Program Wage and Debt Outcomes by Institution home page

Program Details
Virginia Tech
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: BS

2010 CIP Code: 420101

	Credit Hours	Program Offered
On-Campus:	Yes	Yes
Off-Campus:	Yes	Yes

Date Progam Approved to Confer Degrees: Before SCHEV

Program authorized for distance learning

Enrollments and Awards
Academic Year	Fall Headcount	Annual FTE	Degrees
2018-19	523	559	207
2019-20	577	607	259
2020-21	673	706	281
2021-22	687	719	236
2022-23	709	741	247

Average time-to-completion in years	Average credits-to-completion	Average monthly earnings six months after graduation
3.99	124	$ 2,499

Average time-to-completion in years (transfer students)	Average credits-to-completion (transfer students)
2.78	85

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	178	29	207
2019-20	226	33	259
2020-21	232	49	281
2021-22	198	38	236
2022-23	200	47	247
Five Year Summary	1,034	196	1,230

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	17	81	1	122	1,230	97	813	24	1,230

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)	1,531	38%	$51,437	$68,886	$95,436
2013-14 (8 years)	1,571	39%	$48,336	$66,815	$87,208
2016-17 (5 years)	1,285	40%	$42,164	$58,128	$74,770
2018-19 (3 years)	1,106	42%	$31,368	$46,514	$63,037
2020-21 (18 months)	1,166	47%	$16,360	$28,999	$42,961

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	629	55.8%	$ 19,457	$ 27,000	$ 29,736	$ 31,947
2014-15 to 2018-19	564	55.2%	$ 19,063	$ 27,000	$ 29,861	$ 32,000
2015-16 to 2019-20	563	55.4%	$ 19,000	$ 26,875	$ 29,670	$ 31,947
2016-17 to 2020-21	563	54.1%	$ 19,000	$ 27,000	$ 29,658	$ 32,000
2017-18 to 2021-22	588	54.1%	$ 18,500	$ 26,911	$ 29,684	$ 32,093

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	632	56.0%	$ 20,500	$ 28,590	$ 39,249	$ 50,780
2014-15 to 2018-19	566	55.4%	$ 20,923	$ 29,000	$ 41,219	$ 54,884
2015-16 to 2019-20	566	55.7%	$ 20,450	$ 28,240	$ 40,647	$ 54,785
2016-17 to 2020-21	566	54.4%	$ 20,500	$ 29,000	$ 40,954	$ 54,325
2017-18 to 2021-22	591	54.4%	$ 19,500	$ 28,922	$ 41,007	$ 54,895

More Details on Enrollment History.

More Details on Degree Awards History.