Forensic Psychology Degree from George Washington University Return on Investment

See what the return on investment is for jobs that someone with a Forensic Psychology degree from George Washington University is likely to work in.

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Approximate Total Payment $464,419
Approximate Total Interest $131,446
Monthly Payment $3225.13
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 forensic psychology from george washington university

Psychologists, all other

Projection Rating: D

Median Annual Wage: $117,750

Percentage of Paycheck to Repay: 32.87%-24.46%

Employment Change: 2.9%

Entry-Level Education: Master's degree

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The pursuit of a Forensic Psychology degree from George Washington University (GWU) offers not just an enriching academic experience but also a significant return on investment (ROI). As the field of forensic psychology continues to expand, professionals equipped with this specialized education are in high demand across various sectors, including law enforcement, legal settings, and mental health institutions.

One of the key advantages of obtaining a Forensic Psychology degree from GWU is the university's esteemed reputation. GWU is consistently ranked among the top universities in the nation, and its programs are designed to provide students with both theoretical knowledge and practical skills. This combination ensures graduates are well-prepared to enter the workforce and excel in their careers.

Additionally, GWU offers robust networking opportunities through its connections with leading organizations in the field. These connections can lead to internships and job placements, which are invaluable for gaining real-world experience and enhancing employability. Graduates often report a high rate of job placement within six months of completing their degree, further underscoring the program's effectiveness.

In terms of financial ROI, the salary potential for forensic psychologists is impressive. According to the U.S. Bureau of Labor Statistics, the median annual wage for psychologists is significantly higher than the national average for all occupations. Graduates with specialized training in forensic psychology can expect to earn even more, especially in roles that require expertise in legal and criminal justice settings.

Moreover, the versatility of a Forensic Psychology degree allows graduates to explore various career paths, from working with law enforcement agencies to engaging in private practice or consulting roles. This adaptability enhances job security and career growth potential, making the investment in a GWU degree a strategic choice for aspiring professionals.

In summary, choosing to pursue a Forensic Psychology degree from George Washington University is more than just an educational experience; it is a strategic investment in your future. With strong job prospects, competitive salaries, and a network of influential connections, graduates can expect a substantial return on their investment, both personally and professionally.

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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