Analysis
Holy Cross psychology graduates earn substantially more than typical psychology majors nationwide—ranking in the 95th percentile—but lag behind the top Massachusetts programs. That first-year median of $41,099 beats the national benchmark by nearly $10,000, though it trails schools like Bentley ($62,218) and Boston College ($44,760). Within Massachusetts specifically, Holy Cross sits at the 60th percentile, meaning four out of ten Bay State programs produce higher earnings despite Holy Cross's selective 21% admission rate and strong academic profile.
The financial picture improves considerably over time. Earnings jump 37% to reach $56,085 by year four, and the relatively modest $27,000 debt load (below the national median) creates a manageable debt-to-earnings ratio of 0.66. This matters because many psychology graduates struggle with debt burdens that exceed their first-year income—a problem Holy Cross avoids.
For parents weighing a premium liberal arts education, Holy Cross delivers solid value compared to psychology programs nationally, but perhaps not compared to other selective Massachusetts schools. If your child is choosing between Holy Cross and a state university, the earnings premium justifies the investment. If they're deciding between Holy Cross and Boston College for psychology specifically, the numbers favor BC. The strong earnings growth suggests Holy Cross's network and credential open doors over time, even if starting salaries don't match the institution's competitive positioning.
Where College of the Holy Cross Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How College of the Holy Cross 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 the Holy Cross | $41,099 | $56,085 | +36% |
| Boston College | $44,760 | $59,196 | +32% |
| Williams College | $43,943 | $57,158 | +30% |
| University of Massachusetts-Amherst | $32,223 | $53,442 | +66% |
| Assumption University | $38,697 | $52,623 | +36% |
Compare to Similar Programs in Massachusetts
Psychology bachelors's programs at peer institutions in Massachusetts (52 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $60,850 | $41,099 | $56,085 | $27,000 | 0.66 | |
| $58,150 | $62,218 | — | $25,494 | 0.41 | |
| $67,680 | $44,760 | $59,196 | $18,000 | 0.40 | |
| $64,860 | $43,943 | $57,158 | $13,416 | 0.31 | |
| $39,212 | $43,646 | $50,853 | $27,000 | 0.62 | |
| $42,970 | $40,467 | $45,920 | $27,000 | 0.67 | |
| 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 the Holy Cross, approximately 15% 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 110 graduates with reported earnings and 126 graduates with debt data. Small samples may not be representative.