Analysis
Waldorf University's psychology program dramatically outperforms the national landscape—graduates earn $41,193 in their first year, placing them in the 95th percentile nationally and roughly $10,000 above the typical psychology bachelor's degree holder. That's rare for this field, where earnings often struggle to justify the investment. The debt load of $29,136 sits slightly above state and national medians but remains reasonable, with a debt-to-earnings ratio of 0.71 that's well within manageable territory.
Within Iowa, the picture is more nuanced. Waldorf ranks near the middle of the pack at the 60th percentile—trailing only Upper Iowa University among comparable programs and beating out established liberal arts colleges like Coe and Buena Vista. For a school with a 73% admission rate serving a substantial Pell-eligible population, these outcomes are notably strong. The 10% earnings growth over four years suggests graduates find stable footing in the job market rather than hitting an immediate ceiling.
For an anxious parent, this program offers something psychology degrees often don't: earnings that actually justify the credential. Your child would be borrowing less than one year's starting salary to access a program that clearly connects graduates to better-than-average opportunities. Among Iowa's 27 psychology programs, this represents a solid middle-tier choice with a track record of delivering results that exceed the dismal national norm for this major.
Where Waldorf University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Waldorf University 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 |
|---|---|---|---|
| Waldorf University | $41,193 | $45,304 | +10% |
| Loras College | $23,564 | $48,256 | +105% |
| Saint Ambrose University | $32,627 | $46,127 | +41% |
| Luther College | $30,302 | $46,087 | +52% |
| University of Iowa | $33,057 | $45,188 | +37% |
Compare to Similar Programs in Iowa
Psychology bachelors's programs at peer institutions in Iowa (27 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $25,220 | $41,193 | $45,304 | $29,136 | 0.71 | |
| $19,000 | $42,183 | $40,524 | $41,478 | 0.98 | |
| $52,576 | $37,072 | $37,384 | $27,000 | 0.73 | |
| $40,190 | $35,559 | $34,524 | $32,500 | 0.91 | |
| $28,750 | $35,122 | — | $27,443 | 0.78 | |
| $33,450 | $34,709 | $39,150 | $28,200 | 0.81 | |
| 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 Waldorf University, approximately 34% 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 65 graduates with reported earnings and 95 graduates with debt data. Small samples may not be representative.