Psych was the fallback department for many people in my undergrad university, too. It was a small, private, liberal arts school, and not everyone could hack the challenge level. It always sort of annoyed me because I had an interest in psych, but I was not about to major (or minor) in it given its reputation as a cop-out major.
Looking back these 20-ish years, I'd say that I got a good education at the private school, but I'm not sure it was worth all the extra $$$. Even factoring in my scholarships, I suspect I'd have been better served overall at a state school for undergrad. I'd have missed out on some things that were fabulous, but I'm not sure those opportunities were worth all the money.
And at today's prices? Well, I suspect my kids will be state school bound! Barring a really good scholarship at an expensive school, of course.
