Educational Psychology Degree from Ball State University Return on Investment

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

F D C B A
Approximate Total Payment $329,921
Approximate Total Interest $93,379
Monthly Payment $2291.12
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 educational psychology from ball state university

School psychologists

Projection Rating: B-

Median Annual Wage: $84,940

Percentage of Paycheck to Repay: 16.18%-12.04%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Postsecondary teachers, all other

Projection Rating: D

Median Annual Wage: $79,870

Percentage of Paycheck to Repay: 34.42%-25.61%

Employment Change: 6.5%

Entry-Level Education: Doctoral or professional degree

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Investing in your education is a significant decision, and understanding the return on investment (ROI) of an Educational Psychology degree from Ball State University can help you make an informed choice. This degree not only equips you with essential skills in understanding human behavior and learning processes but also opens doors to a variety of rewarding career paths.

Career Opportunities

Graduates with an Educational Psychology degree from Ball State can pursue diverse roles in educational settings, healthcare, and corporate environments. Potential career paths include school psychologist, educational consultant, and academic advisor. These positions often come with competitive salaries, making your degree a valuable asset in the job market.

Financial Considerations

The initial investment in your education may seem significant, but the potential for a high ROI is strong. According to recent data, professionals in educational psychology can earn an average salary ranging from $60,000 to over $90,000 annually, depending on the role and location. Additionally, many positions in this field offer excellent benefits, including health insurance, retirement plans, and opportunities for professional development.

Quality Education

Ball State University is renowned for its comprehensive Educational Psychology program, which combines theoretical knowledge with practical experience. The faculty consists of experienced professionals dedicated to your success, and the program emphasizes research-based practices that prepare you for real-world challenges.

Networking Opportunities

By choosing Ball State, you gain access to a vast network of alumni and industry professionals. This network can prove invaluable when seeking internships, job placements, or mentorship opportunities. Building connections within the industry can further enhance your career prospects and increase your earning potential.

Conclusion

In summary, pursuing an Educational Psychology degree from Ball State University not only enhances your knowledge and skills but also provides a promising return on investment. With a solid foundation, competitive salaries, and a supportive network, you can confidently embark on a fulfilling career that makes a difference in the lives of 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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