Psychology at Luther College
Decorah, IA · Private nonprofit · Bachelor's Degree · Psychology, General
DegreeOutlook Score (Base Case)
25
Optimistic
25
Base Case
24
Pessimistic
Earnings
$30,302/yr (-4% vs median)
AI Risk
High (49% exposed)
Job Market
Very Large (125,000 openings/yr)
ROI
2.7x earnings multiple
How AI Changes the Outlook
Three scenarios based on how aggressively AI disrupts the career paths available to Psychology graduates.
| Optimistic No Disruption |
Base Case Gradual AI |
Pessimistic Aggressive AI |
|
|---|---|---|---|
| 10-Year Earnings | $544K | $540K | $497K |
| Earnings Multiple | 2.7x | 2.7x | 2.5x |
| Probability of Field Employment | 51% | 47% | 34% |
| DegreeOutlook Score | 25 | 25 | 24 |
10-Year Earnings Projection
*Year 1 uses actual reported earnings. Scenarios diverge as AI impact compounds over time.
4-Year Tuition (Sticker)
$201,280
Median Debt at Graduation
$25,823
10.2 months of Year 1 earnings
Reported Earnings (5 Year)
$51,640
70% growth from Year 1
About Luther College
Luther College accepts 73% of applicants — an open-access institution by design, a smaller institution with 1,454 students in Decorah, IA. The average net cost of $102,540 over four years represents a 49% discount from published tuition.
See all programs and financial aid at Luther College →Top Career Paths
Managers, all other
$136,550/yr
Psychologists, all other
$117,580/yr
Industrial-organizational psychologists
$109,840/yr
Compare & Explore
Psychology at Other Schools
Other Majors at Luther College
Consider the Trade Route?
Trade programs often mean less time in school, lower student debt, and hands-on career paths that tend to be more resilient to AI disruption.
Frequently Asked Questions
How does Luther College's Psychology program score?
This program scores 25/100 — on the lower end for Psychology. Prospective students should carefully weigh costs against likely earnings.
How vulnerable is Psychology to AI automation?
AI won't 'replace' Psychology careers outright, but it is likely to reduce the number of job openings. We model 49% task exposure, which compresses field employment probability in our scenarios.
Scores use College Scorecard earnings, BLS employment projections, and AI task-exposure research.
See full methodology →