Program Wage and Debt Outcomes by Institution home page

Program Details
Ferrum College
Psychology, General (42.0101)
Bachelor's Degree

Enrollment, Awards, Wages, Debt, and Other Outcomes

Psychology

Program Status: Active/Approved to Enroll Students and Confer Degrees

Degree Title: BA/BS

2010 CIP Code: 420101

	Credit Hours	Program Offered
On-Campus:	Yes	No
Off-Campus:	Yes	No

Date Progam Approved to Confer Degrees: Before SCHEV

Date of Last Council Action (mm/yyyy) 07/1975

Enrollments and Awards
Academic Year	Fall Headcount	Annual FTE	Degrees
2018-19	39	37	9
2019-20	44	44	9
2020-21	30	32	4
2021-22	25	29	7
2022-23	37	40	3

Average time-to-completion in years	Average credits-to-completion	Average monthly earnings six months after graduation
4.07	122	$ 2,343

Average time-to-completion in years (transfer students)	Average credits-to-completion (transfer students)
4.25	102

The table to the right provides the degree award history of each the last five years, disaggregated by state residency. This breakout may may help explain why a relatively low percentage of program completers may appear to be working in Virginia.

Program Graduates by Domicile
Year	In-State	Out-of-State	Total
2018-19	7	2	9
2019-20	7	2	9
2020-21	4	0	4
2021-22	6	1	7
2022-23	2	1	3
Five Year Summary	26	6	32

Distribution by Gender and Race/Ethnicity within Five-year Totals,

Year	Foreign/ International	African Am. or Black (NH)	Am. Indian/ Native Am. (NH)	Asian/ Pacific Islander (NH)	Hispanic	White, Caucasian Am. (NH)	Multi-Race (NH)	Unknown/ Unreported (NH)	Total
Sum of the Last 5 Years	0	9	1	0	32	2	17	0	32

Wages Earned in 2020

The table below shows the wage data for the select program and places it in the context of all wages at the same degree level of this institution by graduates with at least three (3) quarters of employment.

Post-Completion Wage Outcomes, Earnings in 2022
Graduation Year	Grads (n)	Grads w/Wages (n)	25th Percentile	Median Wage	75th Percentile
2011-12 (10 years)	47	62%	$42,530	$49,744	$64,303
2013-14 (8 years)	57	63%	$39,434	$49,151	$68,503
2016-17 (5 years)	56	55%	$33,990	$40,923	$65,695
2018-19 (3 years)	58	53%	$25,401	$34,108	$44,279
2020-21 (18 months)	43	56%	$25,227	$28,969	$36,249

Student Debt of Graduates

Number of Borrowers and Known Debt at Graduation
	Borrowers (n)	Borrowers (%)	25th Percentile	Median	Mean	75th Percentile
2013-14 to 2017-18	55	93.2%	$ 26,713	$ 30,870	$ 33,418	$ 42,878
2014-15 to 2018-19	50	89.3%	$ 25,922	$ 30,435	$ 34,111	$ 42,878
2015-16 to 2019-20	42	87.5%	$ 25,385	$ 29,085	$ 33,666	$ 44,000
2016-17 to 2020-21	37	90.2%	$ 25,000	$ 29,000	$ 33,026	$ 42,000
2017-18 to 2021-22	36	90.0%	$ 25,461	$ 30,435	$ 34,129	$ 43,351

Note: Student borrowing at graduation, excludes PLUS loans, in five-year rollups. Includes all known institutionally-processed borrowing occuring at all public and nonprofit institutions in Virginia. Debt accrued outside Virginia in prior postsecondary activity is not available.

Number of Borrowers and Known Debt at Graduation, Including Parent-PLUS and Grad-PLUS
	Borrowers (n)	Borrowers (%)	25th Percentile	Median	Mean	75th Percentile
2013-14 to 2017-18	55	93.2%	$ 36,896	$ 52,114	$ 50,311	$ 65,051
2014-15 to 2018-19	50	89.3%	$ 35,875	$ 54,101	$ 51,763	$ 69,584
2015-16 to 2019-20	42	87.5%	$ 27,000	$ 54,600	$ 53,968	$ 77,148
2016-17 to 2020-21	37	90.2%	$ 33,092	$ 54,530	$ 54,132	$ 70,567
2017-18 to 2021-22	36	90.0%	$ 36,153	$ 56,510	$ 58,796	$ 78,002

More Details on Enrollment History.

More Details on Degree Awards History.