Psychology Degree from Drake University Return on Investment

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

F D C B A
Approximate Total Payment $334,815
Approximate Total Interest $94,764
Monthly Payment $2325.11
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 drake university

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 69.91%-52.02%

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: 18.93%-14.08%

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: 51.95%-38.65%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering higher education, one of the most critical factors is the return on investment (ROI). A Psychology Degree from Drake University offers an exceptional ROI, equipping graduates with essential skills that are highly valued in today’s job market. With a rigorous curriculum designed to provide both theoretical knowledge and practical applications, students gain insights into human behavior, critical thinking, and effective communication.

Drake University is renowned for its commitment to academic excellence, providing psychology students with access to experienced faculty and a wealth of resources. Graduates emerge not only with a comprehensive understanding of psychological principles but also with hands-on experience through internships and research opportunities. This real-world exposure significantly enhances employability and prepares students for a diverse range of careers in fields such as mental health, education, business, and social services.

Moreover, the value of a psychology degree extends beyond immediate job prospects. The skills acquired through this program, including analytical thinking and problem-solving, are applicable in numerous professions. According to recent statistics, individuals holding a psychology degree from Drake University can expect higher starting salaries compared to national averages, translating into a favorable financial outlook post-graduation.

Investing in a Psychology Degree from Drake University is not just about earning a diploma; it’s about unlocking a future filled with opportunities. The university's strong network of alumni and partnerships with local organizations further enhances the potential for career growth. With a robust support system and a commitment to student success, Drake University ensures that your educational investment yields significant returns.

In conclusion, pursuing a psychology degree at Drake University is a smart decision for those looking to make a meaningful impact while also ensuring a solid financial future. With a focus on both academic and professional development, graduates are well-prepared to thrive in various career paths, making the ROI of a Drake psychology degree not just significant, but transformative.

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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