Psychology Degree from Southwestern Oklahoma State University Return on Investment

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

F D C B A
Approximate Total Payment $129,051
Approximate Total Interest $36,526
Monthly Payment $896.19
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 southwestern oklahoma state university

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 26.95%-20.05%

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: 7.30%-5.43%

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: 20.02%-14.90%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a Psychology Degree from Southwestern Oklahoma State University (SWOSU), understanding the return on investment (ROI) is crucial for prospective students. Investing in your education is a significant decision, and analyzing the benefits of earning a degree in psychology can help you make an informed choice.

The SWOSU Psychology program is designed to equip students with essential skills in critical thinking, communication, and research. Graduating with this degree opens doors to various career opportunities in fields such as counseling, social work, human resources, and mental health services. According to recent statistics, graduates with a psychology degree can expect competitive salaries, with entry-level positions averaging around $40,000 annually, and experienced professionals earning upwards of $70,000 or more.

Moreover, the demand for psychology professionals continues to grow. The Bureau of Labor Statistics projects a 14% job growth rate for psychologists and related fields over the next decade, indicating robust job security for graduates. This growth translates into a favorable ROI for SWOSU psychology graduates, as they are well-positioned to enter a thriving job market.

Additionally, attending Southwestern Oklahoma State University offers a unique benefit. The university's commitment to affordable education means that students can achieve their academic goals without incurring excessive debt. With competitive tuition rates and financial aid options, students can maximize their ROI while gaining a quality education.

Beyond financial considerations, obtaining a psychology degree also enriches personal growth and understanding of human behavior. This knowledge can be invaluable, enhancing both professional and personal relationships and equipping graduates with tools to navigate complex social situations.

In conclusion, the return on investment for a Psychology Degree from Southwestern Oklahoma State University is not only measured in financial terms but also in personal development and career satisfaction. For those looking to make a meaningful impact in their communities and pursue a fulfilling career, SWOSU offers a robust program that prepares students for success in the evolving 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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