How Much Does It Cost to Get a Bachelors Degree in Psychology?

How Much Does It Cost to Get a Bachelors Degree in Psychology?
By Chloe Dembski
Reviewed By Dr. James Barham
Published:

Key Takeaways

  • Typically, public universities offer lower tuition fees than private colleges.
  • In-state tuition at a public four-year institution is the lowest-cost option for students.
  • An online bachelor’s in psychology may be less expensive because of the reduced commuting and housing expenses.

While a bachelor’s in psychology can be incredibly rewarding, the expenses associated with this program might be a deal breaker for some. If that sounds relatable, this blog aims to help prospective psychology students by answering the big question, “How much does it cost to get a bachelor’s degree in psychology?” By the end of this blog, you’ll be in a better position to decide whether this is the course for you.

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How much does it cost to get a bachelor’s degree in psychology?

A bachelor’s degree in psychology can cost anywhere between roughly $50,000 to $150,000. Several schools across the US offer this program, each with its own tuition rates, fees, and additional expenses. To know the exact cost figures, it’s important to do your research for the schools you’re interested in and explore their cost structures.

Bachelor’s degrees are typically less expensive than master’s and doctoral degrees. Yet, some students might still find themselves stuck with the financial burden of student loans and other expenses. If you’re an aspiring psychology student concerned about the costs of getting a bachelor’s degree, you’re not alone.

In addition to the fee, there are other expenses you need to factor in, such as textbooks, supplies, transportation, and living costs. When these costs add up, affording a bachelor’s in psychology becomes sort of a nightmare for some students. However, if you plan ahead and seek funding options, it’s entirely possible to afford the degree without breaking the bank.

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Factors that Influence the Cost of a Bachelor’s Degree in Psychology

The truth is, the amount you eventually end up paying for a bachelor’s in psychology isn’t always straightforward. Several factors influence your total tuition expenses. Some factors are related to the college you attend, while others are more about your individual circumstances.

To make it simpler, here’s a breakdown of the major factors that determine the cost of a bachelor’s in psychology:

Type of School

The type of school you choose to attend for a bachelor’s degree in psychology largely influences the total cost you bear. Typically, public institutions offer lower tuition fees than private colleges. Public universities also have separate fee structures for in-state and out-of-state students, with lower in-state fees.

According to the Education Data Initiative, in-state tuition at a public four-year institution is only 26.1% of the cost of tuition and fees at a similar private institution. So, if you’re on a budget, an in-state public college might be the right choice for you.

Modality

In most cases, the mode of your degree, i.e., online or on-campus, primarily decides the tuition fee you pay.

The U.S. News & World Report states that schools often charge less for online classes. This is mainly because when studying online, students don’t have access to the key on-campus resources available to in-person attendees. Once again, if saving up on tuition is your primary goal, it’s best to opt for an online bachelor’s in psychology.

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Financial Aid and Scholarships

Many students wish to seek help to offset those hefty college expenses. In that case, there’s no better option than applying for scholarships and grants.

Fortunately, obtaining a scholarship when pursuing a bachelor’s degree in psychology is simpler than you think. Completing the FAFSA application is the first step in determining eligibility for grants, loans, and work-study programs.

Once you’ve filled out the form, it’s time to explore various scholarship opportunities specific to psychology majors. Many organizations, foundations, and institutions offer scholarships to students pursuing degrees in psychology. Also, check with your school’s financial aid office for information on scholarships available to psychology students.

Location

The location you choose to pursue your bachelor’s in psychology also has a lot to do with the final cost of your degree. For instance, colleges in bustling cities like New York tend to have higher tuition fees.

Conversely, colleges in areas with lower living costs may offer more affordable tuition rates. This is because schools in smaller towns or rural areas often consider the local cost of living when setting fees. So, if you can’t afford to attend a school in metropolitan areas, opting for one outside these regions can significantly help reduce your financial burden.

