Psychology Degree from St Mary’s College of Maryland Return on Investment

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

F D C B A
Approximate Total Payment $220,673
Approximate Total Interest $62,458
Monthly Payment $1532.45
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 st mary's college of maryland

Clinical, counseling, and school psychologists

Projection Rating: F-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 46.08%-34.29%

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: 12.47%-9.28%

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: 34.24%-25.48%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a psychology degree from St. Mary's College of Maryland, it's essential to evaluate the return on investment (ROI) associated with this educational path. A psychology degree can open doors to various career opportunities, including roles in counseling, social work, human resources, and research.

One of the primary benefits of pursuing a psychology degree at St. Mary's College is the institution's commitment to providing a comprehensive education that combines theoretical knowledge with practical experience. This approach not only equips students with essential skills but also enhances their employability in a competitive job market.

Furthermore, graduates from St. Mary's College often report high levels of job satisfaction and career advancement. Many alumni have successfully transitioned into positions that offer competitive salaries, reflecting the value of their degree. The college’s strong alumni network also plays a crucial role in helping recent graduates secure internships and job placements in their desired fields.

In terms of financial ROI, statistics show that individuals with a psychology degree tend to earn higher salaries over their lifetimes compared to those without a degree. According to recent data, psychology graduates can expect to see significant salary increases as they gain experience and take on more advanced roles in their careers.

Additionally, St. Mary's College of Maryland offers various financial aid options, scholarships, and grants, making it more accessible for students to invest in their education without incurring substantial debt. This financial support further enhances the overall ROI of obtaining a psychology degree from this esteemed institution.

In conclusion, a psychology degree from St. Mary's College of Maryland presents a promising return on investment. The combination of a quality education, strong career prospects, and financial support makes it an excellent choice for those looking to make a meaningful impact in the field of psychology while securing a stable and rewarding future.

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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