Psychology Degree from Grand Canyon University Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from Grand Canyon University is likely to work in.
Top job projections for graduates in psychology from grand canyon university
Clinical, counseling, and school psychologists
Projection Rating: F-
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 48.88%-36.37%
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: 13.23%-9.85%
Employment Change: 0.5%
Entry-Level Education: Master's degree
Substance abuse, behavioral disorder, and mental health counselors
Projection Rating: D-
Median Annual Wage: $53,710
Percentage of Paycheck to Repay: 36.32%-27.03%
Employment Change: 84.5%
Entry-Level Education: Master's degree
When considering a psychology degree from Grand Canyon University (GCU), one of the key factors to evaluate is the return on investment (ROI). A psychology degree can open doors to a variety of career paths, and understanding the potential financial benefits can help you make an informed decision.
GCU's psychology program is designed to equip students with critical thinking and research skills, making graduates competitive in the job market. With a strong emphasis on ethical practices and real-world applications, students are prepared for roles in counseling, social services, and mental health fields.
One significant aspect of ROI is the earning potential after graduation. According to the U.S. Bureau of Labor Statistics, psychology professionals can expect varying salaries based on their specific roles. For instance, clinical psychologists can earn an average salary of over $80,000 per year, while other positions in social work or counseling may offer competitive salaries as well.
Additionally, GCU’s commitment to affordability is another factor to consider. The university offers various financial aid options, scholarships, and flexible payment plans, making it easier for students to manage tuition costs. When weighing the overall investment in education against potential earnings, GCU stands out as a financially viable option.
Furthermore, GCU's extensive alumni network and career services provide valuable support for job placement and career advancement. Graduates often find themselves well-prepared to enter the workforce, thanks to GCU's hands-on learning experiences and connections in the industry.
In summary, pursuing a psychology degree from Grand Canyon University can yield a favorable return on investment, thanks to its robust academic program, competitive salary potential, and affordable tuition options. With the right preparation and resources, graduates can look forward to a rewarding career in the ever-evolving field of psychology.
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.