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Top Colleges for Earning a Bachelor’s in Psychology

The US has several well-known institutes that offer a bachelor’s degree in psychology, in both online and on-campus settings. This general undergraduate degree prepares you for a graduate-level degree in different disciplines.

When deciding which school to attend, make sure you consider factors such as program duration, credit hours required, accreditation, and tuition fees. Here’s a list of the top colleges in the US that offer a bachelor’s degree program in psychology:

  1. #1

    Stanford University

    Stanford , CA
    #2 50 Best Graduate Schools Ranked for Prospective Students in 2024 #2 50 Best Private Grad Schools 2024 #3 America's 15 Most Technologically Advanced Colleges #3 Best Universities in the World 2024
    Other Rankings

    Tuition + fees

    $58K

    Acceptance

    4%

    Graduation

    95%

    Student body

    20K

    Median SAT/ACT

    1540/34

    Career Outlook for Psychology degree at Stanford University

    Cost of Degree: $58,416
    Expenses: $23,746
    Starting Salary: $85,357
    Salary after 4 years: $123,204
    Cost Recoup Time: 12 years
    Paid back at 15% of annual salary

    Established in 1885, Stanford University stands out as the top choice for students who wish to pursue a bachelor’s degree in psychology. Data from the Times Higher Education’s World University Rankings 2024 consistently ranks Stanford as the #1 school for psychology aspirants.

    During this four-year degree, you may choose from four specialization tracks: Cognitive sciences, health and development, mind, culture, and society, and neuroscience. Better yet, the psychology department offers an honors program for exceptional students.

    At SU, you may also join hands with field experts for summer research projects or participate in the Stanford University Psychology Association.

    • Program duration: 4 years
    • Accreditation: Yes (WSCUC)
    • Location: California
    • Tuition fee: $20,577 per quarter (full-time enrollment is 12-20 units per quarter)
    • Graduation rate: 96%
    • Acceptance rate: 4%
    Compare school
  2. #2

    University of Michigan

    Ann Arbor , MI
    #2 50 Best Public Colleges and Universities Ranked for Students in 2024 #2 Most Affordable Colleges and Universities in the U.S. 2024 #2 50 Best Public Grad Schools 2024 #2 Best Value Colleges and Universities Ranked for Students in 2024
    Other Rankings

    Tuition + fees

    $18K

    Acceptance

    18%

    Graduation

    93%

    Student body

    52K

    Median SAT/ACT

    1440/32

    Career Outlook for Psychology degree at University of Michigan

    Cost of Degree: $17,786
    Expenses: $16,820
    Starting Salary: $48,391
    Salary after 4 years: $68,339
    Cost Recoup Time: 10 years
    Paid back at 15% of annual salary

    At the University of Michigan, students pursuing a bachelor’s in psychology undertake comprehensive courses that prepare them for various pathways in the field. Here, students engage in research labs in disciplines such as Research Methods in Brain, Behavior, and Cognitive Science, which enhance their practical skills and understanding of the field.

    At the University of Michigan, you conduct research to prepare for grad school, join student groups for a fun campus life, and gear up for a well-rounded experience in the field of psychology.

    The best part? The university facilitates internship connections through its Department of Psychology, so you can easily enjoy placements in places like Pittsburgh and Glasgow, Scotland.

    • Program duration: 4 years
    • Accreditation: Yes (Higher Learning Commission)
    • Location: Michigan
    • Tuition fee: $9,529 (Michigan Resident), $30,905 (Non-Michigan Resident)
    • Graduation rate: 93%
    • Acceptance rate: 18%
    Compare school
    3. Woman rifling through books on a library
  3. #3

    Columbia University

    New York , NY
    #2 America's 15 Most Technologically Advanced Colleges #3 Best Universities in the US Ranked for Prospective Students in 2024 #3 50 Best Colleges and Universities Ranked for Undergrads in 2024 #3 Top Schools that Offer Free Master's Degrees Online
    Other Rankings

