Psychology Degree from Benedictine University Return on Investment

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

F D C B A
Approximate Total Payment $265,842
Approximate Total Interest $75,242
Monthly Payment $1846.12
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 psychology from benedictine university

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 55.51%-41.30%

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: 15.03%-11.18%

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: 41.25%-30.69%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Are you considering a psychology degree from Benedictine University? Understanding the return on investment (ROI) of your education is crucial for making an informed decision about your future. A psychology degree can open doors to various career paths, including counseling, social work, and organizational psychology, allowing you to make a meaningful impact in people's lives.

At Benedictine University, the psychology program is designed to equip students with critical thinking, research, and interpersonal skills that are highly valued in the workforce. Graduates often find employment in diverse fields such as healthcare, education, and human resources, leading to a strong earning potential.

According to recent data, the average salary for psychology graduates can range significantly depending on the specific career path chosen. Positions in clinical psychology or counseling can yield salaries upwards of $60,000 annually, while roles in industrial-organizational psychology can exceed $80,000, especially with advanced degrees.

Investing in your education at Benedictine University not only provides you with a solid foundation in psychological principles but also enhances your employability. The university's strong network of alumni and partnerships with local organizations can facilitate internships and job placements, further increasing your ROI.

Additionally, the value of a psychology degree extends beyond financial gain. The skills and knowledge acquired can lead to personal growth and professional satisfaction, making it a worthwhile investment in your future.

In summary, pursuing a psychology degree from Benedictine University can yield a significant return on investment through competitive salaries, diverse career opportunities, and valuable life skills. Start your journey today and explore how a psychology degree can transform your 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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