Analysis
William Penn's psychology program outperforms national expectations but falls in the middle of Iowa's competitive landscape. At $35,122 in first-year earnings, graduates earn more than 78% of psychology majors nationwide—a genuinely strong showing that beats the national median by over $3,600. Within Iowa, though, where psychology programs cluster tightly around $34,000-$37,000, this program sits squarely at the median, with several in-state alternatives producing notably higher earnings.
The $27,443 in median debt translates to less than nine months of first-year income, a manageable burden that's actually below the national median for psychology programs. That 0.78 debt-to-earnings ratio means graduates start with reasonable financial footing, especially compared to many liberal arts degrees. The challenge isn't the debt load—it's that Upper Iowa and Waldorf graduates earn $6,000-$7,000 more annually from day one, which compounds significantly over a career.
The small sample size here (under 30 graduates) warrants caution—these numbers could shift considerably with more data. For families considering William Penn specifically for its campus community or financial aid package, the psychology program won't create financial hardship. But if you're comparison shopping among Iowa schools purely on post-graduation outcomes, the data suggests looking at those top performers first, particularly if career earnings matter more than institutional fit.
Where William Penn University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How William Penn University graduates compare to all programs nationally
Compare to Similar Programs in Iowa
Psychology bachelors's programs at peer institutions in Iowa (27 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $28,750 | $35,122 | — | $27,443 | 0.78 | |
| $19,000 | $42,183 | $40,524 | $41,478 | 0.98 | |
| $25,220 | $41,193 | $45,304 | $29,136 | 0.71 | |
| $52,576 | $37,072 | $37,384 | $27,000 | 0.73 | |
| $40,190 | $35,559 | $34,524 | $32,500 | 0.91 | |
| $33,450 | $34,709 | $39,150 | $28,200 | 0.81 | |
| 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 Penn University, approximately 46% 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 28 graduates with reported earnings and 38 graduates with debt data. Small samples may not be representative.