Analysis
Furman's psychology program produces starting salaries about $2,000 below the national median, which might worry parents at first glance—until you see that this actually outperforms 60% of South Carolina psychology programs. The real standout here is the debt: at $27,000, it's lower than the national median, giving graduates a debt-to-earnings ratio under 1.0. For context, Furman's tuition runs significantly higher than public alternatives like Clemson ($32,146 starting salary) or USC Aiken ($31,121), yet those schools' graduates earn roughly the same or less while carrying similar debt loads.
The elephant in the room is that small sample size—fewer than 30 graduates reported earnings. This makes it hard to know whether $29,395 reflects the typical outcome or just a quirky year. What we can say definitively: psychology majors anywhere face modest starting salaries, and Furman's relatively manageable debt means graduates aren't drowning financially in those first years. The 53% admission rate and strong SAT scores suggest solid academics without the hypercompetitive stress of elite schools.
For families paying private school tuition, this data should prompt a conversation about post-graduation plans. If your child is considering grad school (common for psychology), lower debt now matters enormously. If they're heading straight to work, the question becomes whether Furman's network and credentials justify the cost when higher-earning programs exist in-state.
Where Furman University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Furman University graduates compare to all programs nationally
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 |
|---|---|---|---|---|---|
| $58,312 | $29,395 | — | $27,000 | 0.92 | |
| $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 Furman University, approximately 11% 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 25 graduates with reported earnings and 37 graduates with debt data. Small samples may not be representative.