Is a Psychology. Degree from Saint Mary-of-the-Woods College Worth It?
Choosing a major is one of the most significant decisions a student can make. While passion should be a primary driver, it's also wise to consider the financial return on investment (ROI). This page explores the financial realities for Psychology. students at Saint Mary-of-the-Woods College.
Post-Graduation Earnings
The median starting salary for Psychology. graduates from Saint Mary-of-the-Woods College two years after graduation is:
$30,771
Median Student Debt
The average amount of federal student loans taken on by students in this specific major is:
$27,000
Calculating the ROI
A simple way to think about ROI is comparing the median debt ($27,000) to the starting salary ($30,771). Generally, financial advisors recommend that your total student loan debt should not exceed your expected first-year salary.
It's Not Just About the Money
While ROI is an important factor, it's not the only one. Job satisfaction, work-life balance, and personal interest are critical to long-term career happiness. The "best" major for you is one that aligns with your skills, passions, AND financial goals.