Analysis
Purchase College's psychology program starts rough but shows unusual earning momentum that changes the value equation. While graduates earn just $27,838 in their first year—well below both national and state medians—within four years they're at $44,175, ranking in the top 15% nationally for psychology bachelor's degrees. That 59% earnings jump is far steeper than typical psychology programs show.
The debt load of $24,250 is reasonable at 0.87 times first-year earnings, and it becomes increasingly manageable as those earnings climb. Still, parents need to understand what that first year looks like: their child will likely be cobbling together entry-level work while building toward better opportunities. The state context matters here—Purchase ranks at the 40th percentile among New York psychology programs for early earnings, suggesting it's a middle-of-the-pack option within the state initially.
The crucial question is whether your family can support that difficult first year or two. If your child can weather the slow start (perhaps living at home or taking a gap year internship), the trajectory becomes compelling. But if they'll need immediate earnings to service debt, this program's delayed payoff poses real challenges. The data suggests patience gets rewarded here, but you need a plan for the interim.
Where SUNY at Purchase College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How SUNY at Purchase 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 |
|---|---|---|---|
| SUNY at Purchase College | $27,838 | $44,175 | +59% |
| Cornell University | $36,630 | $64,146 | +75% |
| Fordham University | $28,256 | $58,590 | +107% |
| Binghamton University | $30,023 | $58,122 | +94% |
| Ithaca College | $27,814 | $55,104 | +98% |
Compare to Similar Programs in New York
Psychology bachelors's programs at peer institutions in New York (92 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $8,953 | $27,838 | $44,175 | $24,250 | 0.87 | |
| $7,410 | $48,299 | $41,272 | $19,462 | 0.40 | |
| — | $43,574 | — | $28,914 | 0.66 | |
| $7,352 | $39,868 | $41,004 | $11,700 | 0.29 | |
| $7,630 | $39,188 | $40,013 | $29,050 | 0.74 | |
| $21,810 | $38,918 | $37,736 | $20,500 | 0.53 | |
| 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 SUNY at Purchase College, approximately 36% 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 64 graduates with reported earnings and 75 graduates with debt data. Small samples may not be representative.