Median Earnings (1yr)
$34,536
74th percentile
60th percentile in Iowa
Median Debt
$26,882
5% above national median

Analysis

Mount Mercy's psychology graduates earn $34,536 in their first year—about $3,000 above the national median for psychology majors and roughly on par with Iowa's state median. While this program ranks in the 74th percentile nationally, it sits closer to the middle of the pack within Iowa (60th percentile), where several smaller schools like Upper Iowa and Waldorf report significantly higher early earnings. The $26,882 in median debt is actually below both national and state averages, creating a debt-to-earnings ratio of 0.78 that's quite manageable for a psychology degree.

The caveat here is sample size—fewer than 30 graduates provided data, so these figures could shift considerably year to year. Still, the combination of below-average debt and above-average national earnings suggests Mount Mercy isn't overcharging for the outcomes it delivers. Psychology majors typically need graduate school for career advancement, so keeping undergraduate debt relatively low is particularly important for this field.

For Iowa families considering a psychology major in-state, Mount Mercy offers solid value without standout returns. The program won't position graduates at the top of Iowa's psychology market, but the modest debt load leaves room for the graduate education most psychology careers require.

Where Mount Mercy University Stands

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

Earnings Distribution

How Mount Mercy University graduates compare to all programs nationally

Compare to Similar Programs in Iowa

Psychology bachelors's programs at peer institutions in Iowa (27 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Mount Mercy UniversityCedar Rapids$39,070$34,536$26,8820.78
Upper Iowa UniversityFayette$19,000$42,183$40,524$41,4780.98
Waldorf UniversityForest City$25,220$41,193$45,304$29,1360.71
Coe CollegeCedar Rapids$52,576$37,072$37,384$27,0000.73
Buena Vista UniversityStorm Lake$40,190$35,559$34,524$32,5000.91
William Penn UniversityOskaloosa$28,750$35,122$27,4430.78
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 Mount Mercy University, approximately 26% 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 21 graduates with reported earnings and 32 graduates with debt data. Small samples may not be representative.