Psychology at Rhodes College
Bachelor's Degree
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
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 Rhodes College graduates compare to all programs nationally
Rhodes College graduates earn $38k, placing them in the 94th 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 Tennessee
Psychology bachelors's programs at peer institutions in Tennessee (34 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Rhodes College | $37,563 | $53,414 | $24,589 | 0.65 |
| Trevecca Nazarene University | $37,019 | — | $21,375 | 0.58 |
| Vanderbilt University | $36,716 | $54,652 | $11,209 | 0.31 |
| The University of the South | $35,379 | $45,835 | $17,148 | 0.48 |
| Middle Tennessee State University | $32,433 | $35,287 | $22,000 | 0.68 |
| University of Memphis | $31,582 | $38,074 | $27,000 | 0.85 |
| National Median | $31,482 | — | $25,500 | 0.81 |
Other Psychology Programs in Tennessee
Compare tuition, earnings, and debt across Tennessee schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Trevecca Nazarene University Nashville | $29,790 | $37,019 | $21,375 |
| Vanderbilt University Nashville | $63,946 | $36,716 | $11,209 |
| The University of the South Sewanee | $53,698 | $35,379 | $17,148 |
| Middle Tennessee State University Murfreesboro | $9,506 | $32,433 | $22,000 |
| University of Memphis Memphis | $10,344 | $31,582 | $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 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.