Psychology Degree from Carleton College Return on Investment

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

F D C B A
Approximate Total Payment $456,907
Approximate Total Interest $129,320
Monthly Payment $3172.97
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 carleton college

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 95.40%-70.99%

Employment Change: 12.3%

Entry-Level Education: Doctoral or professional degree

Industrial-organizational psychologists

Projection Rating: C-

Median Annual Wage: $147,420

Percentage of Paycheck to Repay: 25.83%-19.22%

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: 70.89%-52.75%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in your education is a significant decision, and a Psychology degree from Carleton College offers an impressive return on investment (ROI). Carleton College is renowned for its rigorous academic programs and distinguished faculty, ensuring that students receive a high-quality education that prepares them for successful careers in psychology and related fields.

One of the key factors contributing to the ROI of a Psychology degree from Carleton College is the school's strong emphasis on experiential learning. Students have access to internships, research opportunities, and fieldwork that not only enhance their academic experience but also improve their employability post-graduation. These hands-on experiences allow graduates to develop essential skills and build a professional network that can lead to job opportunities in various sectors, including healthcare, education, and social services.

Furthermore, graduates from Carleton College benefit from the school's robust alumni network. This network provides valuable connections and mentorship options that can significantly aid in job placement and career advancement. Many Carleton alumni have gone on to achieve remarkable success in their fields, demonstrating the value of a degree from this prestigious institution.

In terms of financial ROI, a Psychology degree from Carleton College positions graduates for competitive salaries. According to recent data, psychology graduates from top-tier liberal arts colleges often see starting salaries that are above the national average. With potential career paths ranging from clinical psychology to organizational psychology, the earning potential continues to grow with experience and further specialization.

In summary, a Psychology degree from Carleton College not only equips students with a strong academic foundation but also offers a substantial return on investment through experiential learning opportunities, a powerful alumni network, and promising career prospects. Choosing Carleton College for your psychology education is an investment in your future that can yield significant personal and financial rewards.

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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