Psychology Degree from University of New Orleans Return on Investment

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

F D C B A
Approximate Total Payment $127,758
Approximate Total Interest $36,160
Monthly Payment $887.21
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 orleans

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 26.68%-19.85%

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: 7.22%-5.37%

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: 19.82%-14.75%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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The decision to pursue a psychology degree from the University of New Orleans (UNO) is not just an academic choice; it’s an investment in your future. Understanding the return on investment (ROI) of such a degree can be crucial for prospective students and their families. Here’s a closer look at the potential benefits of earning a psychology degree from UNO.

First and foremost, a psychology degree provides a solid foundation in understanding human behavior, which is applicable in various fields such as healthcare, education, business, and social services. Graduates are equipped with critical thinking skills, research capabilities, and effective communication, making them valuable assets in the job market.

According to recent data, individuals with a bachelor's degree in psychology can earn significantly more over their lifetime compared to those with only a high school diploma. The American Psychological Association reports that psychology graduates can expect to earn an average salary of around $60,000 annually, with potential for growth as they gain experience and pursue further education or specialized training.

The University of New Orleans stands out for its unique focus on applied psychology and community engagement. Students benefit from hands-on experience through internships and research opportunities, which enhances their employability. Graduates often find positions in mental health services, counseling, human resources, and marketing, among other fields.

Furthermore, UNO’s strong alumni network provides ongoing support and career advancement opportunities for graduates. Networking with industry professionals and fellow alumni can lead to job placements and collaborations that further enhance career trajectories.

In addition to career opportunities, the personal growth experienced through a psychology program is invaluable. Students develop a deeper understanding of themselves and others, equipping them with skills that benefit both personal and professional relationships.

In conclusion, the return on investment for a psychology degree from the University of New Orleans is substantial. With competitive earning potential, diverse career opportunities, and a focus on practical experience, students can feel confident that their education will pay dividends in both their careers and personal development.

For those considering a psychology degree, the University of New Orleans offers an excellent pathway to a fulfilling and lucrative career, making it a smart investment for the 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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