Median Earnings (1yr)
$28,180
23rd percentile
60th percentile in Georgia
Median Debt
$27,000
6% above national median

Analysis

Covenant College's psychology program lands right at Georgia's median for first-year earnings but trails the national benchmark by about $3,300—a gap that matters when you're starting at just $28,180. The small graduating class (under 30 students) makes these numbers less reliable than data from larger programs, but the pattern is worth noting: graduates here earn less than peers at Georgia institutions like Brenau ($36,497) or Life University ($34,260), though the debt load of $27,000 is relatively manageable with a debt-to-earnings ratio just under 1.0.

For parents evaluating this $27,000 investment, the key question is whether Covenant's distinctive Christian liberal arts environment justifies accepting below-average psychology earnings. Psychology majors nationwide often face modest starting salaries, but this program places in just the 23rd percentile nationally—meaning three-quarters of psychology programs produce higher earners. The debt itself isn't excessive by national standards, but when paired with earnings that won't grow much in the first few years, your graduate may struggle more than peers from higher-performing Georgia programs.

If your student is committed to Covenant for reasons beyond career earnings—faith integration, community, or specific faculty—this investment could work with realistic expectations about post-graduation finances. But purely from an ROI perspective, other Georgia options deliver meaningfully better outcomes for psychology graduates. The small sample size means this could shift with next year's cohort, but right now, the numbers suggest caution.

Where Covenant College Stands

Earnings vs. debt across all psychology bachelors's programs nationally

Earnings Distribution

How Covenant College graduates compare to all programs nationally

Compare to Similar Programs in Georgia

Psychology bachelors's programs at peer institutions in Georgia (41 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Covenant CollegeLookout Mountain$40,464$28,180$27,0000.96
Brenau UniversityGainesville$33,275$36,497$30,7610.84
Life UniversityMarietta$15,036$34,260$31,0000.90
Emory UniversityAtlanta$60,774$32,085$52,842$20,5000.64
Morehouse CollegeAtlanta$31,725$31,474$26,0000.83
Kennesaw State UniversityKennesaw$5,786$31,450$42,774$26,8690.85
National Median$31,482$25,5000.81

Career Paths

Occupations commonly associated with psychology graduates

Industrial-Organizational Psychologists

Apply principles of psychology to human resources, administration, management, sales, and marketing problems. Activities may include policy planning; employee testing and selection, training, and development; and organizational development and analysis. May work with management to organize the work setting to improve worker productivity.

$94,310/yrJobs growth:

Clinical and Counseling Psychologists

Assess, diagnose, and treat mental and emotional disorders of individuals through observation, interview, and psychological tests. Help individuals with distress or maladjustment understand their problems through their knowledge of case history, interviews with patients, and theory. Provide individual or group counseling services to assist individuals in achieving more effective personal, social, educational, and vocational development and adjustment. May design behavior modification programs and consult with medical personnel regarding the best treatment for patients.

$94,310/yrJobs growth:

Psychologists, All Other

All psychologists not listed separately.

$94,310/yrJobs growth:

Neuropsychologists

Apply theories and principles of neuropsychology to evaluate and diagnose disorders of higher cerebral functioning, often in research and medical settings. Study the human brain and the effect of physiological states on human cognition and behavior. May formulate and administer programs of treatment.

$94,310/yrJobs growth:

Clinical Neuropsychologists

Assess and diagnose patients with neurobehavioral problems related to acquired or developmental disorders of the nervous system, such as neurodegenerative disorders, traumatic brain injury, seizure disorders, and learning disabilities. Recommend treatment after diagnosis, such as therapy, medication, or surgery. Assist with evaluation before and after neurosurgical procedures, such as deep brain stimulation.

$94,310/yrJobs growth:

Psychology Teachers, Postsecondary

Teach courses in psychology, such as child, clinical, and developmental psychology, and psychological counseling. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Managers, All Other

All managers not listed separately.

Loss Prevention Managers

Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.

Social Science Research Assistants

Assist social scientists in laboratory, survey, and other social science research. May help prepare findings for publication and assist in laboratory analysis, quality control, or data management.

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 Covenant College, approximately 18% 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 19 graduates with reported earnings and 23 graduates with debt data. Small samples may not be representative.