How much debt do Baker College psychology graduates have?

The median federal loan balance is $41,688, which ranks 21st lowest of 21 psychology bachelor's programs in Michigan. That works out to about $442 a month over 10 years.

Is a psychology degree from Baker College worth it?

It depends on your other options. Debt equals 127% of first-year earnings, against a national median of 78%. Compare the cost with other Michigan programs before deciding.

Baker College Psychology (Bachelor's): Tuition, Graduate Salary, and Debt

Q: Do Baker College psychology graduates stay in Michigan?

Most do. 83% (34 of 41) were working in Michigan one year after graduating.

Bachelor's in Psychology, General
Private nonprofit college
Owosso, MI
About 45 graduates a year

College Scorecard June 2026 release · BLS wages May 2025

The short answer

Baker College psychology graduates earn about what psychology graduates earn nationally, $32,913 in their first year. Debt is high. The typical graduate leaves with $41,688 in federal loans, more than at 99% of psychology programs in the country. It is one of the higher-paying psychology degrees in Michigan.

First-year earnings$32,91362nd percentile of 875 programs nationally

Earnings after 5 years$39,02219% more than year one

Median federal debt$41,68821st lowest of 21 Michigan programs

Debt-to-earnings127%Michigan median 88%, national 78%

How it compares

Each figure is the median for graduates of the program. The Michigan and national columns are the medians across all psychology bachelor's programs that report the figure.

	Baker College	Michigan	National
Earnings, 1 year after graduating	$32,913	$30,100	$31,479
Earnings, 5 years after graduating	$39,022	$48,393	$49,019
Median federal debt at graduation	$41,688	$26,724	$25,624
Debt as share of first-year pay	127%	88%	78%
Programs compared		21	875

Five years out, Baker College graduates earn less than the national figure and about $9,371 less than the Michigan median.

Debt and first-year pay at every Michigan psychology program

Programs in the upper left give graduates higher pay for less debt. Dashed lines mark the Michigan medians.

Baker CollegeOther Michigan programs

Hover over or tap a dot to see the school. Only programs that report both earnings and debt are shown.

What graduates earn over time

Pay rises about 19% between the first and fifth year.

Baker College grads, year 1$32,913

Baker College grads, year 5$39,022

All Michigan psychology grads, year 5$48,393

Year 1 and year 5 figures come from different graduating classes, so the growth rate is an estimate.

Paying back the loans

On a standard 10-year plan, the median debt means a payment of about $442 a month, or 16.1% of a graduate's typical monthly pay in the first year.

Two years into repayment (78 borrowers)	Share
Paid off in full	20% or less
Paying down the balance	20% or less
Paused payments (forbearance)	20–39%
In default	20% or less

The government publishes these as ranges to protect privacy. They were measured in 2018 to 2020, partly during the pandemic pause on federal loan payments, so the forbearance share may be higher than usual.

Where graduates work, and what the pay is worth

83% of graduates (34 of 41) were working in Michigan one year after graduating. Prices in the parts of Michigan outside metro areas are about 11% below the national average, so a $32,913 salary here buys what about $36,993 buys in a typical US city.

Careers this field leads to

These are the jobs that the federal crosswalk from fields of study to occupations links to psychology, largest first. Pay is the median across all experience levels.

Clinical and Counseling Psychologists

$84,730

Median pay in Michigan. 2,170 people work in this job in Michigan. Nationally, jobs are projected to grow 12% from 2025 to 2035, with about 4,100 openings a year. Typical education to start: doctoral or professional degree.

Bottom 10%: $61,290Top 10%: $134,980

Social Science Research Assistants

$60,210

Median pay in Michigan. 750 people work in this job in Michigan. Nationally, jobs are projected to grow 5% from 2025 to 2035, with about 4,900 openings a year. Typical education to start: bachelor's degree.

Bottom 10%: $41,970Top 10%: $82,870

Industrial-Organizational Psychologists

$193,950

Median pay nationwide. Nationally, jobs are projected to grow 7% from 2025 to 2035, with about 300 openings a year. Typical education to start: master's degree.

About Baker College

Tuition and fees	$13,000 / year
Average net price after aid	$13,157 / year
Admission rate	82%
Graduation rate (within 6 years)	36%
Undergraduate students	3,026

Psychology ranks 17th of 17 bachelor's programs at Baker College by first-year earnings. The top three are Graphic Communications ($74,387), Nursing ($69,067), and Mechanical Engineering ($68,060).

Other psychology bachelor's programs near Owosso

School	Distance	Year 1 pay	Debt
Baker CollegeOwosso, MI · private nonprofit		$32,913	$41,688
Michigan StateEast Lansing, MI · public	23 mi	$30,164	$25,250
UM-FlintFlint, MI · public	24 mi	$30,259	$29,500
Saginaw Valley StateUniversity Center, MI · public	38 mi	$30,092	$26,447
Central Michigan UniversityMount Pleasant, MI · public	52 mi	$31,166	$27,000
Oakland UniversityRochester Hills, MI · public	53 mi	$28,026	$24,510
University of OlivetOlivet, MI · private nonprofit	53 mi	$25,656	$27,000
Rochester Christian UniversityRochester Hills, MI · private nonprofit	56 mi	$33,375	$29,687
Spring Arbor UniversitySpring Arbor, MI · private nonprofit	57 mi	$35,492	$26,000

Common questions

The median graduate earns $32,913 one year after graduating and $39,022 five years after. The median across psychology bachelor's programs in Michigan is $30,100.

About this data

Earnings and debt only include students who received federal financial aid (grants or loans).
Earnings only count graduates who were working and not enrolled in more school. Graduates who went straight to further study are not included.
Debt only includes federal loans. Private loans and credit cards are not counted.
Some schools with several campuses report one combined figure for all of them. We count each of those schools once, and leave them out of Michigan comparisons when their main campus is in another state.
Scorecard figures describe graduating classes from several years ago. BLS wages are from May 2025.
School-level numbers like tuition, admission rate, and graduation rate are for the whole school, not the psychology program.

Sources

U.S. Department of Education, College Scorecard, field of study and institution files, June 2026 release
Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025
Bureau of Labor Statistics, Employment Projections 2025 to 2035
Bureau of Economic Analysis, Regional Price Parities, 2024
NCES, CIP 2020 to SOC 2018 crosswalk, and IPEDS institution directory, 2024

Psychology bachelor's programs in Michigan, ranked21 programs by pay and debt Psychology bachelor's programs in the US, ranked875 programs by pay and debt All Baker College programs, ranked32 programs by pay and debt