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Do Students With Your Major Struggle With Student Loans?

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Jason Spencer of Student Loan Relief explains which college majors have trouble paying off student loans and why.

Published in: Business
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Do Students With Your Major Struggle With Student Loans?

  1. 1. D O S T U D E N T S W I T H Y O U R M A J O R S T R U G G L E W I T H S T U D E N T D E B T ? JASON SPENCER
  2. 2. $ 3 7 , 1 7 2 The average college graduate in 2016 left school with in student DEBT. According to a study conducted by the Hamilton Project, students of different majors usually owe similar amounts at graduation.   SO, WHY IS IT HARDER FOR SOME MAJORS TO REPAY THEIR LOANS THAN OTHERS?
  3. 3. S O M E M A J O R S M A K E L E S S E A R L Y O N .  A recently graduated art student working as a freelance graphic designer isn't making what a salaried engineer is during their first year out of college. For these lower-earning grads, loan payments can take away a significant portion of their monthly income.   These are the majors that struggle the most.*  *Numbers taken from a Center on the Workforce and Education Study,         which was conducted with the support of Georgetown University in 2015. 
  4. 4. P S Y C H O L O G Y A N D S O C I A L W O R K   Bachelor’s Degree:                       $31,000 Bachelor’s Degree with 5-10 years of experience:                        $56,000 Graduate Degree with 5-10 years of experience:                        $65,000 
  5. 5. A R T S Bachelor’s Degree:                       $31,000 Bachelor’s Degree with 5-10 years of experience:                        $53,000  Graduate Degree with 5-10 years of experience:                        $62,000
  6. 6. B I O L O G Y     Bachelor’s Degree:                       $32,000 Bachelor’s Degree with 5-10 years of experience:                        $65,000 Graduate Degree with 5-10 years of experience:                        $104,000 
  7. 7. H U M A N I T I E S   Bachelor’s Degree:                       $32,000 Bachelor’s Degree with 5-10 years of experience:                       $52,000  Graduate Degree with 5-10 years of experience:                        $73,000
  8. 8. E D U C A T I O N   Bachelor’s Degree:                       $33,000 Bachelor’s Degree with 5-10 years of experience:                        $47,000 Graduate Degree with 5-10 years of experience:                       $62,000
  9. 9. C O M M U N I C A T I O N S A N D J O U R N A L I S M   Bachelor’s Degree:                       $34,000 Bachelor’s Degree with 5-10 years of experience:                       $63,000 Graduate Degree with 5-10 years of experience:                        $75,000

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