Analysis
SUNY Old Westbury's psychology program faces a significant hurdle right out of the gate: graduates earn $31,000 in their first year, landing below both the state median ($31,548) and at just the 40th percentile among New York psychology programs. More concerning is the debt situation—at $18,394, graduates here carry substantially less debt than typical psychology majors (who average $25,000-$25,500), yet even this lower figure creates a debt-to-earnings ratio of 0.59 when paired with those modest starting salaries.
The silver lining is meaningful earnings growth. By year four, median earnings jump to $42,411, a 37% increase that suggests graduates find their footing in the job market. However, this still leaves them trailing stronger New York programs like CUNY's Medgar Evers College ($39,868) or Empire State University ($39,188), which likely offer better starting positions. For a school serving nearly half its students through Pell grants, the lower debt load matters—these families can't afford heavy borrowing—but the weak initial earnings create real cash flow challenges during those critical first years after graduation.
If your child is set on psychology and needs affordability, the low debt here is genuinely valuable. Just understand they'll likely need family support or a side job early on, and they'll be playing catch-up compared to peers at more competitive New York programs. The 85% admission rate means access is easy; translating that degree into middle-class earnings takes longer here than elsewhere.
Where SUNY Old Westbury Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How SUNY Old Westbury 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 Old Westbury | $31,000 | $42,411 | +37% |
| 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 |
|---|---|---|---|---|---|
| $8,379 | $31,000 | $42,411 | $18,394 | 0.59 | |
| $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 Old Westbury, approximately 47% 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 117 graduates with reported earnings and 140 graduates with debt data. Small samples may not be representative.