Median Earnings (1yr)
$37,863
95th percentile (60th in RI)
Median Debt
$27,000
6% above national median
Debt-to-Earnings
0.71
Manageable
Sample Size
51
Adequate data

Analysis

Providence College's psychology program commands premium tuition but delivers earnings that genuinely justify the investment. With first-year earnings of $37,863, graduates outpace 95% of psychology programs nationally—a remarkable achievement for a field where many bachelor's holders struggle to find well-paying work immediately. The $27,000 median debt sits below national averages, creating a manageable 0.71 debt-to-earnings ratio that beats most liberal arts programs.

The Rhode Island context reveals an interesting pattern: while Providence ranks middle-of-the-pack among state programs (60th percentile), this reflects Rhode Island's unusually strong psychology outcomes overall. The program ties for the highest debt level in the state with URI, but delivers competitive earnings that justify this cost. More importantly, the 56% earnings growth trajectory—jumping from $37,863 to $58,954 over four years—suggests graduates are successfully transitioning into roles that value their degree, whether in human services, corporate training, or as stepping stones to graduate programs.

For parents concerned about the classic "psychology degree doesn't pay" narrative, Providence offers a clear counter-example. The combination of strong immediate placement, reasonable debt, and robust earnings growth makes this program work financially in ways most psychology degrees simply don't. The selectivity (49% admission rate, 1342 SAT average) likely contributes to stronger career outcomes through alumni networks and employer perception.

Where Providence College Stands

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

Providence CollegeOther psychology programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Providence College graduates compare to all programs nationally

Providence College graduates earn $38k, placing them in the 95th percentile of all psychology bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Rhode Island

Psychology bachelors's programs at peer institutions in Rhode Island (9 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Providence College$37,863$58,954$27,0000.71
University of Rhode Island$37,414$46,464$23,8800.64
Salve Regina University$35,096$47,799$27,0000.77
Rhode Island College$33,694$40,576$22,7230.67
Roger Williams University$32,289$48,854$27,0000.84
National Median$31,482—$25,5000.81

Other Psychology Programs in Rhode Island

Compare tuition, earnings, and debt across Rhode Island schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Rhode Island
Kingston
$16,408$37,414$23,880
Salve Regina University
Newport
$47,930$35,096$27,000
Rhode Island College
Providence
$10,986$33,694$22,723
Roger Williams University
Bristol
$42,666$32,289$27,000

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 Providence College, approximately 13% 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 51 graduates with reported earnings and 85 graduates with debt data. Small samples may not be representative.