Analysis
Francis Marion's psychology bachelor's graduates start at $26,947—well below both the national median ($31,482) and falling in just the 16th percentile nationally. That's roughly $4,500 less than the typical psychology graduate earns right out of college. While Francis Marion ranks middle-of-the-pack among South Carolina psychology programs (40th percentile), the state's top performers like Charleston Southern and Wofford deliver starting salaries exceeding $34,000. The $30,500 median debt creates an immediate burden that overshadows the degree's income potential, with graduates owing more than they earn in their first year.
The 20% earnings growth to $32,198 by year four offers some relief, bringing graduates closer to national norms. However, this trajectory still lags behind stronger programs in the region. For a family considering this path, the financial picture is challenging: a psychology degree here means entering the workforce at a significant earnings disadvantage while carrying above-average debt.
If your child is set on psychology at Francis Marion, recognize this as a degree requiring careful financial planning—potentially minimizing loans through scholarships, work-study, or family support. Otherwise, exploring higher-performing in-state options like those at Charleston Southern or USC Aiken could yield notably better returns on the same investment.
Where Francis Marion University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Francis Marion 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 |
|---|---|---|---|
| Francis Marion University | $26,947 | $32,198 | +19% |
| Clemson University | $32,146 | $46,792 | +46% |
| College of Charleston | $29,339 | $43,319 | +48% |
| University of South Carolina Beaufort | $25,523 | $42,239 | +65% |
| Presbyterian College | $23,510 | $42,022 | +79% |
Compare to Similar Programs in South Carolina
Psychology bachelors's programs at peer institutions in South Carolina (29 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $11,160 | $26,947 | $32,198 | $30,500 | 1.13 | |
| $31,030 | $35,364 | $37,652 | $27,000 | 0.76 | |
| $54,100 | $34,429 | — | $25,763 | 0.75 | |
| $24,650 | $34,044 | $32,086 | $23,250 | 0.68 | |
| $15,554 | $32,146 | $46,792 | $22,687 | 0.71 | |
| $10,760 | $31,121 | $38,907 | $27,000 | 0.87 | |
| 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 Francis Marion University, approximately 39% 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 62 graduates with reported earnings and 94 graduates with debt data. Small samples may not be representative.