Analysis
Saint Mary's psychology graduates start behind most Indiana peers—earning $32,213 in their first year compared to the state median of $33,132—but the earnings trajectory tells a more encouraging story. By year four, median earnings jump to $47,897, a 49% increase that represents strong career momentum. The $27,000 median debt load is reasonable and actually lower than both national and state averages for psychology programs.
The caveat here matters: with fewer than 30 graduates in this dataset, these numbers could swing significantly from year to year. That said, the debt-to-earnings ratio of 0.84 suggests graduates aren't carrying burdensome debt relative to what they're making. Psychology majors rarely see spectacular starting salaries anywhere, and Saint Mary's fits that pattern while keeping debt manageable.
For families weighing this option, the key question is whether your child plans to pursue graduate school (common in psychology) or enter the workforce immediately. The earnings growth suggests graduates are finding their footing, but starting salaries trail programs like Indiana State and Trine by $3,000-5,000. If Saint Mary's offers a better fit culturally or academically, the modest debt burden means this choice won't be financially punishing—just understand you're paying for the college experience, not a standout financial outcome in psychology specifically.
Where Saint Mary's College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Saint Mary's 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 |
|---|---|---|---|
| Saint Mary's College | $32,213 | $47,897 | +49% |
| University of Indianapolis | $32,237 | $56,992 | +77% |
| Taylor University | $30,311 | $53,764 | +77% |
| Indiana University-Bloomington | $33,810 | $47,627 | +41% |
| Indiana University-South Bend | $32,143 | $44,088 | +37% |
Compare to Similar Programs in Indiana
Psychology bachelors's programs at peer institutions in Indiana (44 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $51,430 | $32,213 | $47,897 | $27,000 | 0.84 | |
| $35,600 | $37,096 | $39,713 | $27,000 | 0.73 | |
| $9,576 | $37,096 | $39,713 | $27,000 | 0.73 | |
| $30,446 | $36,111 | — | $33,611 | 0.93 | |
| $9,900 | $36,111 | — | $33,611 | 0.93 | |
| $9,992 | $35,742 | $37,358 | $27,000 | 0.76 | |
| 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 Saint Mary's 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 17 graduates with reported earnings and 37 graduates with debt data. Small samples may not be representative.