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
Earnings Distribution
How Elmira College 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 |
|---|---|---|---|
| Elmira College | $23,698 | $42,676 | +80% |
| Cornell University | $36,630 | $64,146 | +75% |
| Fordham University | $28,256 | $58,590 | +107% |
| Binghamton University | $30,023 | $58,122 | +94% |
| Ithaca College | $27,814 | $55,104 | +98% |
Compare to Similar Programs in New York
Psychology bachelors's programs at peer institutions in New York (92 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $37,932 | $23,698 | $42,676 | $27,000 | 1.14 | |
| $7,410 | $48,299 | $41,272 | $19,462 | 0.40 | |
| — | $43,574 | — | $28,914 | 0.66 | |
| $7,352 | $39,868 | $41,004 | $11,700 | 0.29 | |
| $7,630 | $39,188 | $40,013 | $29,050 | 0.74 | |
| $21,810 | $38,918 | $37,736 | $20,500 | 0.53 | |
| 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 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.