Social Work Degree from California State University – Monterey Bay Return on Investment

See what the return on investment is for jobs that someone with a Social Work degree from California State University – Monterey Bay is likely to work in.

F D C B A
Approximate Total Payment $94,078
Approximate Total Interest $26,627
Monthly Payment $653.32
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 social work from california state university - monterey bay

Healthcare social workers

Projection Rating: B-

Median Annual Wage: $62,940

Percentage of Paycheck to Repay: 18.68%-13.90%

Employment Change: 18.7%

Entry-Level Education: Master's degree

Mental health and substance abuse social workers

Projection Rating: C+

Median Annual Wage: $55,960

Percentage of Paycheck to Repay: 21.01%-15.64%

Employment Change: 14.4%

Entry-Level Education: Master's degree

Social workers, all other

Projection Rating: B

Median Annual Wage: $63,770

Percentage of Paycheck to Repay: 12.29%-9.15%

Employment Change: 3.8%

Entry-Level Education: Bachelor's degree

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The decision to pursue a Social Work Degree from California State University – Monterey Bay is not just about gaining knowledge and skills; it’s also an important investment in your future. Understanding the return on investment (ROI) of this degree can help you make an informed choice that aligns with your career goals and financial aspirations.

Graduates from California State University – Monterey Bay benefit from a comprehensive education that equips them with the tools to tackle complex social issues. The program focuses on practical experiences, allowing students to engage in hands-on fieldwork, which enhances their employability upon graduation. This real-world application of skills is a key factor contributing to a strong ROI.

Employment opportunities for social work graduates are abundant and growing. According to the U.S. Bureau of Labor Statistics, the demand for social workers is expected to increase by 13% from 2019 to 2029, much faster than the average for all occupations. This growth translates into a steady influx of job opportunities for graduates, leading to competitive salaries and job security.

Additionally, social workers in California tend to earn higher salaries compared to their counterparts in other states. With the average annual salary for social workers in California standing at around $63,000, the investment in a degree from CSU Monterey Bay can lead to a significant financial return over time.

Moreover, CSU Monterey Bay offers a range of financial aid options, scholarships, and grants to help alleviate the cost of education, further enhancing the ROI for students. By reducing educational debt, graduates can enjoy a more favorable financial outlook as they enter the workforce.

In conclusion, a Social Work Degree from California State University – Monterey Bay not only prepares students for a fulfilling career dedicated to making a difference but also offers a promising return on investment through job growth, competitive salaries, and available financial aid. By choosing this program, you are investing in a future that combines passion with prosperity.

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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