15 October 2020
A recent report named “Buyer Beware: First-Year Earnings and Debt for 37,000 College Majors At 4,400 Institutions” published this week by the Georgetown University Center on Education and the Workforce (GEW), an independent research institute attached to Georgetown University in Washington, has found that college graduates’ first-year earnings, as well as the federal loan debts, vary depending on their study degrees.
The report used data from the online tool College Scorecard with the main purpose of analyzing first-year earnings of students graduating from 37,459 programs at 4,434 colleges, the level of federal student loan debt, as well as the loan payment per month.
According to the report, workers who have more education are likely to earn more money than those with less education. Moreover, data shows that 44 per cent of graduates with a bachelor degree earn between $4,000 and $8,000 per month, whereas 10 per cent of individuals with an associate degree earn the same amount of money.
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