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Feds release data on wages, debt for specific college majors
Associated Press ^ | November 20, 2019 | COLLIN BINKLEY

Posted on 11/21/2019 6:56:46 PM PST by karpov

For the first time, the U.S. Education Department has published data allowing students to compare salary and debt levels for specific college programs rather than for entire institutions only.

The information was made public Wednesday on the agency’s updated College Scorecard website, which was created under the Obama administration to help students evaluate which colleges provide the best value. The update is seen as a milestone in the department’s efforts to shine a light on programs that leave students with heavy debt and low incomes.

Previously, students could use the online tool to compare salary and debt averages for entire schools, benchmarks that the Education Department now says are “fairly meaningless.” Students today can sort through specific majors within a school and see how they stack up against one another, or against programs at other schools, and see which ones lead to the highest salaries or the lowest debt.

Education Secretary Betsy DeVos said the new tool provides “real information students need to make informed, personalized decisions about their education.” By providing the same statistics for all institutions, she said, students can compare any programs they are considering “without regard to the type of school.”

The website allows students to search for a specific school or to browse by field of study or degree type. It offers information on schools from Ivy League universities to vocational schools and certificate programs.

There are some drawbacks.

The earnings data are available for only 20% of the 200,000 programs listed in the department’s database, while others are hidden for privacy reasons because they had few students. The earnings figures were measured a year after graduation and reflect students who received federal loans or Pell grants only. They do not count students with no earnings.

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy
KEYWORDS: college; jobs
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1 posted on 11/21/2019 6:56:46 PM PST by karpov
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To: karpov

Support your local Commie. Go to college.


2 posted on 11/21/2019 6:58:06 PM PST by 1956tbyrd
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To: karpov

Valuable information


3 posted on 11/21/2019 7:07:10 PM PST by griswold3 (Democratic Socialism is Slavery by Mob Rule)
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To: karpov

GOOD! now either stop tax payer funded student loans all together or base funding on College majors which can reasonably be expected to generate wages to replace said loans. Let the Universities and private funding take care of the worthless dead weight degrees.


4 posted on 11/21/2019 7:11:27 PM PST by DAC21 ( and Naflet)
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To: karpov

“There were also more than 100 programs in which the median debt was more than four times greater than the median salary, including some film, drama and visual arts programs at prestigious schools such as Columbia University and New York University.”

See this? This is my shocked face.


5 posted on 11/21/2019 7:19:43 PM PST by freedumb2003 (As always IMHO)
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To: karpov

It pays to be a dentist! Haven’t we always suspected this? A little bit of a racket, dentistry.


6 posted on 11/21/2019 7:27:20 PM PST by olivia3boys
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To: karpov

Students can also use the Department of Labor website to get earnings information for various professions, along with the expected growth of jobs in those fields. There is a lot of information out there for people who look for it.


7 posted on 11/21/2019 7:31:41 PM PST by exDemMom (Current visual of the hole the US continues to dig itself into: http://www.usdebtclock.org)
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To: karpov

This must be racist or sexist or something.


8 posted on 11/21/2019 7:33:46 PM PST by ebshumidors
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To: olivia3boys

It pays to be a dentist!

You’ll be a Dentist!
(Be a dentist)
You have a talent for causing things pain

https://www.youtube.com/watch?v=bOtMizMQ6oM


9 posted on 11/21/2019 7:34:18 PM PST by dfwgator (Endut! Hoch Hech!)
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To: DAC21
We are not saying that no one should take these programs. We are simply offering the idea that, if they want to pay a lot, OUT OF THEIR OWN POCKET, for a hobby degree, go for it. They just won't be able to get a student loan.

It's called "return on investment".

10 posted on 11/21/2019 7:42:08 PM PST by jonascord (First rule of the Dunning-Kruger Club is that you do not know you are in the Dunning-Kruger club.)
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To: karpov

Very unfriendly website to navigate through.

What I want to know is what kind of jobs are available and what they are paying for a graduate in Non-Binary Gender Studies who has $100,000 in student loan debt.


11 posted on 11/21/2019 7:44:12 PM PST by Rebelbase
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To: karpov

Not actually very useful. I looked up Harvard gender and other studies. The annual salary for a grad (98% graduation rate!) was $37-129, 000. The average annual cost at Harvard was listed as $14,000.


12 posted on 11/21/2019 7:51:02 PM PST by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
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To: DAC21

I’m not quite sure what the world would look like without philosophers, economists, teachers, lawyers, historians, archeologists, psychologists, artists, authors, and social workers. But apparently that’s the world you want if you think every degree outside of STEM is worthless.


13 posted on 11/21/2019 8:04:20 PM PST by david1292
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To: david1292
I’m not quite sure what the world would look like without philosophers, economists, teachers, lawyers, historians, archeologists, psychologists, artists, authors, and social workers. But apparently that’s the world you want if you think every degree outside of STEM is worthless.

I'm a bit perturbed by that attitude myself. Having said that, a person is, in my opinion, obliged to pay his debts. When choosing a field of study, one has to be circumspect about its financing.

14 posted on 11/21/2019 8:38:45 PM PST by Mr Ramsbotham ("God is a spirit, and man His means of walking on the earth.")
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To: Mr Ramsbotham

We simply need to get the government out of providing student loans and grants for college.


15 posted on 11/21/2019 9:32:43 PM PST by 9YearLurker
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To: david1292
I’m not quite sure what the world would look like without philosophers, economists, teachers, lawyers, historians, archeologists, psychologists, artists, authors, and social workers. But apparently that’s the world you want if you think every degree outside of STEM is worthless.

I would say let's try it. These professions do not need degrees at all, philosophers, historians, artists, authors, and social workers. Self directed study should teach them what they need to know.

These people we could used a great deal less of, economists, lawyers, archaeologists and psychologists. There is currently a glut on the market and they are mostly fools.

There should be no such thing as a teaching degree.

16 posted on 11/21/2019 10:46:02 PM PST by Harmless Teddy Bear (A hero is a hero no matter what medal they give him. Likewise a schmuck is still a schmuck.)
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To: Harmless Teddy Bear

History is important as in fake news really is a crime. That being said, people dealing with the topic are way too irresponsible and stupid. Usually people good in stem are also more honest in other topics like History, and Stem should be, imo, a prereq to a topic like this so the idiots and frauds be kept out the most.


17 posted on 11/21/2019 11:03:50 PM PST by JudgemAll (Democrats Fed. job-security in hatse:hypocrites must be gay like us or be tested/crucified e)
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To: JudgemAll

My brother went to a really good college and paid for working part-time in a grocery store. The problem began with deep pockets government.


18 posted on 11/22/2019 1:06:24 AM PST by Cowgirl
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To: karpov

How about a Gender Studies major?


19 posted on 11/22/2019 5:11:59 AM PST by Gay State Conservative (A joke: Brennan,Comey and Lynch walk into a Barr...)
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To: olivia3boys

Ordinary dentists serve a useful purpose. Cosmetic dentists,OTOH,are just con artists who take advantage of peoples’ insecurities.I see than to be the equivalent of surgeons who do b00b jobs.


20 posted on 11/22/2019 5:14:47 AM PST by Gay State Conservative (A joke: Brennan,Comey and Lynch walk into a Barr...)
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