Social Work Degree from Loyola University Chicago Return on Investment
See what the return on investment is for jobs that someone with a Social Work degree from Loyola University Chicago is likely to work in.
Top job projections for graduates in social work from loyola university chicago
Healthcare social workers
Projection Rating: F-
Median Annual Wage: $62,940
Percentage of Paycheck to Repay: 49.03%-36.49%
Employment Change: 18.7%
Entry-Level Education: Master's degree
Mental health and substance abuse social workers
Projection Rating: F-
Median Annual Wage: $55,960
Percentage of Paycheck to Repay: 55.15%-41.04%
Employment Change: 14.4%
Entry-Level Education: Master's degree
Social workers, all other
Projection Rating: D
Median Annual Wage: $63,770
Percentage of Paycheck to Repay: 32.26%-24.01%
Employment Change: 3.8%
Entry-Level Education: Bachelor's degree
When considering a Social Work degree, understanding the return on investment (ROI) is crucial for prospective students. Loyola University Chicago offers a comprehensive Social Work program that not only equips graduates with essential skills but also provides significant long-term benefits.
The ROI of a Social Work degree from Loyola University Chicago is evident in various aspects, including potential earnings, job stability, and the impact of social work on communities. Graduates can expect competitive salaries in the social work field, with many positions offering above-average pay compared to other professions requiring similar educational backgrounds.
Moreover, the demand for social workers continues to grow, ensuring a stable job market for graduates. According to the Bureau of Labor Statistics, employment for social workers is projected to grow 12% from 2020 to 2030, much faster than the average for all occupations. This demand translates into job security and numerous opportunities for advancement.
In addition to financial gains, a Social Work degree from Loyola University Chicago prepares students for fulfilling careers that make a tangible difference in people's lives. Graduates often find themselves in roles that contribute positively to society, enhancing their job satisfaction and personal fulfillment.
Investing in a Social Work degree at Loyola University Chicago not only paves the way for a rewarding career but also fosters a sense of purpose and community engagement. By choosing this path, students are not just making a financial investment; they are committing to a future where they can effect real change.
In summary, the return on investment for a Social Work degree from Loyola University Chicago is multifaceted. With strong earning potential, job security, and the opportunity to make a positive impact, this degree stands as a valuable asset for those looking to embark on a meaningful career in social work.
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.