Psychology Degree from Western Illinois University Return on Investment

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

F D C B A
Approximate Total Payment $189,674
Approximate Total Interest $53,684
Monthly Payment $1317.18
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 western illinois university

Clinical, counseling, and school psychologists

Projection Rating: D-

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 39.60%-29.47%

Employment Change: 12.3%

Entry-Level Education: Doctoral or professional degree

Industrial-organizational psychologists

Projection Rating: B+

Median Annual Wage: $147,420

Percentage of Paycheck to Repay: 10.72%-7.98%

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: 29.43%-21.90%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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If you're considering pursuing a Psychology degree from Western Illinois University (WIU), you're likely curious about the return on investment (ROI) of your educational journey. A Psychology degree not only provides a solid foundation in understanding human behavior but also opens doors to various career opportunities that can lead to financial stability and personal fulfillment.

Western Illinois University’s Psychology program is designed to equip students with essential skills that are in high demand in today’s job market. Graduates find themselves well-prepared for roles in counseling, social work, human resources, and more, with the potential for career advancement as they gain experience. The university’s commitment to experiential learning through internships and research opportunities enhances the educational experience, providing students with real-world skills that boost employability.

When evaluating the ROI of a Psychology degree from WIU, consider the average salary range for psychology graduates. According to recent data, individuals with a bachelor’s degree in psychology can earn between $35,000 and $50,000 annually, while those who pursue advanced degrees may see salaries exceeding $70,000. Additionally, the demand for mental health professionals continues to grow, reflecting a positive job outlook for psychology graduates.

Moreover, WIU offers competitive tuition rates compared to other institutions, meaning you can achieve your educational goals without incurring substantial debt. The financial aid options available, including scholarships and grants, further enhance the value of obtaining your degree from WIU.

In summary, investing in a Psychology degree from Western Illinois University can yield significant returns in both career opportunities and earning potential. With a strong educational foundation, valuable hands-on experiences, and a supportive academic environment, you can confidently embark on a rewarding career that not only pays off financially but also allows you to make a meaningful impact in the lives of others.

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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