According to recent data from the National Center for Education Statistics, almost half of all undergraduate students take out loans for their education, leading to a median student loan debt of around $25,084 upon graduation. However, the amount of debt often varies depending on the selected major.
The Education Data Initiative reports that the major with the highest median student debt is curriculum and instruction, with a median debt over $20,000 above that of bachelor’s degree graduates. Graduates in this field typically pursue careers in education research or policy, or move on to graduate programs in teaching.
The second-highest median debt is held by behavioral sciences majors, with a median debt of $44,554. Graduates in this field often work in counseling, social services, and research. Many of the better-paid roles in this field require a master’s degree or additional qualifications, leading to further debt.
Engineering-related technology majors have a median student debt of about $41,308 upon graduation. This field is broad and includes a focus on applied engineering and real-world problems.
The fourth highest level of student debt is associated with complementary and alternative medicine majors, with a median debt of over $40,000. Programs in this field may include acupuncture, naturopathy, and other unconventional approaches. This is a complex and diverse field with varying career paths, licensing requirements, and earning potentials.
Though some students may accumulate more debt than others, particularly those in pricier private schools or those who take longer than four years to graduate, a bachelor’s degree can significantly influence wages and unemployment rates.
Paying off student debt can become increasingly difficult with higher debt loads and lower starting salaries. However, struggling graduates can defer federal student loan payments or lower their monthly payments through an income-driven repayment plan. While these can prolong the repayment period and accrue more interest, these options can provide borrowers with much-needed financial relief and help avoid missed payments or default.