Analysis
Lipscomb's psychology program lands squarely in the middle of Tennessee options, ranking at the 40th percentile statewide—not disastrous, but noticeably behind both public alternatives like Middle Tennessee State and peer private institutions. Starting earnings of $28,252 lag behind the national psychology median by about $3,200, though the $25,062 in debt is roughly average. The 25% earnings bump by year four is encouraging, but that still only brings graduates to $35,261, meaningfully less than what nearby Rhodes or Vanderbilt psychology grads start at.
The debt-to-earnings ratio of 0.89 means graduates owe nearly a full year's salary, which creates tight finances early on when combined with Nashville's rising cost of living. Psychology majors here are earning less than the typical Tennessee psychology graduate while paying private school tuition rates. For context, MTSU's psychology program produces similar four-year outcomes while likely costing in-state students considerably less.
This program makes most sense for students specifically drawn to Lipscomb's Christian mission who understand they're prioritizing campus culture over earning potential. Families focused on return on investment should carefully compare net price here against Tennessee's stronger-performing psychology programs—both public and private options exist that deliver better outcomes at this debt level.
Where Lipscomb University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Lipscomb 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 |
|---|---|---|---|
| Lipscomb University | $28,252 | $35,261 | +25% |
| Vanderbilt University | $36,716 | $54,652 | +49% |
| Rhodes College | $37,563 | $53,414 | +42% |
| The University of the South | $35,379 | $45,835 | +30% |
| The University of Tennessee-Chattanooga | $30,984 | $39,041 | +26% |
Compare to Similar Programs in Tennessee
Psychology bachelors's programs at peer institutions in Tennessee (34 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $38,824 | $28,252 | $35,261 | $25,062 | 0.89 | |
| $54,892 | $37,563 | $53,414 | $24,589 | 0.65 | |
| $29,790 | $37,019 | — | $21,375 | 0.58 | |
| $63,946 | $36,716 | $54,652 | $11,209 | 0.31 | |
| $53,698 | $35,379 | $45,835 | $17,148 | 0.48 | |
| $9,506 | $32,433 | $35,287 | $22,000 | 0.68 | |
| 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 Lipscomb University, approximately 21% 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 37 graduates with reported earnings and 48 graduates with debt data. Small samples may not be representative.