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
Earnings Distribution
How Roanoke 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 |
|---|---|---|---|
| Roanoke College | $32,550 | $46,137 | +42% |
| Virginia Military Institute | $44,163 | $60,540 | +37% |
| University of Virginia-Main Campus | $36,121 | $60,347 | +67% |
| Marymount University | $33,277 | $52,616 | +58% |
| University of Richmond | $36,309 | $51,312 | +41% |
Compare to Similar Programs in Virginia
Psychology bachelors's programs at peer institutions in Virginia (41 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $36,774 | $32,550 | $46,137 | $27,000 | 0.83 | |
| $20,484 | $44,163 | $60,540 | $19,250 | 0.44 | |
| $25,040 | $36,818 | $51,232 | $19,379 | 0.53 | |
| $13,815 | $36,326 | $48,517 | $21,000 | 0.58 | |
| $62,600 | $36,309 | $51,312 | $25,500 | 0.70 | |
| $20,986 | $36,121 | $60,347 | $19,500 | 0.54 | |
| 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 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.