Psychology Degree from University of Alaska Anchorage Return on Investment

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

F D C B A
Approximate Total Payment $102,954
Approximate Total Interest $29,139
Monthly Payment $714.96
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 university of alaska anchorage

Clinical, counseling, and school psychologists

Projection Rating: C+

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 21.50%-16.00%

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: 5.82%-4.33%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: B-

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 15.97%-11.89%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in your future is a crucial decision, and pursuing a Psychology Degree from the University of Alaska Anchorage (UAA) is a step that can significantly enhance your career prospects. In this article, we will explore the return on investment (ROI) of obtaining a psychology degree from UAA, focusing on potential earnings, job opportunities, and the unique advantages the program offers.

One of the primary factors to consider when evaluating the ROI of any degree is the earning potential post-graduation. According to recent statistics, graduates with a psychology degree can expect to earn a competitive salary, with many entry-level positions starting in the range of $40,000 to $50,000 annually. As graduates gain experience and specialize in areas such as clinical psychology, counseling, or organizational psychology, salaries can increase significantly, reaching upwards of $80,000 or more, depending on the career path chosen.

The job market for psychology graduates is robust, with a wide range of career options available. UAA’s psychology program prepares students for various roles in mental health, social services, education, and corporate sectors. Popular career paths include clinical psychologist, school psychologist, human resources specialist, and rehabilitation counselor. Additionally, the demand for mental health professionals continues to rise, further enhancing job security for psychology graduates.

UAA offers a unique blend of theoretical knowledge and practical experience, ensuring students are well-equipped for the workforce. The program includes opportunities for internships and hands-on training, allowing students to gain valuable real-world experience while developing critical skills. This practical approach not only enriches the learning experience but also makes graduates more attractive to potential employers, ultimately boosting their ROI.

Another aspect to consider is the affordability of UAA’s psychology program. With competitive tuition rates and various financial aid options available, students can minimize their student debt, further improving their financial return on investment. UAA’s commitment to accessible education means that a quality psychology degree is within reach for many aspiring students.

In conclusion, the Psychology Degree from the University of Alaska Anchorage offers a promising return on investment. With strong earning potential, diverse career opportunities, practical training, and affordable tuition, this degree can serve as a solid foundation for a successful and fulfilling career in psychology. If you’re considering a degree in psychology, UAA is an excellent choice that can lead to a rewarding professional journey.

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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