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

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

F D C B A
Approximate Total Payment $131,631
Approximate Total Interest $37,256
Monthly Payment $914.10
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 - main campus

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 27.48%-20.45%

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: 7.44%-5.54%

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: 20.42%-15.20%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in a psychology degree from the University of New Mexico (UNM) Main Campus offers exceptional returns for future professionals in the field. With a comprehensive curriculum that combines theoretical knowledge and practical experience, graduates are well-prepared to embark on fulfilling careers in various sectors, including mental health, education, research, and corporate settings.

One of the key benefits of pursuing a psychology degree at UNM is the university's strong reputation and commitment to student success. The faculty consists of experienced professionals and researchers who provide personalized guidance and mentorship. This not only enhances the learning experience but also opens doors for networking opportunities that can lead to internships and job placements.

Financially, the return on investment (ROI) for a psychology degree from UNM is promising. Graduates can expect competitive salaries, with many entry-level positions starting around $40,000 annually, depending on the specific career path. As individuals gain experience and potentially pursue advanced degrees, earnings can significantly increase, with many professionals earning upwards of $70,000 or more in specialized roles.

Moreover, the versatility of a psychology degree means graduates can adapt to various industries. Whether you choose to work in clinical settings, business, or non-profit organizations, the skills acquired during your studies—such as critical thinking, communication, and research—are highly valued across the job market.

In addition to financial benefits, the impact that psychology professionals have on individuals and communities is immeasurable. By studying at UNM, you are not only investing in your future but also contributing positively to society by promoting mental health awareness and supporting those in need.

In conclusion, a psychology degree from the University of New Mexico's Main Campus is a worthwhile investment that offers significant returns both financially and personally. With a rich educational experience, strong career prospects, and the opportunity to make a difference in people's lives, your choice to pursue this path can lead to a 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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