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How much money?

I'm planning on going to college for my PhD in psychology and am wondering if anyone can give an estimate of student loans this would give me. Thank you!

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Aisha’s Answer

Hi Grace,

Embarking on a journey towards a Ph.D. in psychology can be a transformative experience, paving the way for a wealth of exciting career possibilities. In many fields related to psychology, holding a doctoral degree is a vital stepping stone towards securing employment and earning professional certifications. Here in Michigan, where I live, the financial prospects are quite promising too. As of October 25, 2023, the average salary for a Clinical Licensed Psychologist with a Ph.D. is around $113,100. However, depending on various factors, this figure can fluctuate between $102,800 and $125,700.

Here's wishing you all the best on your exciting journey.

Warm Regards,
Aisha
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