Psychology Degree from Portland State University Return on Investment

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

F D C B A
Approximate Total Payment $153,697
Approximate Total Interest $43,501
Monthly Payment $1067.34
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 portland state university

Clinical, counseling, and school psychologists

Projection Rating: D

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 32.09%-23.88%

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: 8.69%-6.46%

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: 23.85%-17.74%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in education is a significant decision, and understanding the return on investment (ROI) of a Psychology degree from Portland State University (PSU) is crucial for prospective students. PSU offers a comprehensive psychology program designed to equip students with essential skills for various career paths in mental health, research, and social services.

One of the primary benefits of earning a Psychology degree from PSU is the university's strong focus on practical experiences and community engagement. Students have the opportunity to participate in internships and research projects that not only enhance their learning but also expand their professional networks, which can lead to better job placements after graduation.

In terms of financial ROI, graduates with a Psychology degree from PSU often find that their earning potential increases significantly compared to their peers without a degree. According to recent data, individuals with a bachelor’s degree in psychology can expect to earn an average salary that is substantially higher than those with only a high school diploma. Moreover, for those who choose to pursue advanced degrees, the prospects for higher salaries and career advancement are even more promising.

Portland State University is located in a vibrant city known for its commitment to sustainability and social justice, providing a unique backdrop for students. The university's strong ties to local businesses and organizations also facilitate job placement and internships, enhancing the overall ROI of a Psychology degree.

Additionally, the skills gained through a Psychology degree—such as critical thinking, communication, and analytical abilities—are highly valued in many sectors, including healthcare, education, and corporate environments. This versatility means that PSU graduates can pivot into various roles, further increasing their chances of achieving a solid return on their educational investment.

In conclusion, pursuing a Psychology degree from Portland State University not only provides students with a robust educational foundation but also offers significant potential for a favorable return on investment. With a combination of practical experiences, strong earning potential, and versatile career options, PSU is an excellent choice for those looking to make a meaningful impact in the field of 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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