Psychology Degree from University of North Carolina at Pembroke Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from University of North Carolina at Pembroke is likely to work in.

F D C B A
Approximate Total Payment $128,704
Approximate Total Interest $36,427
Monthly Payment $893.77
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 north carolina at pembroke

Clinical, counseling, and school psychologists

Projection Rating: C-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 26.87%-20.00%

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: 7.28%-5.41%

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: 19.97%-14.86%

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 North Carolina at Pembroke (UNCP) is one that can significantly impact your future career and financial prospects. Understanding the return on investment (ROI) of this degree is crucial for prospective students. Here, we delve into the various facets that contribute to the ROI of a Psychology degree from UNCP.

One of the primary factors influencing ROI is the potential salary you can earn post-graduation. Graduates with a Psychology degree often find employment in various fields, including mental health services, education, human resources, and social work. According to recent statistics, the average salary for psychology graduates in North Carolina ranges from $40,000 to over $60,000 annually, depending on the specific role and level of experience. This competitive salary can provide a solid foundation for financial stability and growth.

Furthermore, UNCP is known for its strong emphasis on practical experience and community engagement. The Psychology program offers students opportunities for internships and hands-on learning, enhancing their skills and employability. Graduates who gain relevant experience during their studies often report higher job placement rates and quicker transitions into the workforce.

Another critical aspect to consider is the cost of education. UNCP offers a competitive tuition rate compared to many private institutions, making it an affordable option for students seeking a quality education in psychology. Additionally, financial aid options, scholarships, and work-study programs are available to help reduce the financial burden, further improving the ROI of your degree.

Networking opportunities also play a vital role in maximizing the ROI of your Psychology degree. UNCP’s connections with local businesses, organizations, and alumni can open doors to job opportunities and mentorships that might not be available elsewhere. Building a professional network while studying can significantly enhance your career prospects and earning potential.

Lastly, the skills acquired through a Psychology degree—such as critical thinking, communication, and problem-solving—are highly transferable and valued in various industries. This versatility means that graduates are not limited to traditional psychology roles but can also pursue careers in marketing, management, and counseling, further increasing their earning potential and career satisfaction.

In conclusion, the return on investment for a Psychology degree from the University of North Carolina at Pembroke is promising. With competitive salaries, affordable tuition, valuable networking opportunities, and a strong focus on practical experience, students can expect to see significant benefits from their educational investment. If you’re considering a career in psychology, UNCP could be the ideal place to start your 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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