Bachelor's · Louisville, Kentucky

Is Psychology, General at Spalding University worth it?

Low confidence Low confidence: fewer than 40 graduates behind the earnings figures.

The verdict · all families, in-state, half paid with loans

Pays back slowly: graduates typically recover the cost in about 16.1 years.

Earnings 1 year after graduating: $41,874; Treasury AY2020-21, AY2021-22 pooled earnings cohort measured in CY2022, CY2023, inflation adjusted to 2024 dollars
Earnings 4 years after graduating: $44,533; Treasury AY2017-2018, AY2018-2019 pooled earnings cohort measured in CY2022, CY2023, inflation adjusted to 2024 dollars
Typical federal debt at graduation: $22,198; NSLDS pooled AY2022-23, AY2023-24 cohort
Net cost to graduate, all families: $103k (likely $103k – $119k); AcadYr 2024-25, reported in IPEDS DCY2025-26
Earnings bump, year 4: $8k a year vs high-school graduates aged 25–34 in KY; 2023 ACS 5-year pooled, adjusted to 2024 dollars
Payback: 16.1 years (likely 9.2–20+); Bump vs net cost plus loan interest
10-year net return: −$202k (likely −$273k – −$132k); Today's dollars
20-year net return: −$117k (likely −$250k – $32k); Today's dollars
Odds of finishing (school-wide): 45%; Fall 2019 or AcadYr 2019-20 cohort (differs by institutional calendar), reported in IPEDS DCY2025-26