9,780 | $40,958 | $44,425 | $30,155 | 0.74 | |
| $14,436 | $39,764 | $43,554 | $40,816 | 1.03 | |
| $14,318 | $38,543 | $45,061 | $24,225 | 0.63 | |
| $52,284 | $38,396 | $51,174 | $27,000 | 0.70 | |
| $12,498 | $37,944 | $41,079 | $52,781 | 1.39 | |
| 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 College of Saint Benedict, approximately 19% 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 46 graduates with reported earnings and 71 graduates with debt data. Small samples may not be representative.