Median Earnings (1yr)
$32,550
58th percentile (60th in VA)
Median Debt
$27,000
6% above national median
Debt-to-Earnings
0.83
Manageable
Sample Size
50
Adequate data

Analysis

Roanoke College psychology graduates see something unusual: their earnings jump 42% by year four, reaching $46,137—well above what most psychology majors earn at that stage. While the starting salary of $32,550 is modest, it outpaces both the national and Virginia medians, placing this program in the 60th percentile statewide.

The debt picture strengthens the case. At $27,000, graduates owe less than 80% of their first-year earnings and carry below-average debt compared to psychology programs nationally. This positions recent grads to manage payments while their income grows. However, even with strong earnings growth, four-year earnings still lag behind Virginia's top-performing programs like VMI and William & Mary by roughly $8,000-12,000. The moderate sample size (30-100 graduates) means individual outcomes vary, but the pattern suggests graduates find paths to better-compensated roles over time.

For families concerned about a psychology degree's return on investment, this program offers a relatively safe bet. The combination of manageable debt and solid earnings trajectory means your child won't face the financial strain common to many psychology graduates. The starting salary won't impress, but the growth curve and debt load make this a workable investment—especially if your student plans to pursue graduate school or career pivots that benefit from that four-year earnings momentum.

Where Roanoke College Stands

Earnings vs. debt across all psychology bachelors's programs nationally

Roanoke 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 Roanoke College graduates compare to all programs nationally

Roanoke College graduates earn $33k, placing them in the 58th 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 Virginia

Psychology bachelors's programs at peer institutions in Virginia (41 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Roanoke College$32,550$46,137$27,0000.83
Virginia Military Institute$44,163$60,540$19,2500.44
William & Mary$36,818$51,232$19,3790.53
George Mason University$36,326$48,517$21,0000.58
University of Richmond$36,309$51,312$25,5000.70
University of Virginia-Main Campus$36,121$60,347$19,5000.54
National Median$31,482—$25,5000.81

Other Psychology Programs in Virginia

Compare tuition, earnings, and debt across Virginia schools

SchoolIn-State TuitionEarnings (1yr)Debt
Virginia Military Institute
Lexington
$20,484$44,163$19,250
William & Mary
Williamsburg
$25,040$36,818$19,379
George Mason University
Fairfax
$13,815$36,326$21,000
University of Richmond
University of Richmond
$62,600$36,309$25,500
University of Virginia-Main Campus
Charlottesville
$20,986$36,121$19,500

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 Roanoke College, approximately 24% 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 50 graduates with reported earnings and 70 graduates with debt data. Small samples may not be representative.