Psychology Degree from Montclair State University Return on Investment

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

F D C B A
Approximate Total Payment $184,961
Approximate Total Interest $52,350
Monthly Payment $1284.45
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 montclair state university

Clinical, counseling, and school psychologists

Projection Rating: D-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 38.62%-28.74%

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: 10.46%-7.78%

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: 28.70%-21.35%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in your education is a significant decision, and pursuing a Psychology degree from Montclair State University is no exception. This degree not only equips you with essential skills and knowledge but also offers a compelling return on investment (ROI) for your future career.

Montclair State University's Psychology program is designed to provide students with a comprehensive understanding of human behavior, mental processes, and the various factors that influence them. Graduates of this program are well-prepared for a variety of careers in fields such as counseling, social work, human resources, and market research, among others.

One of the key benefits of obtaining a Psychology degree from Montclair State is the competitive salary potential. According to recent studies, psychology graduates can expect to earn a starting salary that is competitive with other degree holders, and as they gain experience, their earning potential increases significantly. Many alumni have reported salaries that far exceed the national average, particularly those who pursue advanced degrees or specialized certifications.

Additionally, the demand for psychology professionals continues to grow. With an increasing focus on mental health awareness and the importance of psychological well-being in various sectors, the job market for psychology graduates is robust. This trend indicates a favorable ROI for those who invest in their education at Montclair State University.

Montclair State University also offers valuable resources, including career services, internship opportunities, and networking events, which can further enhance your employability and career advancement prospects. These resources are instrumental in ensuring that your investment in a Psychology degree pays off in the long run.

In conclusion, a Psychology degree from Montclair State University not only provides you with a solid foundation in psychological principles but also offers a strong return on investment through competitive salaries, growing job opportunities, and extensive career support. If you're looking to make a meaningful impact in the field of psychology while securing your financial future, Montclair State University is an excellent choice.

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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