Counseling Psychology Degree from Illinois State University Return on Investment

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

F D C B A
Approximate Total Payment $198,638
Approximate Total Interest $56,221
Monthly Payment $1379.43
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 counseling psychology from illinois state university

Clinical and counseling psychologists

Projection Rating: D

Median Annual Wage: $96,100

Percentage of Paycheck to Repay: 34.45%-25.63%

Employment Change: 10.2%

Entry-Level Education: Doctoral or professional degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: D+

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 30.82%-22.93%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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If you’re considering a Counseling Psychology degree from Illinois State University, it’s essential to understand the return on investment (ROI) that this educational path can provide. Graduating with a degree in Counseling Psychology equips you with the skills necessary to pursue a fulfilling career in mental health, counseling, and various therapeutic settings. Here, we explore the key factors that contribute to the ROI of this degree.

Career Opportunities: A Counseling Psychology degree opens doors to numerous career paths. Graduates can work in schools, hospitals, private practices, and community organizations. The demand for mental health professionals is growing, which means that job security and opportunities for advancement are highly favorable.

Competitive Salaries: With a degree in Counseling Psychology, graduates can expect competitive salaries. According to the Bureau of Labor Statistics, the median annual wage for psychologists is substantial, and those with specialized training in counseling psychology might earn even more. This financial aspect significantly enhances your ROI over time.

Impact on Community: A career in counseling psychology not only offers personal financial benefits but also allows you to make a meaningful impact in your community. As a counselor, you can help individuals navigate their mental health challenges, contributing to the overall well-being of society.

Networking and Resources: Illinois State University provides robust networking opportunities through its alumni network and partnerships with local organizations. These connections can lead to internships, mentorships, and job placements, further enhancing your career prospects and ROI.

Flexibility and Specialization: The Counseling Psychology program at Illinois State University offers flexibility in course selection and the opportunity to specialize in areas such as school psychology, clinical psychology, or marriage and family therapy. This adaptability allows you to tailor your education to meet your career goals, maximizing your investment.

Personal Growth: Beyond financial considerations, pursuing a Counseling Psychology degree fosters personal growth and development. The skills you acquire, such as empathy, communication, and problem-solving, are invaluable in both professional and personal contexts.

In conclusion, investing in a Counseling Psychology degree from Illinois State University can yield significant returns, both financially and personally. With a strong job market, competitive salaries, and the opportunity to make a positive impact, this degree is a smart choice for those passionate about mental health and helping others.

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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