Psychology Degree from Morehouse College Return on Investment

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

F D C B A
Approximate Total Payment $349,922
Approximate Total Interest $99,040
Monthly Payment $2430.01
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 morehouse college

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 73.06%-54.37%

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: 19.78%-14.72%

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: 54.29%-40.40%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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The decision to pursue a psychology degree from Morehouse College is not just an investment in education; it's a strategic move towards a promising career. Our program is designed to provide students with a comprehensive understanding of psychological principles, equipping them to excel in various fields such as counseling, social work, and organizational psychology. But how does this degree translate into a return on investment (ROI)?

Morehouse College, renowned for its commitment to academic excellence and leadership development, offers an exceptional psychology curriculum that combines theory with practical application. Graduates benefit from a well-rounded education that emphasizes critical thinking, research skills, and community engagement. These attributes are highly sought after by employers, enhancing career prospects and earning potential.

The return on investment for a psychology degree from Morehouse is evidenced by the strong alumni network that provides mentorship and job opportunities. Graduates often find positions in various sectors, including healthcare, education, and corporate environments. According to recent statistics, psychology graduates from Morehouse report higher starting salaries than the national average for similar degrees, making this degree a financially sound choice.

Furthermore, Morehouse College's location in Atlanta, a vibrant hub for psychology and mental health services, offers students access to internships, research opportunities, and professional connections that can further enhance their career trajectory. The college's emphasis on leadership and social justice prepares students to make significant contributions to their communities, which can be both personally fulfilling and professionally rewarding.

Investing in a psychology degree from Morehouse College is about more than just financial returns; it's about preparing for a meaningful career that impacts lives. With a solid educational foundation, robust alumni support, and a wealth of opportunities in one of the nation's most dynamic cities, graduates can expect a rewarding future—both personally and financially.

In conclusion, choosing to earn a psychology degree from Morehouse College is a decision that pays dividends. With a focus on academic excellence, career readiness, and community impact, students can confidently anticipate a strong return on their investment.

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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