Psychology Degree from SUNY at Albany Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from SUNY at Albany is likely to work in.

F D C B A
Approximate Total Payment $166,178
Approximate Total Interest $47,034
Monthly Payment $1154.02
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 suny at albany

Clinical, counseling, and school psychologists

Projection Rating: D

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 34.70%-25.82%

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: 9.39%-6.99%

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: 25.78%-19.19%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a Psychology degree from SUNY at Albany, one of the most crucial factors to evaluate is the return on investment (ROI). This prestigious program not only offers a robust curriculum designed to equip students with essential skills in psychological theory and practice, but it also provides a strong foundation for future career opportunities.

The ROI of a Psychology degree from SUNY Albany can be assessed through various lenses, including career prospects, earning potential, and the overall value of the educational experience. Graduates from this program often find themselves well-prepared for a variety of roles in healthcare, education, social services, and corporate environments. Notably, many alumni report significant increases in their earning potential, with many entering the workforce at competitive salaries.

In addition to immediate financial benefits, a Psychology degree from SUNY Albany fosters critical thinking, research skills, and a deep understanding of human behavior—all of which are invaluable in today’s job market. The program also emphasizes experiential learning through internships and community engagement, providing students with practical experience that enhances their resumes and makes them more attractive to employers.

Furthermore, SUNY Albany’s extensive alumni network and career support services offer ongoing assistance to graduates, helping them navigate their career paths and maximize their earning potential. The university’s reputation and connections within the industry can lead to job placements and networking opportunities that further enhance the ROI of your degree.

In conclusion, investing in a Psychology degree from SUNY at Albany not only pays off in terms of immediate career opportunities and earning potential but also provides lifelong benefits through personal and professional development. With a strong academic foundation and a focus on real-world application, graduates can expect a favorable return on their educational investment.

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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