Analysis
Reed's psychology program sits squarely in the middle of the pack—60th percentile in Oregon, 59th nationally—with recent graduates earning $32,634 initially. That's competitive for psychology but not enough to distinguish this highly selective liberal arts college from much less expensive alternatives. Pacific University and Oregon State graduates earn roughly $2,000-$2,300 more right out of college, and they're not charging Reed-level tuition to get there.
The debt figure of $22,844 looks reasonable at first glance, but remember this only captures federal loans. At a school where 88% of students come from families that don't qualify for Pell grants and the sticker price exceeds $80,000 annually, many families are either paying substantially out of pocket or taking private loans that don't appear in this data. The 18% earnings growth to $38,334 after four years is solid, but it doesn't fundamentally change the economic equation for a family stretching to afford Reed.
Here's the practical consideration: if your child is genuinely drawn to Reed's academic rigor and conference-style classes, understand you're paying a premium for the educational experience itself, not career earnings. The small sample size (under 30 graduates) means these numbers could shift significantly year to year, but they suggest psychology graduates here earn roughly what they would at less expensive Oregon schools.
Where Reed College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Reed 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 |
|---|---|---|---|
| Reed College | $32,634 | $38,334 | +17% |
| Pacific University | $34,930 | $48,027 | +37% |
| Lewis & Clark College | $26,790 | $48,023 | +79% |
| University of Portland | $28,420 | $47,168 | +66% |
| Oregon State University | $34,736 | $44,498 | +28% |
Compare to Similar Programs in Oregon
Psychology bachelors's programs at peer institutions in Oregon (19 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $67,020 | $32,634 | $38,334 | $22,844 | 0.70 | |
| $54,466 | $34,930 | $48,027 | $27,000 | 0.77 | |
| $13,494 | $34,736 | $44,498 | $25,340 | 0.73 | |
| $12,594 | $34,736 | $44,498 | $25,340 | 0.73 | |
| $49,530 | $34,628 | — | $27,000 | 0.78 | |
| $11,025 | $34,038 | $43,164 | $23,448 | 0.69 | |
| 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 Reed College, approximately 12% 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 24 graduates with reported earnings and 26 graduates with debt data. Small samples may not be representative.