Analysis
Spelman's psychology program shows something unusual for the field: strong earnings growth that lifts graduates well above typical outcomes. While the first-year salary of $29,343 sits slightly below the national average, by year four these graduates earn $43,305—37% above what the typical psychology BA commands nationally. Among Georgia's 41 psychology programs, this places Spelman at the 60th percentile, meaningfully above the state median of $28,180.
The $26,000 debt load is right in line with both national and state norms for psychology degrees, making the debt-to-earnings ratio manageable even in that challenging first year. What matters more is where graduates land by year four, when their debt burden represents just 60% of annual earnings. This trajectory suggests Spelman's network and career support are creating opportunities that many psychology programs—particularly at less selective schools—simply don't deliver.
For parents concerned about the practicality of a psychology degree, this program demonstrates that outcomes depend heavily on institutional resources. The 48% earnings jump indicates graduates are moving into professional roles, not remaining stuck in entry-level positions. At a highly selective HBCU with strong corporate and graduate school connections, this psychology degree appears to function more as a liberal arts foundation than a dead-end credential.
Where Spelman College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Spelman 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 |
|---|---|---|---|
| Spelman College | $29,343 | $43,305 | +48% |
| Emory University | $32,085 | $52,842 | +65% |
| Oglethorpe University | $25,170 | $49,884 | +98% |
| Agnes Scott College | $24,277 | $47,388 | +95% |
| University of Georgia | $29,874 | $46,847 | +57% |
Compare to Similar Programs in Georgia
Psychology bachelors's programs at peer institutions in Georgia (41 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $30,058 | $29,343 | $43,305 | $26,000 | 0.89 | |
| $33,275 | $36,497 | — | $30,761 | 0.84 | |
| $15,036 | $34,260 | — | $31,000 | 0.90 | |
| $60,774 | $32,085 | $52,842 | $20,500 | 0.64 | |
| $31,725 | $31,474 | — | $26,000 | 0.83 | |
| $5,786 | $31,450 | $42,774 | $26,869 | 0.85 | |
| 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 Spelman College, approximately 29% 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 60 graduates with reported earnings and 83 graduates with debt data. Small samples may not be representative.