Median Earnings (1yr)
$37,863
95th percentile
60th percentile in Rhode Island
Median Debt
$27,000
6% above national median

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

School1 Year4 YearsGrowth
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)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Providence CollegeProvidence$60,848$37,863$58,954$27,0000.71
University of Rhode IslandKingston$16,408$37,414$46,464$23,8800.64
Salve Regina UniversityNewport$47,930$35,096$47,799$27,0000.77
Rhode Island CollegeProvidence$10,986$33,694$40,576$22,7230.67
Roger Williams UniversityBristol$42,666$32,289$48,854$27,0000.84
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 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.