Psychology Degree from University of New Mexico – Gallup Campus Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from University of New Mexico – Gallup Campus is likely to work in.

F D C B A
Approximate Total Payment $94,761
Approximate Total Interest $26,821
Monthly Payment $658.06
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 new mexico - gallup campus

Clinical, counseling, and school psychologists

Projection Rating: B-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 19.79%-14.72%

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: 5.36%-3.99%

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: 14.70%-10.94%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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When considering a Psychology Degree from the University of New Mexico – Gallup Campus, understanding the return on investment (ROI) is essential for prospective students. This degree not only equips graduates with foundational knowledge in psychological principles but also opens doors to various career opportunities in mental health, education, and social services.

Graduates from the University of New Mexico – Gallup Campus benefit from a comprehensive curriculum designed to foster critical thinking, effective communication, and practical application of psychological theories. With experienced faculty and access to real-world training through internships, students gain invaluable skills that enhance their employability.

The ROI of a psychology degree is particularly notable in today’s job market, where the demand for mental health professionals continues to rise. According to the U.S. Bureau of Labor Statistics, employment in psychology-related fields is projected to grow significantly over the next decade. This growth translates to increased job security and earning potential for graduates.

Moreover, the investment in a psychology degree at the Gallup Campus is economically viable. Tuition rates are competitive, and financial aid options are readily available, making higher education accessible. Many graduates find that their initial investment pays off quickly as they secure positions in counseling, social work, and various mental health-related roles.

In addition to immediate job prospects, a psychology degree serves as a stepping stone for advanced studies. Many alumni pursue master's or doctoral degrees, which can further enhance their career trajectories and earning potential. This progressive path not only boosts personal and professional growth but also contributes positively to the community by addressing mental health needs.

In conclusion, obtaining a Psychology Degree from the University of New Mexico – Gallup Campus is a wise investment. With a solid educational foundation, robust career opportunities, and a growing demand for psychology professionals, graduates can expect a favorable return on their investment, both financially and personally.

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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