Psychology Degree from Morgan State University Return on Investment

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

F D C B A
Approximate Total Payment $163,894
Approximate Total Interest $46,387
Monthly Payment $1138.15
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 morgan state university

Clinical, counseling, and school psychologists

Projection Rating: D

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 34.22%-25.46%

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: 9.26%-6.89%

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: 25.43%-18.92%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a psychology degree, one of the most important factors to evaluate is the return on investment (ROI). Morgan State University offers a comprehensive psychology program that not only prepares students for a variety of careers but also provides significant long-term benefits. With a focus on both theoretical and practical applications of psychology, graduates emerge equipped with skills that are in high demand across multiple sectors.

The ROI of a psychology degree from Morgan State University can be seen in various aspects. First, graduates are positioned for diverse career opportunities, including roles in mental health services, counseling, social work, and organizational psychology. According to recent data, individuals with a psychology degree can expect to earn competitive salaries, with many reporting earnings that surpass their initial investment in education within just a few years of graduation.

Additionally, Morgan State University’s strong alumni network and relationships with local employers enhance job placement rates. The university provides valuable internships and hands-on experience that not only enrich students’ learning but also make them more attractive candidates in the job market. This practical experience is crucial for maximizing ROI, as it helps students build professional connections and gain real-world skills that translate to higher starting salaries.

Furthermore, the university’s commitment to academic excellence and student support services ensures that students receive the guidance they need to succeed. With access to dedicated faculty, career counseling, and resources for professional development, students are well-prepared to navigate the complexities of the job market after graduation.

In conclusion, investing in a psychology degree from Morgan State University offers substantial returns, both financially and professionally. By choosing this program, students not only gain a deep understanding of psychological principles but also unlock a range of career possibilities that yield impressive economic benefits over time. Consider the long-term advantages of this degree and how it can pave the way for a fulfilling and lucrative 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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