Median Earnings (1yr)
$23,698
5th percentile (25th in NY)
Median Debt
$27,000
6% above national median
Debt-to-Earnings
1.14
Elevated
Sample Size
16
Limited data

Analysis

The small sample size here demands caution, but the pattern is troubling enough to warrant concern. That $23,698 first-year salary places Elmira's psychology program in the bottom 5% nationally—and while it recovers to $42,676 by year four, that starting figure means graduates may struggle to make loan payments when they begin.

Even accounting for the strong four-year growth, this program underperforms the New York median by roughly $10,000 at that stage. The 25th state percentile ranking tells you what you need to know: three-quarters of New York psychology programs produce better outcomes. When CUNY schools and state universities are delivering $40,000+ salaries with lower debt loads, the $27,000 borrowed here becomes harder to justify—especially at Elmira's private school tuition rates.

The debt-to-earnings ratio of 1.14 isn't catastrophic, and that 80% earnings growth suggests graduates do find better opportunities over time. But that brutal first year, combined with below-average performance both statewide and nationally, creates real financial stress early in graduates' careers. Unless your student has specific reasons to choose Elmira—strong personal connections to faculty, particular research opportunities—the numbers suggest looking at New York's public options for psychology.

Where Elmira College Stands

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

Elmira CollegeOther psychology programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Elmira College graduates compare to all programs nationally

Elmira College graduates earn $24k, placing them in the 5th percentile of all psychology bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in New York

Psychology bachelors's programs at peer institutions in New York (92 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Elmira College$23,698$42,676$27,0001.14
CUNY Graduate School and University Center$48,299$41,272$19,4620.40
Excelsior University$43,574—$28,9140.66
CUNY Medgar Evers College$39,868$41,004$11,7000.29
Empire State University$39,188$40,013$29,0500.74
Touro University$38,918$37,736$20,5000.53
National Median$31,482—$25,5000.81

Other Psychology Programs in New York

Compare tuition, earnings, and debt across New York schools

SchoolIn-State TuitionEarnings (1yr)Debt
CUNY Graduate School and University Center
New York
$7,410$48,299$19,462
Excelsior University
Albany
—$43,574$28,914
CUNY Medgar Evers College
Brooklyn
$7,352$39,868$11,700
Empire State University
Saratoga Springs
$7,630$39,188$29,050
Touro University
New York
$21,810$38,918$20,500

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 Elmira 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.

Sample Size: Based on 16 graduates with reported earnings and 30 graduates with debt data. Small samples may not be representative.