Analysis
Illinois Wesleyan's psychology program produces graduates who start at $34,650βsolidly above both the national median ($31,482) and Illinois state average ($32,287). While that places them in the 75th percentile nationally, it drops to the 60th percentile within Illinois, suggesting the program competes respectably but doesn't dominate the state market. The $27,000 median debt sits just above typical psychology borrowing levels, yielding a manageable debt-to-earnings ratio of 0.78. More encouraging is the trajectory: earnings jump 34% to $46,467 by year four, indicating graduates gain traction in their careers rather than plateau early.
The real caveat here is sample sizeβwith fewer than 30 graduates reporting, a few high or low earners can skew these numbers significantly. That said, the pattern suggests Illinois Wesleyan provides solid preparation without the debt burden that often accompanies psychology degrees. Graduates aren't matching Northwestern's $44,088 starting salary, but they're also not facing the credential inflation that requires expensive graduate school immediately after the bachelor's degree.
For families considering this program, the key question is fit: does the small-school environment justify similar debt levels to larger state options? The earnings growth suggests yes, but recognize you're buying into a selective liberal arts experience where individual outcomes will vary more than these medians suggest.
Where Illinois Wesleyan University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Illinois Wesleyan 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 |
|---|---|---|---|
| Illinois Wesleyan University | $34,650 | $46,467 | +34% |
| 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 |
|---|---|---|---|---|---|
| $55,704 | $34,650 | $46,467 | $27,000 | 0.78 | |
| $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 Wesleyan University, approximately 23% 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 16 graduates with reported earnings and 32 graduates with debt data. Small samples may not be representative.