Analysis
Henderson State's psychology program starts graduates at a troubling $21,846βroughly $10,000 below the state median and in the bottom 5% nationally. While the 77% earnings jump to year four represents strong growth, that still only reaches $38,734, which barely exceeds what typical psychology graduates earn right out of school elsewhere. The debt load of $19,134 is actually lower than state and national averages, but paired with such weak initial earnings, it creates a challenging first few years.
Within Arkansas, this program ranks in just the 25th percentile, trailing not only flagship schools but regional competitors like Southern Arkansas University and UA-Fort Smith by $8,000-10,000 annually. For context, John Brown University's psychology graduates start at $35,294βnearly 62% higher than Henderson State. The concerning pattern here isn't the debt burden itself, but rather what appears to be either weak career placement or graduates taking lower-paying positions that don't require their degree initially.
The significant earnings recovery by year four suggests graduates eventually find their footing, but that first year at less than $22,000 will strain any household budget. For an Arkansas family, exploring other in-state options would likely provide better immediate outcomes, particularly given that several state schools offer similar or lower debt with substantially higher starting salaries.
Where Henderson State University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Henderson State 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 |
|---|---|---|---|
| Henderson State University | $21,846 | $38,734 | +77% |
| University of Arkansas | $31,866 | $44,385 | +39% |
| Harding University | $29,219 | $42,268 | +45% |
| University of Arkansas at Pine Bluff | $27,486 | $39,407 | +43% |
| University of Central Arkansas | $29,431 | $38,715 | +32% |
Compare to Similar Programs in Arkansas
Psychology bachelors's programs at peer institutions in Arkansas (19 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $7,885 | $21,846 | $38,734 | $19,134 | 0.88 | |
| $30,832 | $35,294 | β | $26,544 | 0.75 | |
| $8,455 | $32,522 | $34,282 | $28,646 | 0.88 | |
| $9,748 | $31,866 | $44,385 | $24,463 | 0.77 | |
| $9,820 | $31,426 | $33,636 | $20,408 | 0.65 | |
| $6,906 | $29,853 | $35,086 | $22,500 | 0.75 | |
| National Median | β | $31,482 | β | $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 Henderson State University, approximately 48% 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 32 graduates with reported earnings and 46 graduates with debt data. Small samples may not be representative.