Median Earnings (1yr)
$37,563
94th percentile (80th in TN)
Median Debt
$24,589
4% below national median
Debt-to-Earnings
0.65
Manageable
Sample Size
18
Limited data

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

Rhodes CollegeOther psychology programs

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)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Rhodes College$37,563$53,414$24,5890.65
Trevecca Nazarene University$37,019—$21,3750.58
Vanderbilt University$36,716$54,652$11,2090.31
The University of the South$35,379$45,835$17,1480.48
Middle Tennessee State University$32,433$35,287$22,0000.68
University of Memphis$31,582$38,074$27,0000.85
National Median$31,482—$25,5000.81

Other Psychology Programs in Tennessee

Compare tuition, earnings, and debt across Tennessee schools

SchoolIn-State TuitionEarnings (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.