Analysis
Illinois College's psychology program starts below the state median but shows impressive trajectory, with earnings jumping 37% by year four. That early shortfall matters, though: graduates earn about $900 less than typical Illinois psychology majors initially, landing at the 40th percentile statewide. By year four, they've nearly caught up to Northwestern's graduates at $43,000, suggesting the liberal arts foundation pays off with time.
The debt picture offers some relief. At $27,000, borrowing sits below both state and national medians, keeping the debt-to-earnings ratio manageable even during that lower-earning first year. For a small liberal arts college with 35% Pell-eligible students, this restraint mattersβgraduates aren't saddled with crushing payments while establishing their careers.
The real question is whether your family can weather those early years. Psychology bachelor's holders often need additional credentials or work experience to advance, and this program fits that pattern. If your student plans to stay in Illinois and has patience for career development, the combination of controlled debt and solid growth makes this workable. But if they need strong immediate earnings to service loans or support themselves, you're looking at a tight first year or two before the trajectory improves.
Where Illinois College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Illinois 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 |
|---|---|---|---|
| Illinois College | $31,386 | $42,995 | +37% |
| Northwestern University | $44,088 | $61,389 | +39% |
| Loyola University Chicago | $32,463 | $52,586 | +62% |
| Augustana College | $29,801 | $50,244 | +69% |
| Illinois State University | $32,104 | $49,195 | +53% |
Compare to Similar Programs in Illinois
Psychology bachelors's programs at peer institutions in Illinois (52 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $37,470 | $31,386 | $42,995 | $27,000 | 0.86 | |
| $65,997 | $44,088 | $61,389 | $14,500 | 0.33 | |
| $13,288 | $42,911 | β | $5,050 | 0.12 | |
| $12,320 | $39,980 | β | $24,562 | 0.61 | |
| $20,844 | $39,596 | β | $40,645 | 1.03 | |
| $12,345 | $35,798 | β | $37,170 | 1.04 | |
| 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 Illinois College, approximately 35% 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 30 graduates with reported earnings and 50 graduates with debt data. Small samples may not be representative.