Psychology Degree from Davis & Elkins College Return on Investment

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

F D C B A
Approximate Total Payment $261,636
Approximate Total Interest $74,052
Monthly Payment $1816.91
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 davis & elkins college

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 54.63%-40.65%

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: 14.79%-11.00%

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: 40.59%-30.21%

Employment Change: 84.5%

Entry-Level Education: Master's degree

Don't see the job you're looking for? Click here.

Investing in your education is one of the most significant decisions you can make for your future, especially when considering a Psychology Degree from Davis & Elkins College. This degree not only equips you with the essential skills and knowledge needed to excel in the field of psychology but also offers a substantial return on investment (ROI) that can impact your career for years to come.

The ROI of a Psychology Degree from Davis & Elkins College is reflected in several key areas:

  • Career Opportunities: Graduates with a psychology degree are in high demand across various sectors, including healthcare, education, business, and social services. This versatility opens doors to numerous career paths, from clinical psychology to human resources.
  • Competitive Salaries: Professionals holding a psychology degree can expect competitive salaries. According to industry statistics, psychology graduates can earn an average salary significantly higher than those with only a high school diploma or associate degree.
  • Advanced Education Potential: A degree in psychology often serves as a stepping stone for further education. Many graduates pursue advanced degrees, which can lead to specialized fields and even higher earning potential.
  • Skill Development: A psychology degree fosters critical thinking, research, and analytical skills that are highly sought after in today’s job market. These transferable skills enhance your employability and adaptability in various roles.

Moreover, Davis & Elkins College is committed to providing a supportive learning environment with experienced faculty and a curriculum that emphasizes real-world applications. This hands-on approach enhances your learning experience and prepares you for the challenges of the workforce.

In conclusion, a Psychology Degree from Davis & Elkins College offers an impressive return on investment through diverse career opportunities, competitive salaries, and valuable skills. By choosing this path, you are not only investing in your education but also paving the way for a successful and fulfilling career in psychology and beyond.

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.

Get your personalized projection here!