Psychology Degree from University of Minnesota – Morris Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from University of Minnesota – Morris is likely to work in.

F D C B A
Approximate Total Payment $175,006
Approximate Total Interest $49,533
Monthly Payment $1215.32
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 university of minnesota - morris

Clinical, counseling, and school psychologists

Projection Rating: D-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 36.54%-27.19%

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: 9.89%-7.36%

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: 27.15%-20.20%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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The Psychology Degree from the University of Minnesota – Morris offers an exceptional return on investment (ROI) for students seeking to advance their careers in the field of psychology and beyond. With a strong emphasis on experiential learning and personalized education, graduates are well-equipped to navigate the complexities of human behavior, making them valuable assets in various professional environments.

Investing in a psychology degree at UMN Morris not only provides a solid academic foundation but also opens doors to numerous career opportunities. Graduates are prepared for roles in counseling, social work, education, healthcare, and business, among others. The university’s commitment to research and hands-on experiences equips students with practical skills that are highly sought after by employers.

In terms of financial ROI, the University of Minnesota – Morris is known for its affordability and value. With competitive tuition rates and a range of financial aid options, students can minimize their educational expenses while maximizing their earning potential. According to recent statistics, psychology graduates from UMN Morris experience a significant increase in salary post-graduation, reflecting the degree’s effectiveness in enhancing career prospects.

Moreover, the university's strong alumni network provides ongoing support and valuable connections in the professional world. Graduates often find mentorship and job placement opportunities through this expansive network, further enhancing their career trajectories.

Ultimately, choosing to pursue a Psychology Degree from the University of Minnesota – Morris is a strategic investment in your future. With its combination of quality education, strong career preparation, and promising financial returns, this degree stands out as a smart choice for aspiring psychology professionals.

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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