Psychology Degree from Boise State University Return on Investment

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

F D C B A
Approximate Total Payment $144,128
Approximate Total Interest $40,793
Monthly Payment $1000.89
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 boise state university

Clinical, counseling, and school psychologists

Projection Rating: D+

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 30.09%-22.39%

Employment Change: 12.3%

Entry-Level Education: Doctoral or professional degree

Industrial-organizational psychologists

Projection Rating: A-

Median Annual Wage: $147,420

Percentage of Paycheck to Repay: 8.15%-6.06%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: C

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 22.36%-16.64%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a psychology degree from Boise State University, one of the most important factors to evaluate is the return on investment (ROI). Investing in your education is a significant commitment, so understanding how a degree in psychology can benefit you financially and professionally is essential.

Boise State University's psychology program is designed to equip students with a comprehensive understanding of human behavior, mental processes, and effective communication skills. Graduates are well-prepared for various career paths in mental health, social services, education, and research, making the degree versatile and valuable in today’s job market.

According to recent data, individuals with a bachelor's degree in psychology can expect to earn significantly more over their lifetime compared to those with only a high school diploma. The average starting salary for psychology graduates from Boise State is competitive, and many find opportunities for advancement in their careers, leading to higher earning potential.

Moreover, the demand for professionals in psychology-related fields continues to grow. According to the U.S. Bureau of Labor Statistics, jobs in psychology and related areas are projected to increase, providing a stable job market for graduates. This upward trend in employment opportunities contributes positively to the ROI of a psychology degree from Boise State University.

Additionally, Boise State offers a range of resources, including internship opportunities, networking events, and career services, to help students gain practical experience and build connections in their chosen field. These resources not only enhance the educational experience but also improve job prospects after graduation, further increasing the value of your degree.

In conclusion, pursuing a psychology degree from Boise State University is a smart investment. With a solid foundation in psychological principles, a variety of career options, and a growing job market, graduates can expect a favorable return on their educational investment. Whether you aspire to work in clinical settings, research, or community services, Boise State prepares you for success in the dynamic field of psychology.

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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