Analysis
Hood College's psychology graduates face a concerning financial picture that should worry any parent considering this $22,000 investment. Starting salaries of $23,358 rank in just the 5th percentile nationally and 25th percentile among Maryland psychology programs—meaning three-quarters of comparable Maryland programs produce better outcomes. Even among the state's 21 psychology programs, Hood trails far behind accessible options like Bowie State ($36,765) and UMD-College Park ($35,933), both of which offer starting salaries over 50% higher.
The debt load compounds the problem. While $22,000 might sound manageable, it represents nearly a full year's starting salary—a ratio that typically signals repayment struggles. By year four, earnings do climb to $36,344 (a 56% increase), but this catches graduates up to where many peers started. That delayed earning power means years of financial stress during the critical period when young adults establish independence.
Given the small sample size here, these numbers might not tell the full story. However, when your in-state alternatives include multiple schools with significantly stronger track records at similar or lower costs, Hood's psychology program requires serious scrutiny. Unless there's a compelling personal reason to choose this particular program, Maryland families have better options that won't leave their graduate earning poverty-level wages in year one.
Where Hood College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Hood 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 |
|---|---|---|---|
| Hood College | $23,358 | $36,344 | +56% |
| 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 |
|---|---|---|---|---|---|
| $45,870 | $23,358 | $36,344 | $22,000 | 0.94 | |
| $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 Hood College, approximately 36% 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 18 graduates with reported earnings and 31 graduates with debt data. Small samples may not be representative.