Psychology Degree from Missouri State University – Springfield Return on Investment

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

F D C B A
Approximate Total Payment $145,625
Approximate Total Interest $41,217
Monthly Payment $1011.29
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 missouri state university - springfield

Clinical, counseling, and school psychologists

Projection Rating: D+

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 30.41%-22.63%

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: 8.23%-6.13%

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: 22.59%-16.81%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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The decision to pursue a psychology degree from Missouri State University in Springfield is not just an academic choice; it's an investment in your future. Understanding the return on investment (ROI) for this degree can help you make informed decisions about your education and career path.

Missouri State University offers a comprehensive psychology program that equips students with essential skills for various career opportunities in fields such as mental health, education, social services, and business. With a robust curriculum that combines theoretical knowledge and practical experience, graduates are well-prepared to enter the workforce or pursue advanced studies.

One of the significant advantages of earning a psychology degree from Missouri State University is the university's strong connections with local employers and organizations. This network facilitates internships and job placements, enhancing your employability upon graduation. Many graduates find rewarding positions in counseling, research, human resources, and community services, often earning competitive salaries.

Furthermore, the cost of attending Missouri State University is relatively affordable compared to other institutions. With reasonable tuition rates, financial aid opportunities, and scholarships, students can minimize their educational expenses, maximizing their ROI. Graduates typically report a positive salary increase compared to their earning potential before completing their degree, demonstrating the financial benefits of their education.

Additionally, the demand for psychology professionals continues to grow, driven by an increasing awareness of mental health issues and the importance of psychological well-being. This trend suggests that graduates from Missouri State University will have ample job opportunities in the coming years, further enhancing their return on investment.

In conclusion, pursuing a psychology degree from Missouri State University in Springfield offers a solid ROI through quality education, strong job prospects, and competitive salaries. By choosing this path, you are not only investing in your career but also contributing positively to the mental health and well-being of your community.

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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