Psychology Degree from Davidson College Return on Investment

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

F D C B A
Approximate Total Payment $434,645
Approximate Total Interest $123,019
Monthly Payment $3018.37
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 davidson college

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 90.76%-67.53%

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: 24.57%-18.28%

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: 67.44%-50.18%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a psychology degree from Davidson College, understanding the return on investment (ROI) is crucial for prospective students and their families. Davidson College, renowned for its rigorous academics and commitment to student success, offers a psychology program that not only enriches students' understanding of human behavior but also equips them with essential skills for a variety of career paths.

Graduates of Davidson’s psychology program benefit from a comprehensive education that emphasizes critical thinking, research methods, and practical application of psychological principles. These skills are highly sought after in numerous fields, including mental health, education, business, and social services. As a result, psychology graduates can expect competitive salaries and a wide range of job opportunities.

According to recent data, psychology graduates from Davidson College report a strong ROI, with many securing employment in reputable organizations shortly after graduation. The college’s extensive alumni network and career services provide invaluable support, helping students connect with potential employers and internships that can further enhance their career prospects.

Moreover, the investment in a psychology degree is not solely measured in financial returns. The personal growth, critical skills, and expanded career options that come from studying at Davidson contribute significantly to the overall value of the degree. Students are encouraged to engage in internships, research projects, and community service, all of which enrich their educational experience and enhance their employability.

In conclusion, a psychology degree from Davidson College offers an impressive return on investment. With its strong academic foundation, supportive community, and extensive career resources, students are well-prepared to enter the workforce and make a meaningful impact in their chosen fields. Whether you aim to pursue further education or dive directly into your career, the skills and experiences gained at Davidson will serve you well 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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