What's the ROI of Your College Major? It May Surprise You
Choosing a college major may be one of the most difficult decisions you'll make during your college career. Not only is it important to choose a major based on your interests, it is important to keep in mind the cost of the degree as well as how much careers in that field pay. The fact is, for most careers, it will take you more than a year's worth of your starting salary to be able to cover the cost of your education.
We took a look at the most popular college majors chosen by students at private colleges and their possible career paths to better understand what their return on investment (ROI) looks like.
Tip to Consider
If you need to borrow money for college, try to keep your total student loan debt to less than your expected starting annual salary. According to FastWeb, your student loan debt should be less than half of your salary. To help keep your expenses down, take a look at our top ten list of ways to graduate with less debt.
CNN Ten Most Popular Majors and What they Pay
The College Board
American Academy of Nurse Practitioners