Counseling Psychology Degree from Loyola University Chicago Return on Investment

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

F D C B A
Approximate Total Payment $370,346
Approximate Total Interest $104,820
Monthly Payment $2571.85
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 loyola university chicago

Clinical and counseling psychologists

Projection Rating: F-

Median Annual Wage: $96,100

Percentage of Paycheck to Repay: 64.23%-47.79%

Employment Change: 10.2%

Entry-Level Education: Doctoral or professional degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: F-

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 57.46%-42.76%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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The Counseling Psychology degree from Loyola University Chicago offers an exceptional return on investment (ROI) for aspiring mental health professionals. As one of the leading programs in the field, this degree combines rigorous academic training with practical experience, preparing graduates for a successful career in counseling and psychology.

One of the standout features of Loyola's Counseling Psychology program is its strong emphasis on applied learning. Students engage in hands-on training through practicum placements and internships, allowing them to gain real-world experience while building valuable professional connections. This experiential learning approach not only enhances students' skills but also significantly boosts their employability upon graduation.

Additionally, Loyola University Chicago is renowned for its faculty, comprised of experienced professionals who are actively engaged in research and practice. This access to expert mentorship and guidance equips students with the knowledge and confidence needed to excel in their careers. Graduates often report high levels of satisfaction with their education, noting that it has directly contributed to their career advancement and professional opportunities.

Financially, the ROI of a Counseling Psychology degree from Loyola is compelling. Graduates frequently secure positions in high-demand areas such as mental health counseling, school psychology, and clinical practice, often commanding competitive salaries. According to recent employment statistics, many alumni find jobs shortly after graduation, with many reporting salaries that exceed the national average for similar positions.

Moreover, Loyola’s commitment to supporting students through career services and networking opportunities further enhances the value of the degree. The university's extensive alumni network provides graduates with pathways to job placements and professional development, ensuring that their investment in education pays off over time.

In summary, pursuing a Counseling Psychology degree from Loyola University Chicago not only equips students with a robust educational foundation but also offers a significant return on investment. With its blend of practical experience, expert faculty, and strong career support, this program stands out as a wise choice for those looking to make a meaningful impact in the field of mental health.

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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