Median Earnings (1yr)
$33,368
65th percentile
40th percentile in Maine
Median Debt
$27,000
6% above national median

Analysis

Thomas College's psychology program falls in an uncomfortable middle ground—outperforming the national average by about $2,000 annually, but trailing most Maine alternatives. At $33,368 in first-year earnings, graduates earn slightly below what they'd make at larger state universities like University of Maine ($34,123) or University of Southern Maine ($33,621), and considerably less than programs at Colby College or University of New England. For a private college charging enough to generate $27,000 in typical debt, this performance gap matters.

The fundamentals aren't terrible: debt sits below national norms, and the 0.81 debt-to-earnings ratio means graduates face less than a year's salary in loans. Earnings do grow 12% over four years, reaching $37,397—a reasonable trajectory that suggests graduates aren't stuck in retail jobs forever. But with fewer than 30 graduates in the data, these numbers could swing dramatically year to year. You're essentially betting on very limited track record evidence.

If your child has substantial financial aid making Thomas comparable to in-state tuition at UMaine, the small-college environment might justify the similar outcomes. Without that aid, though, you'd be paying more for results that lag behind what Maine's public universities deliver. The program works for students who need Thomas's open admission policy and intimate setting, but it's not a value play compared to other Maine options.

Where Thomas College Stands

Earnings vs. debt across all psychology bachelors's programs nationally

Earnings Distribution

How Thomas College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Thomas College$33,368$37,397+12%
Colby College$40,842$51,623+26%
University of New England$34,791$45,506+31%
Husson University$35,259$40,628+15%
University of Southern Maine$33,621$36,601+9%

Compare to Similar Programs in Maine

Psychology bachelors's programs at peer institutions in Maine (11 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Thomas CollegeWaterville$30,896$33,368$37,397$27,0000.81
Colby CollegeWaterville$66,600$40,842$51,623
Husson UniversityBangor$22,194$35,259$40,628$29,0000.82
University of New EnglandBiddeford$42,550$34,791$45,506$27,0000.78
University of MaineOrono$12,606$34,123$35,249$26,9090.79
University of Southern MainePortland$10,920$33,621$36,601$20,7300.62
National Median$31,482$25,5000.81

Career Paths

Occupations commonly associated with psychology graduates

Industrial-Organizational Psychologists

Apply principles of psychology to human resources, administration, management, sales, and marketing problems. Activities may include policy planning; employee testing and selection, training, and development; and organizational development and analysis. May work with management to organize the work setting to improve worker productivity.

$94,310/yrJobs growth:

Clinical and Counseling Psychologists

Assess, diagnose, and treat mental and emotional disorders of individuals through observation, interview, and psychological tests. Help individuals with distress or maladjustment understand their problems through their knowledge of case history, interviews with patients, and theory. Provide individual or group counseling services to assist individuals in achieving more effective personal, social, educational, and vocational development and adjustment. May design behavior modification programs and consult with medical personnel regarding the best treatment for patients.

$94,310/yrJobs growth:

Psychologists, All Other

All psychologists not listed separately.

$94,310/yrJobs growth:

Neuropsychologists

Apply theories and principles of neuropsychology to evaluate and diagnose disorders of higher cerebral functioning, often in research and medical settings. Study the human brain and the effect of physiological states on human cognition and behavior. May formulate and administer programs of treatment.

$94,310/yrJobs growth:

Clinical Neuropsychologists

Assess and diagnose patients with neurobehavioral problems related to acquired or developmental disorders of the nervous system, such as neurodegenerative disorders, traumatic brain injury, seizure disorders, and learning disabilities. Recommend treatment after diagnosis, such as therapy, medication, or surgery. Assist with evaluation before and after neurosurgical procedures, such as deep brain stimulation.

$94,310/yrJobs growth:

Psychology Teachers, Postsecondary

Teach courses in psychology, such as child, clinical, and developmental psychology, and psychological counseling. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Managers, All Other

All managers not listed separately.

Loss Prevention Managers

Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.

Social Science Research Assistants

Assist social scientists in laboratory, survey, and other social science research. May help prepare findings for publication and assist in laboratory analysis, quality control, or data management.

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 Thomas College, approximately 15% 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.