DegreeVerdict
ROI Calculator
← Program directory
COLLEGE + DEGREE OUTCOMES

Psychology, General bachelor's degree at Luther College

Decorah, IA · Private nonprofit

What this page covers

Federal data group related majors at the same college and degree level. One record can include several named programs or concentrations.

The short version

Reported earnings are notably above similar programs.

$5,763 above the national median for the same field and degree level.

Debt as a share of earnings
46.9% of annual earnings
Highest price with a positive payoff
Not reached
Modeled 10-year payoff
−58% · Negative payoff
Available price data
College-wide context only
PRICE SENSITIVITY

The price can change the verdict.

Hold observed earnings constant and see how the modeled ten-year payoff changes as annual price rises.

What stays fixed$56,469 observed annual earnings · 4 years of study · $45,000 alternative annual earnings · ten-year horizonThe marked price is this college’s institution-wide average net price, not the exact price of this program category. This is a sensitivity test, not a tuition quote or earnings forecast.
OUTCOME SIGNALS

Graduate outcomes from several angles.

Follow earnings over time and inspect the cohort behind each federal measure.

+70%Earnings growth, year 1 → 5$30,302 → $51,640
Not availableEarn above high-school thresholdGraduate count in the year-4 cohort
Not availableWorking in the college’s stateGraduate count in the year-4 cohort
59Year-5 earnings observationsCohort behind the year-5 median
Not availableBorrowers representedCohort behind the debt median
Not availableAwarding-school debtDebt attributed to the college granting the credential
Not availableRecent awardsIPEDS 2024–25 first-major completions in this field and credential
01 · PRICE CONTEXT$23,097

Institution-wide annual average net price, not this program’s price.

02 · BORROWING$26,500

Median federal debt across schools attended at this academic level.

03 · EARNINGS$56,469

Observed median earnings four full years after completion.

04 · REPAYMENT$281/mo

Estimated standard 10-year federal payment.

WHAT WILL IT COST?

Published college costs provide the starting point.

Your exact offering, aid, residency and time to finish determine the price you actually pay.

Enter my price →
AVERAGE NET PRICE$23,097Institution-wide annual figure
COST OF ATTENDANCE$65,461Institution-wide annual budget
ADMISSION RATE71.5%Institution context
COMPLETION RATE71.1%Institution-wide completion rate
WHAT DO GRADUATES EARN?

Reported earnings after completion.

Each point may represent a different federal cohort. A missing bar means the figure was unavailable or suppressed.

$30,302Year 1
$56,469Year 4
$51,640Year 5
CAN THE EARNINGS SUPPORT THE DEBT?

6.0% of gross monthly earnings

Estimated monthly payment divided by observed gross monthly earnings. This excludes taxes, other debts and income-driven repayment.

Gross monthly earnings$4,706
Estimated loan payment$281
Not availableborrowers represented where reported
HOW DOES IT COMPARE?

$56,469 vs. $50,706

$5,763 above the national median for the same field and credential.

Same-field national median
WHAT WORK CAN IT LEAD TO?

Related occupations, wages and outlook.

Official CIP–SOC links show careers the curriculum may prepare students for, not observed jobs held by this school’s graduates. BLS wages describe everyone working in an occupation.

BLS May 2025 wage estimates and 2025–35 employment projections.
Industrial-Organizational Psychologists$193,950 median wageU.S. estimate · 790 jobs · 19-3032+6.5% projected U.S. growth · 300 openings/yrTypical entry: Master's degreePsychologists, All Other$138,420 median wageIA estimate · 60 jobs · 19-3039$122,930–$155,210 middle 50% of IA wages+2.3% projected U.S. growth · 3,500 openings/yrTypical entry: Master's degreeManagers, All Other$128,080 median wageIA estimate · 3,600 jobs · 11-9199$89,800–$165,840 middle 50% of IA wages+4.9% projected U.S. growth · 100,900 openings/yrTypical entry: Bachelor's degreeClinical and Counseling Psychologists$91,690 median wageIA estimate · 440 jobs · 19-3033$74,990–$129,970 middle 50% of IA wages+11.7% projected U.S. growth · 4,100 openings/yrTypical entry: Doctoral or professional degreePsychology Teachers, Postsecondary$78,450 median wageIA estimate · 320 jobs · 25-1066$62,070–$101,580 middle 50% of IA wages+4.0% projected U.S. growth · 3,700 openings/yrTypical entry: Doctoral or professional degreeSocial Science Research Assistants$40,940 median wageIA estimate · 140 jobs · 19-4061$33,000–$44,520 middle 50% of IA wages+5.0% projected U.S. growth · 4,900 openings/yrTypical entry: Bachelor's degree
Possible alternatives

Same degree, stronger on at least one reported measure.

Every option below reports higher earnings, lower federal debt or a lower college-wide net price. Same-state options appear first.

Davenport, IA

Saint Ambrose University

$334 higher earnings · $1,310 less debt

Earnings
$56,803
Debt
$25,190
Annual net price
$24,691
View outcomes →
Cedar Falls, IA

University of Northern Iowa

$4,000 less debt · $7,196 lower annual net price

Earnings
$53,829
Debt
$22,500
Annual net price
$15,901
View outcomes →
Iowa City, IA

University of Iowa

$2,102 less debt · $566 lower annual net price

Earnings
$51,031
Debt
$24,398
Annual net price
$22,531
View outcomes →
Ames, IA

Iowa State University

$3,379 less debt · $4,508 lower annual net price

Earnings
$49,286
Debt
$23,121
Annual net price
$18,589
View outcomes →
Compare these programs →
DATA QUALITY

Check the evidence behind the estimate.

59 observations in the earnings cohort

June 10, 2026 College Scorecard release

Observed, estimated and contextual figures are labeled separately throughout this page

IS IT WORTH IT AT YOUR PRICE?

Your price and current earnings determine the result.

Add your grants, borrowing and current salary to estimate payment pressure, break-even time and ten-year payoff.

Calculate my payoff →