Analysis
Mercer's psychology program produces graduates who start at $27,785—roughly $3,700 below the national median and slightly below Georgia's typical psychology graduate. While that lands the program in the 40th percentile within Georgia, it trails significantly behind competitors like Brenau ($36,497) and Life University ($34,260), suggesting students might find better returns elsewhere in-state without necessarily moving up in selectivity.
The $27,000 debt load matches Georgia's state median and sits slightly above national norms, creating a nearly 1:1 debt-to-earnings ratio in year one. That's not catastrophic—graduates should be able to manage payments—but the initial financial squeeze is tighter than at many peer programs. The encouraging sign is the 51% earnings jump to $41,985 by year four, which substantially improves the financial picture and suggests graduates successfully transition into better-paying roles.
For families weighing this option, understand that you're paying private university tuition for outcomes that rank in the middle of Georgia's psychology programs. If your child is set on Mercer for campus culture or other programs, psychology is viable but not a standout. If maximizing return on a psychology degree is the priority, exploring state schools or the higher-performing private options might make more financial sense.
Where Mercer University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Mercer 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 |
|---|---|---|---|
| Mercer University | $27,785 | $41,985 | +51% |
| Emory University | $32,085 | $52,842 | +65% |
| Oglethorpe University | $25,170 | $49,884 | +98% |
| Agnes Scott College | $24,277 | $47,388 | +95% |
| University of Georgia | $29,874 | $46,847 | +57% |
Compare to Similar Programs in Georgia
Psychology bachelors's programs at peer institutions in Georgia (41 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $40,890 | $27,785 | $41,985 | $27,000 | 0.97 | |
| $33,275 | $36,497 | — | $30,761 | 0.84 | |
| $15,036 | $34,260 | — | $31,000 | 0.90 | |
| $60,774 | $32,085 | $52,842 | $20,500 | 0.64 | |
| $31,725 | $31,474 | — | $26,000 | 0.83 | |
| $5,786 | $31,450 | $42,774 | $26,869 | 0.85 | |
| 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 Mercer University, approximately 33% 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 46 graduates with reported earnings and 85 graduates with debt data. Small samples may not be representative.