Analysis
Similar programs in Massachusetts suggest Hampshire graduates enter the workforce around $38,500 annually—solidly above the national psychology benchmark of $34,800 but trailing elite peers like Tufts and Amherst by significant margins. With an estimated debt load of $25,600, the 0.67 debt-to-earnings ratio falls within manageable territory, though it's worth noting this exceeds the national median debt for psychology programs by roughly $4,000.
The challenge here isn't the numbers themselves—it's the uncertainty they represent. Because Hampshire's graduate cohort is too small for the Department of Education to publish actual outcomes, these estimates draw from 11 comparable Massachusetts programs. That means you're betting on Hampshire delivering results consistent with peer schools, without verification. Given Hampshire's 70% admission rate versus the highly selective institutions dominating the state's top earnings, that's a meaningful leap of faith.
For families comfortable with uncertainty and drawn to Hampshire's distinctive educational model, the estimated financial picture doesn't flash warning signs—psychology degrees rarely produce spectacular early earnings anywhere. But if return on investment matters heavily to your decision, you're essentially buying a ticket without knowing the destination. Other Massachusetts schools in this field offer either confirmed outcomes or clearer value propositions through lower costs or stronger earnings track records.
Where Hampshire College Stands
Earnings vs. debt across all research and experimental psychology bachelors's programs nationally
Compare to Similar Programs in Massachusetts
Research and Experimental Psychology bachelors's programs at peer institutions in Massachusetts (18 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $56,630 | $38,463* | — | $25,612* | — | |
| $67,844 | $56,504* | — | $15,875* | 0.28 | |
| $67,280 | $45,786* | — | $10,800* | 0.24 | |
| $61,568 | $43,717* | $46,833 | $19,000* | 0.43 | |
| $59,076 | $41,501* | $76,453 | —* | — | |
| $63,141 | $38,463* | $57,605 | $26,000* | 0.68 | |
| National Median | — | $34,768* | — | $21,500* | 0.62 |
Career Paths
Occupations commonly associated with research and experimental psychology graduates
Statisticians
Biostatisticians
Medical Scientists, Except Epidemiologists
Clinical and Counseling Psychologists
Psychologists, All Other
Neuropsychologists
Clinical Neuropsychologists
Psychology Teachers, Postsecondary
Health Specialties Teachers, Postsecondary
Child, Family, and School Social Workers
Managers, All Other
Compliance Managers
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 Hampshire College, approximately 38% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 11 similar programs in MA. Actual outcomes may vary.