Buyer Beware
Human Work and Learning
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Buyer Beware

First-Year Earnings and Debt for 37,000 College Majors at 4,400 Institutions

Posted: Oct. 9, 2020
Author(s): Anthony P. Carnevale, Ban Cheah, Martin Van Der Werf, Artem Gulish
Organization(s): Georgetown University Center on Education and the Workforce

Many college degrees look and sound alike, but the rewards from them are very different. This report uses data from the College Scorecard to demonstrate the vastly different outcomes in expected earnings and debt payments for graduates. Among its findings: First-year earnings for the same degree in the same major can vary by $80,000 at different colleges and universities. The study also reveals that workers with less education can often make more than workers with more education, and that higher levels of education do not always result in higher student loan payments.