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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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $39,070 | $34,536 | — | $26,882 | 0.78 | |
| $19,000 | $42,183 | $40,524 | $41,478 | 0.98 | |
| $25,220 | $41,193 | $45,304 | $29,136 | 0.71 | |
| $52,576 | $37,072 | $37,384 | $27,000 | 0.73 | |
| $40,190 | $35,559 | $34,524 | $32,500 | 0.91 | |
| $28,750 | $35,122 | — | $27,443 | 0.78 | |
| 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 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.