Analysis
Loyola Maryland's psychology program starts graduates at just $26,103—nearly $5,000 below Maryland's median and ranking in the bottom quarter of the state's psychology programs. Even more striking: nearby competitors like University of Maryland-College Park and UMBC place their psychology graduates into jobs earning roughly $10,000 more right out of the gate. With $27,000 in debt, that first year can feel financially tight.
The dramatic turnaround to $55,969 by year four tells an interesting story, suggesting graduates eventually find their footing—likely through graduate school, career pivots, or simply getting past entry-level positions. That 114% earnings growth is impressive, but it doesn't erase the financial challenge of those early years when debt payments hit hardest. Families should consider whether their student can manage on $26,000 initially, particularly in Baltimore's metro area where living costs aren't trivial.
For parents evaluating this $27,000 investment, the math is straightforward: if your child is headed to graduate school anyway (common for psychology majors), this program could make sense. But if they need immediate earning power after graduation, Maryland's public universities deliver stronger year-one outcomes at lower net prices. The fact that this is a Jesuit institution with solid academics (SAT average of 1292) matters for educational experience, but doesn't change the financial reality that other Maryland options better position psychology graduates for that crucial first job.
Where Loyola University Maryland Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Loyola University Maryland 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 |
|---|---|---|---|
| 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% |
| Bowie State University | $36,765 | $47,990 | +31% |
Compare to Similar Programs in Maryland
Psychology bachelors's programs at peer institutions in Maryland (21 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $55,480 | $26,103 | $55,969 | $27,000 | 1.03 | |
| $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 Loyola University Maryland, approximately 18% 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 57 graduates with reported earnings and 76 graduates with debt data. Small samples may not be representative.