Psychology Degree from Northern Arizona University Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from Northern Arizona University is likely to work in.

F D C B A
Approximate Total Payment $170,664
Approximate Total Interest $48,304
Monthly Payment $1185.17
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in psychology from northern arizona university

Clinical, counseling, and school psychologists

Projection Rating: D-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 35.64%-26.52%

Employment Change: 12.3%

Entry-Level Education: Doctoral or professional degree

Industrial-organizational psychologists

Projection Rating: A-

Median Annual Wage: $147,420

Percentage of Paycheck to Repay: 9.65%-7.18%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: C-

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 26.48%-19.70%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a Psychology Degree from Northern Arizona University, understanding the return on investment (ROI) is crucial for prospective students. This degree offers not only a comprehensive education in psychology but also valuable skills that can translate into a rewarding career. With a focus on critical thinking, research methods, and human behavior, graduates are well-prepared for various roles in mental health, education, social services, and more.

The ROI of a Psychology Degree from NAU can be seen through several key factors:

  • Career Opportunities: Graduates can pursue a wide array of career paths, including positions as counselors, social workers, and human resources specialists. The demand for mental health professionals continues to grow, providing job stability and opportunities for advancement.
  • Higher Earning Potential: According to recent statistics, individuals with a bachelor’s degree in psychology can earn significantly more than those with only a high school diploma. With further education, such as a master’s or doctoral degree, the earning potential increases even more.
  • Skill Development: The curriculum at NAU emphasizes essential skills such as communication, analytical thinking, and problem-solving. These skills are highly valued in various industries, enhancing employability and career growth.
  • Networking Opportunities: NAU provides numerous networking opportunities through internships, research projects, and alumni connections, which can lead to job placements and mentorship.

In summary, investing in a Psychology Degree from Northern Arizona University not only equips students with the knowledge needed to understand and support others but also positions them for a successful and financially rewarding career. With a solid foundation and ample opportunities for growth, this degree represents a promising ROI for future professionals in the field of psychology.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.

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