Psychology Degree from Lipscomb University Return on Investment

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

F D C B A
Approximate Total Payment $293,293
Approximate Total Interest $83,012
Monthly Payment $2036.76
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 lipscomb university

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 61.24%-45.57%

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: 16.58%-12.34%

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: 45.51%-33.86%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a Psychology Degree from Lipscomb University, one of the most critical factors to evaluate is the return on investment (ROI). A psychology degree offers a diverse range of career opportunities, and Lipscomb University provides a unique blend of academic excellence, practical experience, and community engagement that can significantly enhance your professional prospects.

Graduates from Lipscomb's psychology program are equipped with essential skills in critical thinking, research, and communication, making them highly sought after in various fields. Many alumni find fulfilling careers in clinical psychology, counseling, social work, and human resources, among others. The university's strong network of industry connections and a dedicated career services team further bolster job placement rates, ensuring a solid return on your educational investment.

The investment in a Lipscomb psychology degree is not just financial; it encompasses personal growth and development. Students engage in hands-on learning experiences, internships, and community projects that enrich their understanding of psychological principles in real-world settings. This exposure not only enhances your resume but also prepares you for the challenges of the workforce, resulting in a more rewarding career.

Moreover, Lipscomb University is committed to affordability and offers various financial aid options, scholarships, and flexible payment plans. This commitment helps minimize student debt, allowing graduates to enjoy a higher ROI as they embark on their professional journeys.

In conclusion, pursuing a Psychology Degree from Lipscomb University represents a promising investment in your future. With a robust curriculum, strong job placement support, and a focus on practical experience, Lipscomb prepares students for successful careers in psychology and related fields, ensuring that your degree pays dividends long after graduation.

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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