Psychology Degree from Samford University Return on Investment

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

F D C B A
Approximate Total Payment $309,391
Approximate Total Interest $87,568
Monthly Payment $2148.55
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 samford university

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 64.60%-48.07%

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: 17.49%-13.01%

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: 48.00%-35.72%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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The decision to pursue a psychology degree is significant, especially when considering the return on investment (ROI) it offers. Samford University, with its esteemed program, provides students not only with a comprehensive education in psychology but also with the skills and experiences that enhance career prospects and earning potential.

Graduates of Samford’s psychology program benefit from a curriculum that combines theoretical knowledge with practical application. This blend prepares students for various career paths, including mental health counseling, social work, human resources, and research. According to recent statistics, professionals with a psychology degree often see a higher starting salary compared to those with degrees in other fields. This financial advantage is a key factor when assessing the ROI of a Samford education.

Moreover, Samford University emphasizes experiential learning through internships and clinical placements, allowing students to gain hands-on experience while building a professional network. These opportunities not only enhance learning but also significantly improve job placement rates after graduation, translating into a quicker return on investment.

The strong alumni network at Samford further supports graduates in their career endeavors. Many alumni find success in various sectors, and their stories serve as a testament to the value of the education received. This network can be invaluable for current students seeking mentorship and job opportunities.

In terms of long-term ROI, a psychology degree from Samford can lead to advanced degrees and certifications, opening doors to higher-paying positions. With the growing demand for mental health professionals and the increasing recognition of the importance of psychological services, graduates are well-positioned for lucrative careers in a thriving field.

Ultimately, choosing to pursue a psychology degree from Samford University is not just an academic decision; it’s a strategic investment in your future. With strong career prospects, the potential for high earnings, and a supportive community, the return on investment for a Samford psychology degree is substantial, making it a wise choice for aspiring professionals.

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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