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
Earnings Distribution
How Providence College 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 |
|---|---|---|---|
| Providence College | $37,863 | $58,954 | +56% |
| Roger Williams University | $32,289 | $48,854 | +51% |
| Salve Regina University | $35,096 | $47,799 | +36% |
| University of Rhode Island | $37,414 | $46,464 | +24% |
| Rhode Island College | $33,694 | $40,576 | +20% |
Compare to Similar Programs in Rhode Island
Psychology bachelors's programs at peer institutions in Rhode Island (9 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $60,848 | $37,863 | $58,954 | $27,000 | 0.71 | |
| $16,408 | $37,414 | $46,464 | $23,880 | 0.64 | |
| $47,930 | $35,096 | $47,799 | $27,000 | 0.77 | |
| $10,986 | $33,694 | $40,576 | $22,723 | 0.67 | |
| $42,666 | $32,289 | $48,854 | $27,000 | 0.84 | |
| 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 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.