Psychology at University of Memphis

University of Memphis psychology graduates earn above the Tennessee median and carry manageable debt—a practical outcome for an accessible state university. Four years out, graduates earn $38,074, which puts them ahead of 60% of Tennessee psychology programs and slightly above the national median. The debt-to-earnings ratio of 0.85 is particularly notable; graduates owe about $27,000 while most psychology programs nationally saddle students with similar debt despite lower earnings prospects.

The 21% earnings growth from year one to year four suggests psychology graduates are finding their footing in the job market, though they'll likely never catch the top earners from private schools like Rhodes or Vanderbilt. For context, this program costs significantly less upfront than those elite alternatives while delivering earnings that aren't dramatically lower—Vanderbilt grads only earn $1,300 more four years out despite the school's prestige advantage.

The real advantage here is access: with a 93% admission rate and 40% of students on Pell grants, Memphis offers a psychology degree to students who might not have other options. If your child is realistic about psychology's earning limitations and plans to pursue graduate school or specialized certification later, this program provides a solid foundation without crushing debt. Just ensure they understand $38,000 won't go far if they're supporting themselves immediately after graduation.