Median Earnings (1yr)
$31,919
53rd percentile
40th percentile in Illinois
Median Debt
$23,250
9% below national median

Analysis

McKendree's psychology graduates start modestly at $32K but see impressive 36% earnings growth by year four—reaching $43K puts them well ahead of typical psychology majors nationally. However, relative to other Illinois psychology programs, this is a middle-of-the-pack outcome, landing in just the 40th percentile statewide despite being near the national median.

The debt picture requires careful consideration. At $23,250, it's slightly below both state and national averages, and the 0.73 debt-to-earnings ratio means graduates owe less than a year's starting salary—manageable for a psychology degree. The strong earnings trajectory helps: by year four, that debt represents barely half of annual income. Still, starting at $32K means the first few years will likely require careful budgeting, especially compared to Illinois leaders like Northwestern ($44K starting) or even mid-tier programs like National Louis ($36K).

For families looking at McKendree, the key question is whether the university's other strengths justify the relatively average earnings for Illinois. The growth curve is encouraging and suggests graduates find their footing, but you're not getting an earnings premium that would justify significant additional cost over state schools. If McKendree is financially comparable to public options and offers a better fit culturally or academically, the numbers work. If it requires substantially more borrowing or out-of-pocket expense, that's harder to justify given the earnings performance.

Where McKendree University Stands

Earnings vs. debt across all psychology bachelors's programs nationally

Earnings Distribution

How McKendree University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
McKendree University$31,919$43,254+36%
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)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
McKendree UniversityLebanon$34,070$31,919$43,254$23,2500.73
Northwestern UniversityEvanston$65,997$44,088$61,389$14,5000.33
St. Augustine CollegeChicago$13,288$42,911$5,0500.12
Trinity International University-IllinoisDeerfield$12,320$39,980$24,5620.61
The Chicago School at ChicagoChicago$20,844$39,596$40,6451.03
National Louis UniversityChicago$12,345$35,798$37,1701.04
National Median$31,482$25,5000.81

Career Paths

Occupations commonly associated with psychology graduates

Industrial-Organizational Psychologists

Apply principles of psychology to human resources, administration, management, sales, and marketing problems. Activities may include policy planning; employee testing and selection, training, and development; and organizational development and analysis. May work with management to organize the work setting to improve worker productivity.

$94,310/yrJobs growth:

Clinical and Counseling Psychologists

Assess, diagnose, and treat mental and emotional disorders of individuals through observation, interview, and psychological tests. Help individuals with distress or maladjustment understand their problems through their knowledge of case history, interviews with patients, and theory. Provide individual or group counseling services to assist individuals in achieving more effective personal, social, educational, and vocational development and adjustment. May design behavior modification programs and consult with medical personnel regarding the best treatment for patients.

$94,310/yrJobs growth:

Psychologists, All Other

All psychologists not listed separately.

$94,310/yrJobs growth:

Neuropsychologists

Apply theories and principles of neuropsychology to evaluate and diagnose disorders of higher cerebral functioning, often in research and medical settings. Study the human brain and the effect of physiological states on human cognition and behavior. May formulate and administer programs of treatment.

$94,310/yrJobs growth:

Clinical Neuropsychologists

Assess and diagnose patients with neurobehavioral problems related to acquired or developmental disorders of the nervous system, such as neurodegenerative disorders, traumatic brain injury, seizure disorders, and learning disabilities. Recommend treatment after diagnosis, such as therapy, medication, or surgery. Assist with evaluation before and after neurosurgical procedures, such as deep brain stimulation.

$94,310/yrJobs growth:

Psychology Teachers, Postsecondary

Teach courses in psychology, such as child, clinical, and developmental psychology, and psychological counseling. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Managers, All Other

All managers not listed separately.

Loss Prevention Managers

Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.

Social Science Research Assistants

Assist social scientists in laboratory, survey, and other social science research. May help prepare findings for publication and assist in laboratory analysis, quality control, or data management.

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 McKendree University, approximately 29% 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 31 graduates with reported earnings and 57 graduates with debt data. Small samples may not be representative.