Best Value Colleges for Psychology Majors

Do you have stellar people skills and have a knack for solving problems? If so, then you may find that majoring in the field of psychology is right for you.  Read More

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1University of California - Berkeley(In-State)
20 Year Net ROI$563,100
Total 4 Year Cost$129,900
Grad Rate91%
Time to Graduate4 Years
Loan Amt$23,360
2University of Michigan - Ann Arbor(In-State)
20 Year Net ROI$511,500
Total 4 Year Cost$101,500
Grad Rate90%
Time to Graduate4 Years
Loan Amt$28,240
3University of California - Berkeley(Out-of-State)
20 Year Net ROI$471,600
Total 4 Year Cost$221,400
Grad Rate91%
Time to Graduate4 Years
Loan Amt$23,360
4University of California - Irvine (UCI)(In-State)
20 Year Net ROI$425,000
Total 4 Year Cost$118,000
Grad Rate86%
Time to Graduate4 Years
Loan Amt$21,440
5University of Michigan - Ann Arbor(Out-of-State)
20 Year Net ROI$408,900
Total 4 Year Cost$204,100
Grad Rate90%
Time to Graduate4 Years
Loan Amt$28,240
6University of California - Los Angeles (UCLA)(In-State)
20 Year Net ROI$337,500
Total 4 Year Cost$125,500
Grad Rate90%
Time to Graduate4 Years
Loan Amt$24,840
7University of California - Irvine (UCI)(Out-of-State)
20 Year Net ROI$333,500
Total 4 Year Cost$209,500
Grad Rate86%
Time to Graduate4 Years
Loan Amt$21,440
8University of Oregon(In-State)
20 Year Net ROI$332,400
Total 4 Year Cost$90,600
Grad Rate67%
Time to Graduate4 Years
Loan Amt$28,480
9Virginia Polytechnic Institute and State University (Virginia Tech)(In-State)
20 Year Net ROI$305,000
Total 4 Year Cost$98,000
Grad Rate82%
Time to Graduate4 Years
Loan Amt$31,000
10University of California - Santa Cruz (UCSC)(In-State)
20 Year Net ROI$302,700
Total 4 Year Cost$130,300
Grad Rate73%
Time to Graduate4 Years
Loan Amt$22,840
11University of California - Davis (UC Davis)(In-State)
20 Year Net ROI$287,300
Total 4 Year Cost$125,700
Grad Rate81%
Time to Graduate4 Years
Loan Amt$22,280
12University of California - San Diego (UCSD)(In-State)
20 Year Net ROI$285,000
Total 4 Year Cost$118,000
Grad Rate86%
Time to Graduate4 Years
Loan Amt$22,440
13California State University - Fullerton (CSUF)(In-State)
20 Year Net ROI$263,500
Total 4 Year Cost$89,500
Grad Rate53%
Time to Graduate5 Years
Loan Amt$21,800
14University of Oregon(Out-of-State)
20 Year Net ROI$256,600
Total 4 Year Cost$166,400
Grad Rate67%
Time to Graduate4 Years
Loan Amt$28,480
15Virginia Polytechnic Institute and State University (Virginia Tech)(Out-of-State)
20 Year Net ROI$246,500
Total 4 Year Cost$156,500
Grad Rate82%
Time to Graduate4 Years
Loan Amt$31,000

*NOTE: Unranked schools on this list don’t have on-campus living options, so on-campus costs are not available.

Based on PayScale's College ROI Report, psychology majors can get more out of their studies than helping people become the best versions of themselves, they can also get nice attractive returns from this do-good field of work.

PayScale's College ROI Report provides 20-year net return on investment calculations from top colleges across the nation based on one's chosen major: business, engineering, humanities, life sciences, and more. Here are the top three best value colleges for psychology majors and the impressive ROIs they promise their alumni.

For the best return on investment, psychology majors should definitely consider top-ranking University of California, Berkeley. "Cal" offers a 20-year net return on investment for psychology majors of $647,400 with a net annualized ROI of 14.8 percent for in-state students living off campus collecting financial aid. For students living on campus, the calculations drop slightly to $629,600 and 12.9 percent, respectively.

There's also a slight dip in 20-year net ROI and net annualized return on investment for psychology majors who pay their tuition without financial assistance, but it's not a considerable difference. Return on investment for psychology majors living off campus is $580,900 (a difference of $66,500), with a net annualized ROI of 9.7 percent (a 5.1 percent variance). In-state psychology majors living on campus who aren't collecting financial aid can expect a 9.7 percent annualized ROI, which amounts to a $563,100 return on investment over 20 years.

Cal also takes the number three spot for best value colleges for psychology majors, being beat out by University of Michigan, Ann Arbor for second place on the College ROI Report. Out-of-state tuition can bring in a return on investment for psychology majors ranging from $538,100 (annualized ROI of 7.9) to $555,900 (annualized ROI of 8.6 percent), assuming financial aid is being collected. Again, Cal proves itself as one of the best value colleges for psychology majors by providing alumni with hefty returns for a wise investment in their education and careers.

As mentioned earlier, University of Michigan takes the number two spot on the College ROI Report for psychology majors. According to the report for return on investment, psychology majors paying in-state tuition can expect a return from "Michigan" between $565,800 and $511,500 (depending on financial aid status) over 20-years for their educational dollars. For net annualized return on investment, psychology majors collecting financial aid are looking at a 13.9 percent ROI, with non-financial aid students looking at a 9.6 percent ROI. As an added bonus for being one of the best value colleges for psychology majors, "Michigan" also offers it students one of the best college towns in the nation, Ann Arbor.

As proved by the College ROI Report, psychology majors who pursue degrees from the nation's top-tier schools can expect very decent returns for their educational investment -- it's the gift that keeps on giving. Students are encouraged to use the College ROI Report to see how the varying ROIs from some of the best value colleges for psychology majors (and many other majors) in the nation stack up, so that they can make an educated and calculated decision on where to pursue their collegiate careers.