Psychology Degree from Minnesota State University Moorhead Return on Investment

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

F D C B A
Approximate Total Payment $141,306
Approximate Total Interest $39,994
Monthly Payment $981.29
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 minnesota state university moorhead

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 29.51%-21.95%

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: 7.99%-5.94%

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: 21.92%-16.31%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Are you considering pursuing a Psychology degree from Minnesota State University Moorhead (MSUM)? Understanding the return on investment (ROI) of your educational choice is crucial in today’s competitive job market. A Psychology degree from MSUM not only equips you with essential skills but also offers substantial long-term benefits that can greatly enhance your career prospects.

The ROI of a Psychology degree can be measured in various ways. First, the knowledge and skills gained during your studies provide a solid foundation for numerous career paths, including counseling, social work, human resources, and marketing. Graduates from MSUM are known for their critical thinking, research capabilities, and understanding of human behavior, making them valuable assets in many industries.

Moreover, MSUM boasts a strong support system for its psychology students, including experienced faculty, internship opportunities, and networking events. These resources help students gain practical experience and build connections that can lead to job opportunities post-graduation.

Financially, investing in a Psychology degree from MSUM is a smart choice. The university offers competitive tuition rates compared to other institutions, and graduates often experience a favorable salary increase shortly after entering the workforce. According to recent statistics, MSUM psychology graduates have reported high employment rates and competitive starting salaries, which contribute to a positive ROI.

Additionally, the skills acquired through a psychology program prepare graduates for advanced degrees, opening doors to higher-paying positions in specialized fields. This further enhances the ROI, as many students find that pursuing a master’s or doctoral degree can significantly elevate their earning potential.

In conclusion, a Psychology degree from Minnesota State University Moorhead represents a valuable investment in your future. With its strong curriculum, supportive environment, and promising career outcomes, MSUM provides an exceptional return on your educational investment. Explore the possibilities that await you with a Psychology degree from MSUM and take the first step towards a fulfilling career today!

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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