Psychology Degree from Indiana University – South Bend Return on Investment

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

F D C B A
Approximate Total Payment $122,380
Approximate Total Interest $34,638
Monthly Payment $849.86
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 indiana university - south bend

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 25.55%-19.01%

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: 6.92%-5.15%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: B-

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 18.99%-14.13%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in your education is one of the most significant decisions you'll ever make, and pursuing a Psychology degree from Indiana University – South Bend (IUSB) can yield a substantial return on investment (ROI). This program not only equips you with essential skills in understanding human behavior but also opens doors to various career opportunities in a growing field.

One of the key benefits of obtaining a Psychology degree from IUSB is the practical experience offered through internships and hands-on learning. Students have the opportunity to engage in community service and research projects, enhancing their resumes and providing real-world experience. This practical approach increases employability and prepares graduates for positions in mental health services, social work, counseling, and beyond.

The ROI of an IUSB Psychology degree is evident in the competitive salaries that graduates can command. According to recent data, psychology graduates in Indiana earn an average starting salary that is above the state’s median income. With the potential to further specialize or pursue advanced degrees, many alumni report significant salary increases over time, making this degree a wise financial investment.

Moreover, the demand for psychology professionals continues to grow. As awareness of mental health issues increases, there is a rising need for qualified individuals to provide support and services. Graduates with a Psychology degree from IUSB are well-positioned to fill these roles, contributing to the well-being of individuals and communities while enjoying job stability and career advancement opportunities.

In conclusion, a Psychology degree from Indiana University – South Bend not only fosters personal growth and understanding of psychological principles but also offers a robust return on investment. By choosing IUSB, you are taking a significant step towards a fulfilling career that positively impacts lives and communities while ensuring a promising financial future.

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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