Analysis
Is a bachelor's in research psychology worth $24,375 in debt when early earnings hover around $35,000? Similar programs nationally suggest this is about what psychology graduates earn in their first year, though North Carolina programs typically produce stronger outcomes—Duke's graduates, for instance, start at $39,000. The estimated debt here runs double what NC psychology programs typically carry ($12,125 median), which matters when you're earning barely more than many associate-degree holders.
The 0.70 debt-to-earnings ratio isn't alarming on its surface—you're not borrowing more than you'll earn—but psychology degrees rarely lead to high-paying positions without graduate school. If your child plans to pursue a master's or PhD, that $24,375 becomes the foundation of a much larger debt burden. And with William Peace's 97% admission rate and below-average SAT scores, the school may not provide the research opportunities or graduate school placement that stronger programs offer.
The uncertainty here cuts both ways: actual outcomes for William Peace graduates could be better or worse than these national estimates suggest. What's clear is that North Carolina has stronger psychology programs with lower debt loads. Unless there's a compelling reason to attend William Peace specifically—location, fit, or financial aid that dramatically reduces the actual cost—it's worth comparing offers from UNC system schools or other NC institutions where you'd have clearer outcome data and likely better value.
Where William Peace University Stands
Earnings vs. debt across all research and experimental psychology bachelors's programs nationally
Compare to Similar Programs in North Carolina
Research and Experimental Psychology bachelors's programs at peer institutions in North Carolina (3 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $33,150 | $34,769* | — | $24,375* | — | |
| $65,805 | $39,359* | — | $12,125* | 0.31 | |
| National Median | — | $34,768* | — | $21,500* | 0.62 |
Career Paths
Occupations commonly associated with research and experimental psychology graduates
Statisticians
Biostatisticians
Medical Scientists, Except Epidemiologists
Clinical and Counseling Psychologists
Psychologists, All Other
Neuropsychologists
Clinical Neuropsychologists
Psychology Teachers, Postsecondary
Health Specialties Teachers, Postsecondary
Child, Family, and School Social Workers
Managers, All Other
Compliance Managers
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 Peace University, approximately 35% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the national median of 84 similar programs. Actual outcomes may vary.