Psychology Degree from Northern Illinois University Return on Investment

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

F D C B A
Approximate Total Payment $211,498
Approximate Total Interest $59,861
Monthly Payment $1468.73
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 northern illinois university

Clinical, counseling, and school psychologists

Projection Rating: F

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 44.16%-32.86%

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: 11.96%-8.90%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: D

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 32.81%-24.42%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Are you considering pursuing a psychology degree from Northern Illinois University (NIU)? Understanding the return on investment (ROI) of your education is crucial in today’s competitive job market. A psychology degree from NIU not only equips you with valuable skills and knowledge but also opens doors to various career opportunities that can lead to financial stability and personal fulfillment.

NIU's psychology program is designed to provide students with a comprehensive understanding of human behavior, mental processes, and the scientific methods used in psychological research. Graduates find themselves well-prepared for roles in counseling, social work, human resources, and even research positions. The demand for professionals with psychological expertise continues to grow, making this degree a smart choice for those looking to enter a thriving job market.

When evaluating the ROI of your psychology degree, consider the average starting salaries for NIU graduates. Many alumni report competitive salaries, especially when they pursue advanced degrees or certifications in specialized areas of psychology. Additionally, the networking opportunities and connections made during your time at NIU can further enhance your career prospects and earning potential.

Furthermore, NIU offers various resources, including career services and internships, that can help you gain practical experience and increase your employability. By participating in these programs, you can enhance your resume and make valuable industry connections, ultimately boosting your ROI.

In conclusion, investing in a psychology degree from Northern Illinois University can yield significant returns, both financially and personally. With a solid foundation in psychological principles, exposure to real-world applications, and robust career support, NIU graduates are well-equipped to embark on rewarding careers that make a difference in the lives of others. Consider the long-term benefits of your education and take the first step toward a fulfilling future 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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