Psychology Degree from Covenant College Return on Investment

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

F D C B A
Approximate Total Payment $304,360
Approximate Total Interest $86,144
Monthly Payment $2113.61
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 covenant college

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 63.55%-47.29%

Employment Change: 12.3%

Entry-Level Education: Doctoral or professional degree

Industrial-organizational psychologists

Projection Rating: B-

Median Annual Wage: $147,420

Percentage of Paycheck to Repay: 17.20%-12.80%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: F-

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 47.22%-35.14%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in your education is a significant decision, and choosing a Psychology degree from Covenant College can yield substantial returns. This program not only equips students with a comprehensive understanding of psychological principles but also prepares them for diverse career paths in mental health, counseling, education, and research.

The return on investment (ROI) of a Psychology degree from Covenant College is enhanced by the college's commitment to academic excellence and personal development. Graduates benefit from a well-rounded education that emphasizes critical thinking, effective communication, and ethical decision-making. These skills are highly valued in today’s job market, making Covenant College graduates competitive candidates for various roles.

Furthermore, the growing demand for mental health professionals indicates a promising job outlook for psychology graduates. According to the U.S. Bureau of Labor Statistics, employment in the field of psychology is projected to grow significantly in the coming years, particularly in clinical and counseling settings. By earning a Psychology degree from Covenant College, students position themselves to tap into this expanding job market, increasing their earning potential and career longevity.

Covenant College also offers robust career support services, including internships, networking opportunities, and personalized guidance. These resources help students gain practical experience and build connections that can lead to job placements post-graduation. The combination of a respected degree, hands-on experience, and a strong professional network contributes to a higher ROI for Covenant College psychology graduates.

Ultimately, choosing a Psychology degree from Covenant College is an investment in your future. With a solid academic foundation, valuable skills, and a supportive community, graduates are well-prepared to make meaningful contributions to their fields while enjoying a fruitful career. Explore the possibilities that await you with a Psychology degree from Covenant College and take the first step towards a rewarding future.

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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