Psychology Degree from Rutgers University – New Brunswick Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from Rutgers University – New Brunswick is likely to work in.

F D C B A
Approximate Total Payment $217,602
Approximate Total Interest $61,589
Monthly Payment $1511.13
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 rutgers university - new brunswick

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 45.44%-33.81%

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: 12.30%-9.15%

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: 33.76%-25.12%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in your education is a crucial decision, and obtaining a psychology degree from Rutgers University – New Brunswick offers a significant return on investment. Rutgers is renowned for its rigorous academic programs, distinguished faculty, and vibrant campus life, making it an excellent choice for aspiring psychologists.

With a psychology degree from Rutgers, graduates are well-equipped to enter a variety of fields, including mental health services, education, research, and business. The demand for psychology professionals continues to grow, and those with a degree from a reputable institution like Rutgers are often more competitive in the job market.

According to recent data, graduates with a psychology degree can expect to earn an average starting salary of around $45,000, with potential to increase significantly with experience and further education. Many alumni report securing positions in counseling, social work, and human resources, leading to fulfilling careers that make a difference in people's lives.

Additionally, Rutgers offers a wealth of resources, including career services, internships, and networking opportunities, to help students maximize their degree’s value. The strong alumni network provides connections that can be instrumental in career advancement and job placement.

Furthermore, the university’s commitment to research and community engagement enhances the learning experience, allowing students to apply their knowledge in real-world settings. This hands-on approach not only enriches their education but also makes them more attractive to future employers.

In summary, choosing to pursue a psychology degree from Rutgers University – New Brunswick is a smart investment that pays dividends in terms of career opportunities, earning potential, and personal growth. With a solid foundation in psychological principles and practical experience, graduates are well-prepared to thrive in a dynamic and rewarding field.

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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