Analysis
In Massachusetts, psychology bachelor's programs produce first-year earnings ranging from around $37,000 at the median to over $60,000 at top-tier schools like Bentley. Eastern Nazarene's estimated earnings of $36,873—based on 33 comparable programs across the state—land right at that median, suggesting this program tracks with typical outcomes rather than commanding a premium. The $28,998 in debt is slightly above the state median of $26,905, creating a debt-to-earnings ratio of 0.79 that would take roughly 10 months of gross income to repay.
The challenge here is that psychology bachelor's degrees rarely lead directly to high-paying careers without graduate school, and Massachusetts' higher cost of living makes that $36,873 feel tighter than it might elsewhere. Programs at Boston College and Williams produce earnings 20-25% higher, though they likely serve different student populations. For families where affordability matters—35% of students here receive Pell grants—the relatively modest debt load is the program's strongest selling point, keeping payments manageable during those early career years.
Your child should enter this knowing that career advancement in psychology typically requires additional credentials, which means more tuition down the road. The reasonable debt gives them flexibility to pursue that path, but the estimated earnings suggest they'll need to budget carefully or find ways to increase earning power quickly after graduation.
Where Eastern Nazarene College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
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 |
|---|---|---|---|---|---|
| $28,610 | $36,873* | — | $28,998 | — | |
| $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 | |
| $60,850 | $41,099* | $56,085 | $27,000 | 0.66 | |
| 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 Eastern Nazarene College, approximately 35% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 33 similar programs in MA. Actual outcomes may vary.