Analysis
Starting at under $26,000 annually puts Converse's psychology graduates at a significant disadvantage—they're earning just 82% of what the typical psychology graduate in South Carolina makes. While the program sits squarely at the state median for debt, the combination means graduates face a challenging first year with debt exceeding their entire annual salary.
The 53% earnings jump to nearly $40,000 by year four offers meaningful improvement, eventually surpassing both state and national medians. This growth trajectory suggests graduates may struggle through those early years but find better footing as they gain experience or pursue graduate education. Still, the program ranks in just the 5th percentile nationally—meaning 95% of psychology programs elsewhere produce higher-earning graduates, even if it performs closer to average within South Carolina's market.
For families considering this $27,000 investment, understand that your child will likely face financial strain immediately after graduation. If they're committed to psychology and plan to stay in South Carolina, Converse provides a pathway to eventual solid earnings. But if they're open to other fields or institutions, programs like Charleston Southern or Wofford produce graduates earning $9,000-$10,000 more right out of the gate with similar debt loads—a difference that matters enormously when making those first loan payments.
Where Converse University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Converse University 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 |
|---|---|---|---|
| Converse University | $25,879 | $39,597 | +53% |
| Clemson University | $32,146 | $46,792 | +46% |
| College of Charleston | $29,339 | $43,319 | +48% |
| University of South Carolina Beaufort | $25,523 | $42,239 | +65% |
| Presbyterian College | $23,510 | $42,022 | +79% |
Compare to Similar Programs in South Carolina
Psychology bachelors's programs at peer institutions in South Carolina (29 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $23,096 | $25,879 | $39,597 | $27,000 | 1.04 | |
| $31,030 | $35,364 | $37,652 | $27,000 | 0.76 | |
| $54,100 | $34,429 | — | $25,763 | 0.75 | |
| $24,650 | $34,044 | $32,086 | $23,250 | 0.68 | |
| $15,554 | $32,146 | $46,792 | $22,687 | 0.71 | |
| $10,760 | $31,121 | $38,907 | $27,000 | 0.87 | |
| 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 Converse University, approximately 41% 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 39 graduates with reported earnings and 49 graduates with debt data. Small samples may not be representative.