Median Earnings (1yr)
$31,463
50th percentile (60th in MD)
Median Debt
$26,000
2% above national median
Debt-to-Earnings
0.83
Manageable
Sample Size
40
Adequate data

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

Goucher 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 Goucher College graduates compare to all programs nationally

Goucher College graduates earn $31k, placing them in the 50th 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 Maryland

Psychology bachelors's programs at peer institutions in Maryland (21 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Goucher College$31,463$44,588$26,0000.83
University of Maryland Global Campus$42,056$47,572$23,4650.56
Bowie State University$36,765$47,990$28,3750.77
University of Maryland-College Park$35,933$54,690$20,5000.57
University of Maryland-Baltimore County$35,721$48,488$20,5000.57
Washington College$34,490$50,653$27,0000.78
National Median$31,482—$25,5000.81

Other Psychology Programs in Maryland

Compare tuition, earnings, and debt across Maryland schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Maryland Global Campus
Adelphi
$7,992$42,056$23,465
Bowie State University
Bowie
$8,999$36,765$28,375
University of Maryland-College Park
College Park
$11,505$35,933$20,500
University of Maryland-Baltimore County
Baltimore
$12,952$35,721$20,500
Washington College
Chestertown
$54,356$34,490$27,000

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.