Median Earnings (1yr)
$31,658
51st percentile (40th in IL)
Median Debt
$22,625
11% below national median
Debt-to-Earnings
0.71
Manageable
Sample Size
33
Adequate data

Analysis

Wheaton College's psychology graduates start at modest salaries—slightly below the Illinois median—but their earnings trajectory tells a more encouraging story. After four years, median pay jumps 48% to $46,741, outpacing most peers and reaching beyond what students from higher-earning programs like Northwestern see at the same career stage. The $22,625 in typical debt is meaningfully lower than both state and national averages, translating to a manageable debt-to-earnings ratio even in that first challenging year.

The catch is timing. Early-career psychology graduates everywhere face a gap between education costs and entry wages, and Wheaton's graduates are no exception. That first year at $31,658 requires either family support, side work, or patience as career momentum builds. But unlike programs that plateau quickly, this one rewards that patience with consistent income growth. Among Illinois psychology programs, Wheaton ranks around the 40th percentile initially—solidly middle-of-the-pack—but the controlled debt load distinguishes it from pricier alternatives.

For families who can weather those first couple years financially, the math works. The question isn't whether psychology pays off here, but whether your household can bridge the early earning years while those career foundations take root. If so, the combination of below-average debt and above-average growth creates space for graduates to build toward financial stability without crushing payment obligations.

Where Wheaton College Stands

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

Wheaton CollegeOther psychology programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Wheaton College graduates compare to all programs nationally

Wheaton College graduates earn $32k, placing them in the 51th percentile of all psychology bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Illinois

Psychology bachelors's programs at peer institutions in Illinois (52 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Wheaton College$31,658$46,741$22,6250.71
Northwestern University$44,088$61,389$14,5000.33
St. Augustine College$42,911—$5,0500.12
Trinity International University-Illinois$39,980—$24,5620.61
The Chicago School at Chicago$39,596—$40,6451.03
National Louis University$35,798—$37,1701.04
National Median$31,482—$25,5000.81

Other Psychology Programs in Illinois

Compare tuition, earnings, and debt across Illinois schools

SchoolIn-State TuitionEarnings (1yr)Debt
Northwestern University
Evanston
$65,997$44,088$14,500
St. Augustine College
Chicago
$13,288$42,911$5,050
Trinity International University-Illinois
Deerfield
$12,320$39,980$24,562
The Chicago School at Chicago
Chicago
$20,844$39,596$40,645
National Louis University
Chicago
$12,345$35,798$37,170

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 Wheaton College, approximately 20% 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 33 graduates with reported earnings and 53 graduates with debt data. Small samples may not be representative.