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College Majors Figure Big in Earnings

Wall Street Journal Original article ›

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The Georgetwon University Center on Education and the Workforce 2015 report shows the different college majors, annual wages and lifetime earnings based on Census Bureau data. Engineering comes first, followed by computers. Advanced graduate degrees make a large difference in earnings in health sciences. A lot depends on the standing in the class with top 25% of the class in finance having much higher earnings. A lot also depends on the individual. Employment opportunities may be lacking even if annual wages are high, as in architecture.

2015 report on college majors and annual wages from the Georgetown University Center on Education and the Workforce

05/07/2015

The report looks at annual wages, employment opportunities and lifetime earnings for different college majors. It ranks engineering first, computers second. Heathcare and Law come further down the list. For healthcare advanced studies and graduate degrees can double incomes. In finance and business the top 25% in grades do a lot better than the rest. Architecture has high incomes but fewer opportunities for employment. A lot depends on the individual say authors of the study.

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College Majors Figure Big in Earnings

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California College Chief Calls for Tuition Freeze

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Worthy of TR (1)- Mitch Daniels, former Republican Governor of Indiana, on the damage done by rising tution and what Purdue University is doing about it

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A three year freeze on tution and reducing the expenses of room and board and textbooks is the response of Purdue University to the student debt crisis facing the U.S. Student debt will reach $1.3 trillion by 2015 by Federal Reserve estimates. WSJ-Experian analysis shows about 40 million students are affected in 2014, 70% of those who graduate, and the average student in the class of 2014 leaves college with $33,000 in debt. The result is that 20 and 30 year old young people delay marraige, childbearing, delay buying a home. About half fear they will default on other debt, and of those under 24 45% live with parents. Fewer of these people will start a business. Mitch Daniels says costs of education have to come down and soon- it is a moral and social obligation for all in our society to keep our social fabric together, our ultimate strength.

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