Analysis
A first-year salary just above $32,000 might make parents nervous about a psychology degree, but Elmhurst graduates nearly double their earnings by year four—reaching $48,000 with just $23,000 in debt. That debt load sits below both Illinois and national medians for psychology programs, and the 0.71 debt-to-earnings ratio means graduates can realistically manage repayment even during that challenging first year. Among Illinois's 52 psychology programs, Elmhurst ranks in the 60th percentile, positioning it solidly in the upper half while remaining far more accessible than Northwestern's $44,000 starting salary.
The 48% earnings jump from year one to year four suggests graduates are successfully moving beyond entry-level positions into roles that value their degree—whether in human resources, social services, or grad school prerequisites. This growth trajectory matters more than the modest starting point, especially given the relatively light debt burden. For context, students here graduate with about $2,500 less debt than typical Illinois psychology majors.
If your child plans to pursue graduate education or needs a few years to find their footing professionally, Elmhurst's combination of manageable debt and strong mid-term earnings makes it a reasonable choice. The program won't launch them into immediate high earnings, but it won't saddle them with crushing debt either—a practical outcome for a field where early-career uncertainty is common.
Where Elmhurst University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Elmhurst 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 |
|---|---|---|---|
| Elmhurst University | $32,553 | $48,321 | +48% |
| Northwestern University | $44,088 | $61,389 | +39% |
| Loyola University Chicago | $32,463 | $52,586 | +62% |
| Augustana College | $29,801 | $50,244 | +69% |
| Illinois State University | $32,104 | $49,195 | +53% |
Compare to Similar Programs in Illinois
Psychology bachelors's programs at peer institutions in Illinois (52 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $41,628 | $32,553 | $48,321 | $23,000 | 0.71 | |
| $65,997 | $44,088 | $61,389 | $14,500 | 0.33 | |
| $13,288 | $42,911 | — | $5,050 | 0.12 | |
| $12,320 | $39,980 | — | $24,562 | 0.61 | |
| $20,844 | $39,596 | — | $40,645 | 1.03 | |
| $12,345 | $35,798 | — | $37,170 | 1.04 | |
| 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 Elmhurst University, approximately 37% 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 98 graduates with reported earnings and 139 graduates with debt data. Small samples may not be representative.