Opinions on undergraduate psychology programs were obtained from 348 psychology alumni who graduated between 1978 and 1988, and from 101 psychology faculty who taught during this same period on eight campuses of California State University. Twenty items reflecting student development and eight items measuring program quality were factor analyzed separately and were combined into five factors (personal growth, cultural diversity, basic skills, scientific principles, and program quality). Alumni were generally positive about their programs and their learning. Alumni were particularly aware of the major's contributions to their personal growth. Faculty mean responses about student personal growth and learning were generally between "fair" and "good," with higher ratings given to basic skills and scientific principles items. Alumni and faculty mean ratings were significantly different overall on 4 of the 5 factors and on 21 of 27 items. Every item assessing student development that revealed a significant difference was marked higher by alumni, and every item assessing program quality was marked higher by faculty. (Six references) (JDD)