Analysis
Goucher College's psychology program starts slower than you might hope but shows something genuinely promising: graduates see their earnings jump 42% by year four, reaching $44,588. That trajectory matters because many psychology programs plateau early. With $26,000 in debt and strong initial growth, the financial picture improves significantly as graduates establish themselves—though you're still looking at roughly two years of early-career earnings to pay off the debt.
The performance is solid but not exceptional. Goucher ranks at the 60th percentile among Maryland's psychology programs, sitting in the middle of the pack behind larger state universities like UMD-College Park ($35,933 first-year earnings) and Bowie State ($36,765). Nationally, Goucher lands exactly at the median, meaning half of psychology programs produce stronger initial earnings. The debt load is typical for the degree—about $500 more than the state median—so you're not taking on unusual risk, but you're also not getting a standout bargain.
The key question is whether the trajectory continues beyond year four. If your student is committed to psychology and has career goals that benefit from graduate training or experience-based growth, the improving earnings curve is encouraging. But if they're uncertain about the field, the modest starting salary and middle-of-the-road performance suggest looking at Maryland's stronger programs or considering whether psychology aligns with their financial needs.
Where Goucher College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Goucher 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 |
|---|---|---|---|
| Goucher College | $31,463 | $44,588 | +42% |
| Loyola University Maryland | $26,103 | $55,969 | +114% |
| University of Maryland-College Park | $35,933 | $54,690 | +52% |
| Washington College | $34,490 | $50,653 | +47% |
| University of Maryland-Baltimore County | $35,721 | $48,488 | +36% |
Compare to Similar Programs in Maryland
Psychology bachelors's programs at peer institutions in Maryland (21 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $51,250 | $31,463 | $44,588 | $26,000 | 0.83 | |
| $7,992 | $42,056 | $47,572 | $23,465 | 0.56 | |
| $8,999 | $36,765 | $47,990 | $28,375 | 0.77 | |
| $11,505 | $35,933 | $54,690 | $20,500 | 0.57 | |
| $12,952 | $35,721 | $48,488 | $20,500 | 0.57 | |
| $54,356 | $34,490 | $50,653 | $27,000 | 0.78 | |
| 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 Goucher College, approximately 31% 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 40 graduates with reported earnings and 49 graduates with debt data. Small samples may not be representative.