How much debt do Goucher College psychology graduates have?

The median federal loan balance is $26,000, which ranks 10th lowest of 17 psychology bachelor's programs in Maryland. That works out to about $276 a month over 10 years.

Is a psychology degree from Goucher College worth it?

It depends on your other options. Debt equals 83% of first-year earnings, against a national median of 78%. Compare the cost with other Maryland programs before deciding.

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

Bachelor's in Psychology, General
Private nonprofit college
Baltimore, MD
About 49 graduates a year

College Scorecard June 2026 release · BLS wages May 2025

The short answer

Goucher College psychology graduates earn about what psychology graduates earn nationally, $31,463 in their first year. The typical graduate leaves with $26,000 in federal loans, close to the national median of $25,624. Several Maryland programs report higher pay.

First-year earnings$31,46349th percentile of 875 programs nationally

Earnings after 5 years$54,91475% more than year one

Median federal debt$26,00010th lowest of 17 Maryland programs

Debt-to-earnings83%Maryland median 78%, national 78%

How it compares

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

	Goucher College	Maryland	National
Earnings, 1 year after graduating	$31,463	$31,463	$31,479
Earnings, 5 years after graduating	$54,914	$54,434	$49,019
Median federal debt at graduation	$26,000	$25,283	$25,624
Debt as share of first-year pay	83%	78%	78%
Programs compared		17	875

Five years out, Goucher College graduates earn more than the national figure and about the same as the Maryland median.

Debt and first-year pay at every Maryland psychology program

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

Goucher CollegeOther Maryland 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 75% between the first and fifth year.

Goucher College grads, year 1$31,463

Goucher College grads, year 5$54,914

All Maryland psychology grads, year 5$54,434

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

Does family income change the outcome?

Graduates who received Pell Grants, which go to students from lower-income families, earned about the same in their first year as other graduates. At this program, the outcome does not look worse for students with less money.

Pell Grant recipients, year 1 earnings$31,076Median debt $26,769

Other graduates, year 1 earnings$30,995Median debt $25,000

Paying back the loans

On a standard 10-year plan, the median debt means a payment of about $276 a month, or 10.5% of a graduate's typical monthly pay in the first year.

Two years into repayment (56 borrowers)	Share
Paid off in full	20% or less
Paying down the balance	20–39%
Paused payments (forbearance)	20% or less
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

Prices in the Baltimore area are about 4% above the national average, so a $31,463 salary here buys what about $30,112 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

$100,580

Median pay nationwide. 2,140 people work in this job in Maryland. 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.

Social Science Research Assistants

$65,550

Median pay in Maryland. 700 people work in this job in Maryland. 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%: $47,260Top 10%: $113,020

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 Goucher College

Tuition and fees	$53,350 / year
Average net price after aid	$22,470 / year
Admission rate	78%
Graduation rate (within 6 years)	57%
Undergraduate students	964

Psychology ranks 4th of 5 bachelor's programs at Goucher College by first-year earnings. The top three are Economics ($46,774), Business Administration ($46,511), and English ($32,545).

Other psychology bachelor's programs near Baltimore

School	Distance	Year 1 pay	Debt
Goucher CollegeBaltimore, MD · private nonprofit		$31,463	$26,000
Towson UniversityTowson, MD · public	1 mi	$34,375	$20,788
Morgan StateBaltimore, MD · public	5 mi	$30,813	$31,000
Loyola University MarylandBaltimore, MD · private nonprofit	5 mi	$26,103	$27,000
University of BaltimoreBaltimore, MD · public	7 mi	$34,426	$21,956
Coppin StateBaltimore, MD · public	8 mi	$33,312	$31,000
Stevenson UniversityOwings Mills, MD · private nonprofit	10 mi	$28,182	$27,000
UMBCBaltimore, MD · public	12 mi	$35,721	$20,500
Bowie StateBowie, MD · public	28 mi	$36,765	$28,375

Common questions

The median graduate earns $31,463 one year after graduating and $54,914 five years after. The median across psychology bachelor's programs in Maryland is $31,463.

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 Maryland 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 Maryland, ranked17 programs by pay and debt Psychology bachelor's programs in the US, ranked875 programs by pay and debt All Goucher College programs, ranked5 programs by pay and debt