    Tuition + fees

    $66K

    Acceptance

    4%

    Graduation

    95%

    Student body

    37K

    Median SAT/ACT

    1535/34

    Career Outlook for Psychology degree at Columbia University

    Cost of Degree: $65,508
    Expenses: $19,958
    Starting Salary: $69,832
    Salary after 4 years: $100,796
    Cost Recoup Time: 15 years
    Paid back at 15% of annual salary

    Founded in 1754, Columbia University is one of the oldest yet most popular institutions offering a bachelor’s degree in psychology. The institute ranks #12 among National Universities according to the US News and World Report. CU’s psychology department consistently ranks among the top departments, mainly due to its world-known faculty and alumni.

    The bachelor’s program requires students to complete three foundational courses covering three key areas: The science of psychology, statistics, and research methods. Students can also explore different areas such as perception, cognition, psychobiology, neuroscience, and social psychology.

    Columbia’s psychology department also hosts an honors program for majors. This provides opportunities for research involvement through lab volunteering, faculty collaboration, and paid campus positions.

    • Program duration: 4 years
    • Accreditation: Yes (MSCHE)
    • Location: New York City
    • Tuition fee: $32,670 a term
    • Graduation rate: 96%
    • Acceptance rate: 4%
    Compare school
  5. #4

    Harvard University

    Cambridge , MA
    #1 America's 15 Most Technologically Advanced Colleges #1 Best Universities in the US Ranked for Prospective Students in 2024 #1 Online Colleges with the Most Generous Financial Aid in 2024 #1 50 Best Graduate Schools Ranked for Prospective Students in 2024
    Other Rankings

    Tuition + fees

    $57K

    Acceptance

    3%

    Graduation

    98%

    Student body

    39K

    Median SAT/ACT

    1535/35

    Career Outlook for Psychology degree at Harvard University

    Cost of Degree: $57,261
    Expenses: $26,277
    Starting Salary: $84,028
    Salary after 4 years: $121,286
    Cost Recoup Time: 13 years
    Paid back at 15% of annual salary

    Harvard University is a private, not-for-profit university located in Massachusetts, offering a four-year bachelor’s in psychology program. The psychology department at Harvard offers three concentration options: General psychology, cognitive science or cognitive neuroscience, and evolutionary psychology. You may opt for the traditional track and complete 12 courses or opt for a thesis, which requires 14 courses.

    At Harvard, you may also get ample research opportunities across various labs, both on and off campus. If you wish to pursue a career in psychology, Harvard is one of the top choices globally. However, the 3% acceptance rate makes it super competitive to secure a spot here.

    • Program duration: 4 years
    • Accreditation: Yes (New England Commission of Higher Education)
    • Location: Massachusetts
    • Tuition fee: $56,550
    • Graduation rate: 87%
    • Acceptance rate: 3%
    Compare school
  6. #5

    University of California, Berkeley

    Berkeley , CA
    #1 50 Best Public Colleges and Universities Ranked for Students in 2024 #1 Most Affordable Colleges and Universities in the U.S. 2024 #1 50 Best Public Grad Schools 2024 #1 Best Value Colleges and Universities Ranked for Students in 2024
    Other Rankings

    Tuition + fees

    $14K

    Acceptance

    11%

    Graduation

    94%

    Student body

    48K

    Career Outlook for Psychology degree at University of California, Berkeley

    Cost of Degree: $14,395
    Expenses: $28,648
    Starting Salary: $48,391
    Salary after 4 years: $68,339
    Cost Recoup Time: 12 years
    Paid back at 15% of annual salary

    At the University of California, Berkeley, students can earn their Bachelor of Arts in Psychology and set the stage for various post-graduate opportunities. Founded in 1868, the university has maintained a strong image in the field of psychology.

