University of New Mexico Psychology (Bachelor's): Tuition, Graduate Salary, and Debt
- Bachelor's in Psychology, General
- Public university
- Albuquerque, NM
- About 376 graduates a year
College Scorecard June 2026 release · BLS wages May 2025
The short answer
University of New Mexico psychology graduates earn about what psychology graduates earn nationally, $31,466 in their first year. Where this program stands out is debt. The typical graduate leaves with $20,475 in federal loans, less than at 86% of psychology programs in the country. Strong value, but not one of the highest-paying psychology degrees in New Mexico.
How it compares
Each figure is the median for graduates of the program. The New Mexico and national columns are the medians across all psychology bachelor's programs that report the figure.
Five years out, University of New Mexico graduates earn less than the national figure and about the same as the New Mexico median.
Debt and first-year pay at every New Mexico psychology program
Programs in the upper left give graduates higher pay for less debt. Dashed lines mark the New Mexico medians.
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 43% between the first and fifth year.
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 more in their first year than other graduates, but borrowed more: a median of $22,149 against $12,750.
Paying back the loans
On a standard 10-year plan, the median debt means a payment of about $217 a month, or 8.3% of a graduate's typical monthly pay in the first year.
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. Separately, 20 parents took out Parent PLUS loans for these students, with a median of $6,630.
Where graduates work, and what the pay is worth
84% of graduates (313 of 374) were working in New Mexico one year after graduating. Prices in the Albuquerque area are about 4% below the national average, so a $31,466 salary here buys what about $32,933 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
$124,800Median pay in New Mexico. 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
$50,640Median pay in New Mexico. 50 people work in this job in New Mexico. 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.
Industrial-Organizational Psychologists
$193,950Median 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 University of New Mexico
Psychology ranks 26th of 42 bachelor's programs at University of New Mexico by first-year earnings. The top three are Computer and Information Science ($89,498), Nursing ($82,216), and Engineering Science ($64,405).
Common questions
The median graduate earns $31,466 one year after graduating and $45,076 five years after. The median across psychology bachelor's programs in New Mexico is $27,483.
The median federal loan balance is $20,475, which ranks 4th lowest of 5 psychology bachelor's programs in New Mexico. That works out to about $217 a month over 10 years.
On the numbers, yes for most students. Debt equals 65% of first-year earnings, against a national median of 78%, and the share of borrowers in default two years into repayment is 5% or less.
Most do. 84% (313 of 374) were working in New Mexico one year after graduating.
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 New Mexico 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