Psychiatric Mental Health Nurse, Nursing Degree from University of Iowa Return on Investment

See what the return on investment is for jobs that someone with a Psychiatric Mental Health Nurse, Nursing degree from University of Iowa is likely to work in.

F D C B A
Approximate Total Payment $104,346
Approximate Total Interest $29,533
Monthly Payment $724.62
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 psychiatric mental health nurse, nursing from university of iowa

Registered nurses

Projection Rating: B+

Median Annual Wage: $86,070

Percentage of Paycheck to Repay: 10.10%-7.52%

Employment Change: 197.2%

Entry-Level Education: Bachelor's degree

Psychiatric aides

Projection Rating: C

Median Annual Wage: $39,160

Percentage of Paycheck to Repay: 22.20%-16.52%

Employment Change: 0.3%

Entry-Level Education: High school diploma or equivalent

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When considering a career in the healthcare field, the role of a Psychiatric Mental Health Nurse (PMHN) is both rewarding and impactful. If you’re looking to pursue a Nursing Degree from the University of Iowa, understanding the return on investment (ROI) is essential. This degree not only equips you with the necessary skills to provide high-quality mental health care but also positions you for lucrative job opportunities.

The University of Iowa offers a comprehensive nursing program that prepares graduates for the complexities of mental health nursing. With a strong emphasis on both theoretical knowledge and practical experience, students learn to assess, diagnose, and manage patients with various mental health conditions. The rigorous curriculum, combined with clinical placements, ensures that graduates are well-prepared to enter the workforce.

In terms of financial ROI, the demand for psychiatric mental health nurses is on the rise. According to the Bureau of Labor Statistics, employment for registered nurses is expected to grow significantly over the next decade, with mental health nursing being one of the most sought-after specialties. This demand translates into competitive salaries, job stability, and opportunities for advancement.

Graduates from the University of Iowa can expect to start their careers with a solid salary, often exceeding $70,000 annually, depending on location and experience. Additionally, many employers offer benefits such as tuition reimbursement for further education, which can enhance your earning potential even more.

Furthermore, the University of Iowa's strong network of alumni and partnerships with healthcare facilities provide valuable connections for job placements and internships, further increasing your chances of securing a well-paying position shortly after graduation.

Investing in a Nursing Degree from the University of Iowa is not just about the education itself; it’s about the long-term career potential and making a meaningful difference in the lives of individuals struggling with mental health issues. With a strong ROI, a fulfilling career path, and the opportunity to work in a field that is increasingly important in today’s society, becoming a Psychiatric Mental Health Nurse is a decision that will pay dividends for years to come.

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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