Analysis
William & Mary psychology graduates start at $36,818—higher than 89% of psychology programs nationally and well above Virginia's median of $32,142. More importantly, they carry just $19,379 in debt, about $6,000 less than typical psychology graduates both nationally and statewide. That 0.53 debt-to-earnings ratio means graduates need less than seven months of pre-tax income to cover their loans, a manageable position for a liberal arts degree that often leads to graduate school or career pivots.
The real story emerges over time: earnings jump 39% to $51,232 by year four, suggesting these graduates are successfully navigating early-career transitions. While other Virginia schools like VMI show higher starting salaries, William & Mary's combination of strong earnings and low debt offers unusual breathing room. Psychology majors often pursue additional education or shift into adjacent fields—that flexibility matters more when you're not burdened by heavy loan payments. The school's 33% admission rate and high SAT scores indicate you're getting competitive peer networks without the debt load of similar selective institutions.
For an anxious parent, this looks like reasonable value: your child graduates with manageable debt, earnings that exceed most psychology programs, and room to explore graduate school or career options without financial pressure forcing immediate decisions.
Where William & Mary Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How William & Mary 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 |
|---|---|---|---|
| William & Mary | $36,818 | $51,232 | +39% |
| Virginia Military Institute | $44,163 | $60,540 | +37% |
| University of Virginia-Main Campus | $36,121 | $60,347 | +67% |
| Marymount University | $33,277 | $52,616 | +58% |
| University of Richmond | $36,309 | $51,312 | +41% |
Compare to Similar Programs in Virginia
Psychology bachelors's programs at peer institutions in Virginia (41 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $25,040 | $36,818 | $51,232 | $19,379 | 0.53 | |
| $20,484 | $44,163 | $60,540 | $19,250 | 0.44 | |
| $13,815 | $36,326 | $48,517 | $21,000 | 0.58 | |
| $62,600 | $36,309 | $51,312 | $25,500 | 0.70 | |
| $20,986 | $36,121 | $60,347 | $19,500 | 0.54 | |
| $48,002 | $35,967 | $45,649 | $27,000 | 0.75 | |
| 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 William & Mary, approximately 12% 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 67 graduates with reported earnings and 105 graduates with debt data. Small samples may not be representative.