Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)
 

FarCenter

(19,429 posts)
Sat Jun 23, 2012, 06:25 PM Jun 2012

5 College Degrees That Aren't Worth The Cost [View all]

If you’ve ever wanted to know the two main reasons why Americans decide not to go to college, the St. Louis Fed presented two convincing explanations. The more frightening of the two scenarios showed that, for students paying their own tuition, most will need a starting salary of $40,000 or better to overcome lifetime earnings of high school graduates.

How can it be that someone with a $40,000 starting salary can’t out-earn the average high school graduate? The reason is two-fold. Most college students forgo income while attending college. Also, given the average annual tuition of $25,000, a student paying his own way is facing a $100,000 college bill. Add the loss of income and the six-digit education tab, and graduates start their professional lives in a large financial hole.

If a starting salary of $40,000 is what it takes to overcome the high costs of going to college, you will want to know what degrees aren’t averaging the benchmark income. Georgetown pulled together statistics on average starting salary for many popular degrees. Below are five degrees with average starting salaries that may not be worth paying the costs for college.

Social Work

Elementary Teachers

Drama and Theater Arts

Family and Consumer Studies

Anthropology and Archaeology

http://www.businessinsider.com/5-college-degrees-that-arent-worth-the-cost-2012-6

31 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Just 5? Fla_Democrat Jun 2012 #1
The calcs assume actual employment in the field quaker bill Jun 2012 #4
Consult "College Majors, Unemployment, and Earnings", from Georgetown University FarCenter Jun 2012 #6
Classical music is not on the list? catrose Jun 2012 #26
My daughter just graduated with a degree in Early Childhood Education Inspired Jun 2012 #2
Maybe in this world and this culture. I've got a Master's in English coalition_unwilling Jun 2012 #5
It was worse for me. Got a masters in Early Childhood Education. no_hypocrisy Jun 2012 #20
I hope not. tell her not to give up. Liberal_in_LA Jun 2012 #25
I read this more as a proposal to RAISE the salaries of those fields... Blue_Tires Jun 2012 #3
that's if you believe there's no value to a theater degree beyond its income-earning effect unblock Jun 2012 #7
Well, if no one goes to school to be an elementary school teacher, I'll bet they'd become a hot MADem Jun 2012 #8
I think Bill Gates intends to sell "virtual teachers" once he drives them all away from the McCamy Taylor Jun 2012 #9
Have you been to "Khan Academy?" It's pretty damned remarkable. MADem Jun 2012 #29
College in Florida just dropped their Computer Science Major HockeyMom Jun 2012 #10
Wait until the DOD starts outsourcing. No engineering jobs then, either. McCamy Taylor Jun 2012 #12
If you're referring to the University of Florida mythology Jun 2012 #14
Got a Masters in Public Health---and realized that the only good jobs I could get McCamy Taylor Jun 2012 #11
Consider Drama and Theater Arts to be pre-law HubertHeaver Jun 2012 #13
Add newspaper journalism to the list of useless courses of study LiberalEsto Jun 2012 #15
My daughter is a middle school English teacher RebelOne Jun 2012 #16
I got a law degree, which is a doctorate, 25 years ago. Manifestor_of_Light Jun 2012 #17
A juris doctorate is a master's degree Nevernose Jun 2012 #19
My J.D. took ashling Jun 2012 #21
My wife and I both have MAs Nevernose Jun 2012 #23
Not in academic departments I'm aware of Sgent Jun 2012 #27
Theatre degree is a hit or miss rainbow4321 Jun 2012 #18
I have a niece who is making a go of that, and a friend who is doing that in Hollywood. MADem Jun 2012 #30
"A cynic is a man who knows the price of everything and the value of nothing." Oscar Wilde Tierra_y_Libertad Jun 2012 #22
Yep. (nt) Posteritatis Jun 2012 #24
+1 Zorra Jun 2012 #31
Social Work Sgent Jun 2012 #28
Latest Discussions»General Discussion»5 College Degrees That Ar...