Psychology Degree from Benedictine College Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from Benedictine College is likely to work in.

F D C B A
Approximate Total Payment $284,904
Approximate Total Interest $80,638
Monthly Payment $1978.50
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 psychology from benedictine college

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 59.49%-44.27%

Employment Change: 12.3%

Entry-Level Education: Doctoral or professional degree

Industrial-organizational psychologists

Projection Rating: B-

Median Annual Wage: $147,420

Percentage of Paycheck to Repay: 16.11%-11.98%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: F

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 44.20%-32.89%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a Psychology degree from Benedictine College, one of the most critical factors to evaluate is the return on investment (ROI). This esteemed institution not only offers a rigorous academic curriculum but also provides numerous opportunities for personal and professional growth, ensuring that graduates are well-prepared to enter the workforce.

The ROI of a Psychology degree from Benedictine College can be measured in various ways, including potential earnings, job placement rates, and the skills acquired during the program. Graduates from this program often find themselves in high-demand roles in diverse fields such as counseling, social work, human resources, and education. With the psychology field continuing to grow, the demand for qualified professionals remains strong.

Students at Benedictine College benefit from small class sizes and personalized attention from experienced faculty, which enhances their learning experience and prepares them for real-world challenges. The curriculum emphasizes critical thinking, research skills, and ethical practices, all of which are essential in today’s job market.

Furthermore, the college’s strong alumni network can be a valuable resource for graduates seeking job opportunities. Many alumni have successfully secured positions in reputable organizations, reflecting the quality of education and training provided by the college.

In terms of financial ROI, graduates can expect competitive starting salaries, which tend to increase significantly with experience. According to recent data, individuals with a Bachelor's degree in Psychology can earn an average starting salary that is notably higher than those with only a high school diploma. This financial advantage, combined with career advancement opportunities, underscores the value of investing in a Psychology degree from Benedictine College.

In summary, the return on investment for a Psychology degree from Benedictine College is substantial. With its comprehensive curriculum, supportive faculty, and strong career prospects, students can confidently pursue their passion for psychology while ensuring a promising future.

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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