Psychology Degree from Midwestern State University Return on Investment

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

F D C B A
Approximate Total Payment $128,076
Approximate Total Interest $36,250
Monthly Payment $889.41
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 midwestern state university

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 26.74%-19.90%

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: 7.24%-5.39%

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: 19.87%-14.79%

Employment Change: 84.5%

Entry-Level Education: Master's degree

Don't see the job you're looking for? Click here.

The decision to pursue a Psychology degree from Midwestern State University (MSU) is not just about gaining knowledge; it’s an investment in your future. Understanding the return on investment (ROI) of this degree can help you make an informed choice that aligns with your career aspirations.

Midwestern State University offers a comprehensive Psychology program that equips students with essential skills in critical thinking, research methodologies, and interpersonal communication. Graduates emerge prepared to enter a variety of fields, including clinical psychology, counseling, social work, and human resources. The versatility of a Psychology degree from MSU opens doors to numerous career paths, enhancing its ROI.

One of the key factors to consider when evaluating the ROI of your Psychology degree is the earning potential. According to recent data, psychology graduates can expect competitive salaries, with many entry-level positions starting around $40,000 per year. As you gain experience and further your education, such as obtaining a master’s or doctoral degree, your earning potential significantly increases, often exceeding $70,000 annually.

Moreover, the demand for mental health professionals continues to rise, driven by an increased awareness of mental health issues and the need for support in various sectors. This growing demand translates to job stability and opportunities for advancement, making your Psychology degree a valuable asset in today’s job market.

In addition to financial rewards, a Psychology degree from MSU provides personal fulfillment. The skills you acquire enable you to make a positive impact in the lives of individuals and communities. This aspect of ROI extends beyond monetary value, encompassing the emotional and social benefits of a fulfilling career.

Furthermore, MSU offers robust career services, internships, and networking opportunities, helping students transition smoothly into the workforce. These resources are instrumental in maximizing the ROI of your degree, as they facilitate connections with potential employers and provide real-world experience.

In conclusion, a Psychology degree from Midwestern State University is more than just an academic achievement; it’s a strategic investment in your future. With a solid earning potential, increasing job demand, and the chance to make a difference, the ROI of an MSU Psychology degree is evident. Start your journey today and unlock a world of possibilities in the 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.

Get your personalized projection here!