Analysis
Washington College's psychology program stands out for strong earnings growth that transforms what looks like a modest starting point into solid mid-career outcomes. Graduates earn $34,490 in their first year—above the national median but in the middle of Maryland's pack—but by year four, incomes jump 47% to reach $50,653. That trajectory matters more than the initial number, especially for a psychology bachelor's where many graduates pursue additional credentials or gradually move into better-paying roles.
The financial structure here works in students' favor. At $27,000 in median debt, graduates owe just 78 cents for every dollar of first-year earnings—a manageable load that's actually lower than typical for Maryland psychology programs. This combination of controlled debt and rising earnings creates breathing room during those crucial early career years when many psychology graduates are finding their footing or pursuing graduate education.
For parents worried about psychology's reputation as a "risky" major, Washington College's version delivers better-than-average outcomes with less financial stress. The program outperforms three-quarters of psychology programs nationally and sits comfortably in Maryland's top half, all without the debt burden that often accompanies selective private colleges. If your child is genuinely interested in psychology and willing to be patient with career progression, this represents a relatively safe bet in a field where outcomes vary widely.
Where Washington College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Washington 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 |
|---|---|---|---|
| Washington College | $34,490 | $50,653 | +47% |
| Loyola University Maryland | $26,103 | $55,969 | +114% |
| University of Maryland-College Park | $35,933 | $54,690 | +52% |
| University of Maryland-Baltimore County | $35,721 | $48,488 | +36% |
| Bowie State University | $36,765 | $47,990 | +31% |
Compare to Similar Programs in Maryland
Psychology bachelors's programs at peer institutions in Maryland (21 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $54,356 | $34,490 | $50,653 | $27,000 | 0.78 | |
| $7,992 | $42,056 | $47,572 | $23,465 | 0.56 | |
| $8,999 | $36,765 | $47,990 | $28,375 | 0.77 | |
| $11,505 | $35,933 | $54,690 | $20,500 | 0.57 | |
| $12,952 | $35,721 | $48,488 | $20,500 | 0.57 | |
| $9,772 | $34,426 | — | $21,956 | 0.64 | |
| 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 Washington College, approximately 21% 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 38 graduates with reported earnings and 51 graduates with debt data. Small samples may not be representative.