Analysis
Rhodes College psychology graduates face a challenge common to the major—modest starting pay—but they navigate it better than most. At $37,563, first-year earnings sit in the 94th percentile nationally and 80th percentile in Tennessee, essentially matching what Vanderbilt psychology grads earn. That's a meaningful advantage in a field where the national median hovers around $31,500. Four years out, earnings jump 42% to over $53,000, suggesting graduates are successfully moving into higher-paying roles that value liberal arts training beyond entry-level positions.
The debt load of roughly $25,000 is manageable, creating a first-year ratio of 0.65—well below the concerning 1.0 threshold. Compared to other Tennessee psychology programs charging similar amounts, Rhodes delivers superior outcomes. However, these figures come from a small sample (under 30 graduates), so individual results will vary more than at larger programs. The 15% Pell Grant population also suggests this data may not reflect outcomes for students with fewer financial resources.
For families who can afford Rhodes' private school tuition and see value in a selective liberal arts environment, the psychology program holds up well against alternatives. Just understand you're betting on the long-term career flexibility that comes from a strong institutional brand rather than immediate high earnings—a trade-off that appears to be working for recent graduates.
Where Rhodes College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Rhodes 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 |
|---|---|---|---|
| Rhodes College | $37,563 | $53,414 | +42% |
| Vanderbilt University | $36,716 | $54,652 | +49% |
| The University of the South | $35,379 | $45,835 | +30% |
| The University of Tennessee-Chattanooga | $30,984 | $39,041 | +26% |
| Tennessee State University | $30,735 | $38,799 | +26% |
Compare to Similar Programs in Tennessee
Psychology bachelors's programs at peer institutions in Tennessee (34 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $54,892 | $37,563 | $53,414 | $24,589 | 0.65 | |
| $29,790 | $37,019 | — | $21,375 | 0.58 | |
| $63,946 | $36,716 | $54,652 | $11,209 | 0.31 | |
| $53,698 | $35,379 | $45,835 | $17,148 | 0.48 | |
| $9,506 | $32,433 | $35,287 | $22,000 | 0.68 | |
| $10,344 | $31,582 | $38,074 | $27,000 | 0.85 | |
| 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 Rhodes College, approximately 15% 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 18 graduates with reported earnings and 24 graduates with debt data. Small samples may not be representative.