Analysis
Hamline's psychology program punches well above its weight nationally—its graduates earn $37,872 in their first year, placing them in the 95th percentile among all psychology bachelor's programs nationwide. That's $6,400 more than the typical psychology grad and significantly above even the national 75th percentile. The debt load of $24,512 is also slightly below the national median, creating a comfortable debt-to-earnings ratio of 0.65.
The Minnesota context is more nuanced. While Hamline's outcomes still beat the state median, they land solidly in the middle of the pack—60th percentile among Minnesota psychology programs. Several Twin Cities institutions, including College of Saint Benedict and Metropolitan State, post first-year earnings in the $40,000+ range. Still, the 18% earnings growth from year one to year four shows graduates gaining traction in the job market, reaching nearly $45,000 by the fourth year out.
For families weighing a private liberal arts education against public alternatives, Hamline delivers strong national outcomes with manageable debt. The 40% Pell grant population suggests good financial aid access, and the 90% admission rate means most applicants will get in. This isn't the top-earning psychology program in Minnesota, but it combines solid financial outcomes with a supportive environment that consistently launches graduates into better-than-average positions.
Where Hamline University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Hamline 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 |
|---|---|---|---|
| Hamline University | $37,872 | $44,744 | +18% |
| Gustavus Adolphus College | $33,174 | $53,981 | +63% |
| University of St Thomas | $38,396 | $51,174 | +33% |
| The College of Saint Scholastica | $31,367 | $50,740 | +62% |
| Concordia University-Saint Paul | $36,243 | $49,552 | +37% |
Compare to Similar Programs in Minnesota
Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $48,311 | $37,872 | $44,744 | $24,512 | 0.65 | |
| $53,884 | $41,029 | $45,302 | $27,000 | 0.66 | |
| $9,780 | $40,958 | $44,425 | $30,155 | 0.74 | |
| $14,436 | $39,764 | $43,554 | $40,816 | 1.03 | |
| $14,318 | $38,543 | $45,061 | $24,225 | 0.63 | |
| $52,284 | $38,396 | $51,174 | $27,000 | 0.70 | |
| 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 Hamline University, approximately 40% 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 67 graduates with reported earnings and 84 graduates with debt data. Small samples may not be representative.