Psychology Degree from New Mexico Institute of Mining and Technology Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from New Mexico Institute of Mining and Technology is likely to work in.

F D C B A
Approximate Total Payment $141,926
Approximate Total Interest $40,170
Monthly Payment $985.60
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 new mexico institute of mining and technology

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 29.63%-22.05%

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: 8.02%-5.97%

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: 22.02%-16.39%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a psychology degree from the New Mexico Institute of Mining and Technology (NMIMT), it’s essential to evaluate the return on investment (ROI) it offers. NMIMT is known for its rigorous academic programs and commitment to student success, making it a compelling choice for aspiring psychologists.

The ROI of a psychology degree from NMIMT can be assessed through various factors, including tuition costs, job placement rates, and potential earnings. NMIMT provides a high-quality education at a competitive price, ensuring that students receive value for their investment. The university’s focus on research and practical experience equips graduates with the skills needed to excel in various psychology-related careers.

Graduates from NMIMT often find themselves in high-demand positions across various sectors, including healthcare, education, and corporate environments. The psychology program emphasizes critical thinking, analytical skills, and real-world applications, which are highly sought after by employers. This strong foundation can lead to lucrative job opportunities, significantly enhancing the overall ROI.

Additionally, NMIMT has strong connections with local organizations and industries, providing students with networking opportunities and internships that can lead to employment after graduation. The university’s career services support students in securing jobs that align with their career goals, further increasing the ROI of their degree.

In conclusion, investing in a psychology degree from the New Mexico Institute of Mining and Technology is a decision that can yield significant returns. With affordable tuition, a strong job placement rate, and valuable skills gained through the program, students can look forward to a fruitful career that justifies their investment in education.

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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