Psychology Degree from Saint Michael’s College Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from Saint Michael’s College is likely to work in.

F D C B A
Approximate Total Payment $384,325
Approximate Total Interest $108,777
Monthly Payment $2668.93
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 saint michael's college

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 80.25%-59.71%

Employment Change: 12.3%

Entry-Level Education: Doctoral or professional degree

Industrial-organizational psychologists

Projection Rating: C+

Median Annual Wage: $147,420

Percentage of Paycheck to Repay: 21.73%-16.17%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: F-

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 59.63%-44.37%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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The decision to pursue a psychology degree at Saint Michael's College is more than just an academic choice; it's an investment in your future. Understanding the return on investment (ROI) for this degree can help you make an informed decision about your education and career path.

Saint Michael's College offers a comprehensive psychology program that equips students with essential skills and knowledge, making them highly competitive in the job market. Graduates emerge with a strong foundation in psychological theories, research methods, and practical applications, which are invaluable in various fields such as mental health, education, business, and social services.

When considering the ROI of a psychology degree from Saint Michael's College, it's crucial to evaluate potential career outcomes and earning potential. Graduates often find employment in diverse roles, including clinical psychologists, counselors, human resource specialists, and market researchers. The skills gained during your studies, such as critical thinking, communication, and analytical abilities, are highly sought after by employers.

According to recent data, psychology graduates from Saint Michael's College report competitive starting salaries, with many earning a substantial return on their educational investment within just a few years of graduation. Furthermore, the college's robust alumni network and career services provide valuable resources and connections, enhancing job placement rates and opportunities for advancement.

In addition to financial benefits, pursuing a psychology degree also offers personal growth and fulfillment. The knowledge and insights gained can lead to a deeper understanding of human behavior, enhancing your interpersonal skills and overall quality of life.

Ultimately, the ROI of a psychology degree from Saint Michael's College extends beyond mere numbers. It encompasses career readiness, personal development, and the ability to make a positive impact in society. By choosing this path, you're not only investing in a degree but also in a future filled with opportunities to influence lives and contribute to your community.

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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