    The bachelor’s in psychology at UC spans four years and comprises 121 credits. You may participate in study abroad programs, research independently, and benefit from faculty expertise across areas such as neuroscience, clinical science, cognition, and social personality.

    If the cost of a bachelor’s looks intimidating, the University of California has you covered with funding through different internal awards to help you get your degree.

    • Program duration: 4 years
    • Accreditation: Yes (WASC)
    • Location: California
    • Tuition fee: $16,522 (campus residence)
    • Graduation rate: 93%
    • Acceptance rate: 11%
    Compare school
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What can you do with a bachelor’s degree in psychology?

The next big question for a lot of prospective students is: What can you do with a bachelor’s in psychology? Depending on your interests, you can tap into diverse fields with a psychology bachelor’s. Some of these high-paying psychology fields include:

Market Research Analyst

Mean Average Salary: $78,816

A market research analyst monitors industry conditions, consumer behavior, and market positioning to successfully place products in the market. They conduct interviews, analyze data, and deeply look into consumer preferences. If you’re a business enthusiast and have a psychology background, a career as a market research analyst might be a great fit.

Public Relations

Mean Average Salary: $66,750

A bachelor’s in psychology also helps you pursue a career in public relations. Managers from this field issue press releases, address media inquiries, and help manage crises. With a deep knowledge of human behavior and communication strategies, you can easily excel in public relations.

Human Resource Manager

Mean Average Salary: $82,311

Human resource managers carry out different functions within organizations, including recruitment, policy enforcement, and benefits administration. A psychology bachelor’s can help you understand the motivation behind employees’ actions, resolve conflicts, and promote a positive work environment.

Training or Development Specialist

Mean Average Salary: $69,370

Training and development professionals create programs to help employees improve their skills and performance. With a bachelor’s of science in psychology, you understand how people learn and behave, which helps you effectively train employees to succeed within their roles.

Technical Writer

Mean Average Salary: $81,001 

You could also opt to be a technical writer with a bachelor’s degree in psychology. Whether freelance or employed by a company, technical writers create and edit materials like user manuals, product guides, and articles. With a background in psychology, you can better understand your audience, relate to them, and establish stronger connections.

How much can you earn with a bachelor’s degree in psychology?

Earning a bachelor’s in psychology gears you up for a promising career in the field. However, considering the high costs associated with this degree, it’s natural to wonder whether the degree will justify the investment.

More often than not, the answer is yes. Data by ZipRecruiter suggests the annual salaries for people with a bachelor’s degree in psychology range between $49,000 and $156,500. While the majority of salaries fall between $60,000 and $116,500, the top earners can earn up to $148,500 annually.

These figures indicate that there are ample opportunities for building a successful career once you’re done with your psychology bachelors. However, the advancement of your career and increment in pay depends on factors such as your field expertise, location, and experience.

Related Questions

Is a psychology bachelor’s worth it?

Yes, a bachelor’s degree in psychology is worth it. It equips you with valuable skills you need to pursue a career in fields like education, human resources, or counseling. Whether you decide to pursue a master’s in psychology or dive straight into the professional field, a bachelor’s degree is the first step to find success.

Is it cheaper to get a bachelor’s in psychology online?

Yes. An online bachelor’s in psychology program generally provides greater flexibility than traditional on-campus programs, often resulting in lower tuition costs. With reduced commuting and housing expenses, online students can save money while benefiting from lower tuition fees.

How long does it take to complete a bachelor’s degree in psychology?

A bachelor’s degree in psychology is an undergraduate-level program that typically takes around four years to complete. You may choose between a bachelor of arts or a bachelor of science in psychology so that your degree aligns with your interests and long-term career goals.

Conclusion

While we cannot answer the question, “How much does it cost to get a bachelor’s degree in psychology?” with a specific amount, we do hope you gained some insights into how much you could expect to spend on this program. If costs are a major concern, it’s best to explore the different funding and learning options to make the degree affordable.

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