Analysis
William Carey's psychology program places graduates at a significant disadvantage compared to national standards, with first-year earnings of $21,799 landing in just the 5th percentile nationally. That means 95% of psychology programs nationwide produce better earning outcomes. The $32,693 in median debt amplifies this challenge—graduates owe 1.5 times what they'll earn in their first year, compared to the national program standard of roughly 0.8 times first-year earnings.
The Mississippi context offers little comfort. While this program ranks at the 40th percentile statewide—technically middle-of-the-pack—Mississippi's top public universities demonstrate what's possible even within the state: Ole Miss psychology grads earn $30,336 their first year, nearly 40% more. The $6,000+ earnings gap between William Carey and Mississippi State or Southern Miss makes a real difference when you're carrying over $32,000 in debt on a $22,000 salary.
The 19% earnings growth to $26,038 by year four helps but doesn't solve the fundamental problem. At that trajectory, graduates won't reach the national median first-year earnings ($31,482) until well into their careers. For families considering this program, the comparison to Mississippi's flagship universities is telling: similar in-state tuition costs, dramatically different outcomes. Unless there are compelling personal reasons to attend William Carey specifically, the state's public options offer substantially better value for psychology students.
Where William Carey University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How William Carey 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 |
|---|---|---|---|
| William Carey University | $21,799 | $26,038 | +19% |
| University of Mississippi | $30,336 | $44,740 | +47% |
| Mississippi State University | $27,416 | $37,133 | +35% |
| Mississippi College | $23,683 | $35,654 | +51% |
| Jackson State University | $24,757 | $34,357 | +39% |
Compare to Similar Programs in Mississippi
Psychology bachelors's programs at peer institutions in Mississippi (13 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $14,685 | $21,799 | $26,038 | $32,693 | 1.50 | |
| $9,412 | $30,336 | $44,740 | $24,600 | 0.81 | |
| $9,618 | $28,130 | $32,661 | $22,685 | 0.81 | |
| $9,815 | $27,416 | $37,133 | $25,480 | 0.93 | |
| $19,280 | $26,257 | — | $25,250 | 0.96 | |
| $9,090 | $24,757 | $34,357 | $31,000 | 1.25 | |
| 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 Carey University, approximately 25% 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 35 graduates with reported earnings and 67 graduates with debt data. Small samples may not be representative.