Psychology Degree from Monmouth University Return on Investment

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

F D C B A
Approximate Total Payment $333,151
Approximate Total Interest $94,293
Monthly Payment $2313.55
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 monmouth university

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 69.56%-51.76%

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: 18.83%-14.01%

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: 51.69%-38.46%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in a psychology degree from Monmouth University is not just about gaining knowledge; it's about securing a brighter future and enhancing your career prospects. With a robust curriculum, experienced faculty, and a supportive learning environment, Monmouth University offers a comprehensive education that prepares students for various roles in psychology and related fields.

One of the key aspects of evaluating the return on investment (ROI) of your education is understanding the potential earning power associated with a psychology degree. Graduates from Monmouth University have reported high employment rates, with many securing positions in healthcare, social services, education, and corporate settings. The skills and knowledge gained through the program empower students to excel in diverse roles, increasing their marketability in the job market.

Additionally, Monmouth University provides valuable resources such as career counseling, internships, and networking opportunities that further enhance graduates' job readiness. These resources not only help students gain practical experience but also foster connections with industry professionals, which can lead to job placements after graduation.

The investment in a psychology degree also pays dividends beyond just salary. Graduates report increased job satisfaction and the ability to make a meaningful impact in their communities. The skills learned in the program, including critical thinking, communication, and empathy, are invaluable in today’s workforce, making psychology graduates highly sought after by employers.

In conclusion, the return on investment for a psychology degree from Monmouth University is significant. With strong employment outcomes, competitive salaries, and the ability to contribute positively to society, investing in your education at Monmouth University is a decision that can lead to a fulfilling and prosperous career in 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.

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