Psychology at Loyola University New Orleans

At $24,241 in first-year earnings, Loyola's psychology program ranks in just the 5th percentile nationally—a concerning start that puts graduates well below both the national median ($31,482) and Louisiana's state median ($27,926). The debt load of $26,750 might seem manageable in absolute terms, but it exceeds that first year's earnings, creating immediate financial pressure for recent graduates. Looking across Louisiana's 24 psychology programs, this sits in the 40th percentile—middle of the pack for the state, but still trailing schools like Dillard ($33,143) and Northwestern State ($32,765) by significant margins.

The silver lining is substantial earnings growth: graduates see a 73% jump to $41,980 by year four, which finally pulls them ahead of national averages. This pattern suggests psychology graduates may be starting in entry-level positions or pursuing additional credentials before landing better-paying roles. However, parents should recognize that this means their child will likely spend several years earning well below what they'd need to comfortably manage student loan payments.

The reality here is a tough few years post-graduation, even with eventual recovery. For $26,750 in debt, families might reasonably expect stronger immediate employment outcomes, particularly at a private university. If your child is committed to psychology, comparing offers from Louisiana's top performers—or planning for graduate school—would be wise steps before committing.