Analysis
Midway's psychology program starts graduates at $27,403—about $4,400 below Kentucky's median and in the bottom fifth nationally. While that's concerning, the real story here is trajectory: earnings jump 37% by year four, reaching $37,583, which actually surpasses several Kentucky competitors. The debt load of $27,000 is reasonable and sits below the 25th percentile nationally, meaning most psychology programs saddle graduates with more.
The challenge for anxious parents is that first year. Your graduate may need family support or a side income stream while building their career, as $27,403 in Kentucky won't leave much breathing room. However, the strong earnings growth suggests graduates are finding their footing—perhaps moving into social services, HR, or continuing to graduate programs where psychology majors often thrive. At 40th percentile in Kentucky, this program lands solidly middle-of-the-pack statewide, though it trails schools like Spalding and Northern Kentucky by meaningful margins.
The small sample size (under 30 graduates) means one or two outliers could skew these numbers in either direction. That said, the debt-to-earnings ratio near 1.0 in year one improves dramatically as earnings grow, making this manageable if your student can weather those lean early years and has a plan for leveraging the degree beyond entry-level work.
Where Midway University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Midway 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 |
|---|---|---|---|
| Midway University | $27,403 | $37,583 | +37% |
| Georgetown College | $33,921 | $43,886 | +29% |
| University of Kentucky | $28,551 | $41,186 | +44% |
| University of Louisville | $30,416 | $39,677 | +30% |
| Spalding University | $40,262 | $39,085 | -3% |
Compare to Similar Programs in Kentucky
Psychology bachelors's programs at peer institutions in Kentucky (24 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $26,080 | $27,403 | $37,583 | $27,000 | 0.99 | |
| $27,850 | $40,262 | $39,085 | $31,750 | 0.79 | |
| $9,875 | $36,913 | $35,801 | $21,750 | 0.59 | |
| $10,896 | $36,209 | $35,440 | $26,088 | 0.72 | |
| $42,010 | $33,921 | $43,886 | $27,000 | 0.80 | |
| $26,990 | $31,478 | — | $23,250 | 0.74 | |
| 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 Midway University, approximately 46% 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 24 graduates with reported earnings and 38 graduates with debt data. Small samples may not be representative.