Psychology Degree from Eastern Kentucky University Return on Investment

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

F D C B A
Approximate Total Payment $137,531
Approximate Total Interest $38,926
Monthly Payment $955.08
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 eastern kentucky university

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 28.72%-21.37%

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: 7.77%-5.78%

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: 21.34%-15.88%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a psychology degree from Eastern Kentucky University, one of the most critical factors to evaluate is the return on investment (ROI). This degree not only offers a comprehensive understanding of human behavior but also opens up diverse career opportunities that can yield significant financial and personal rewards.

Graduates from EKU's psychology program report strong job placement rates, with many finding positions in fields such as counseling, social work, and human resources. The skills acquired through this program—critical thinking, communication, and analytical abilities—are highly sought after in various industries, increasing your employability and potential earnings.

Moreover, the cost of obtaining a psychology degree at EKU is competitive compared to other institutions. With financial aid options and scholarships available, students can minimize their debt burden, enhancing their overall ROI. Many graduates find that their starting salaries, combined with the potential for advancement in their chosen fields, quickly offset their educational expenses.

Another key aspect of the ROI for an EKU psychology degree is the flexibility it offers. Many graduates pursue further studies, such as master's or doctoral programs, which can lead to even higher earning potential in specialized areas of psychology, such as clinical psychology or industrial-organizational psychology.

In summary, a psychology degree from Eastern Kentucky University provides a strong foundation for a successful career. With its affordable tuition, robust job placement rates, and the potential for high earnings, the long-term return on investment makes this degree a smart choice for aspiring psychologists and professionals in related fields.

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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