The 10 highest paying college degrees – not all of them are STEM degrees

American University President on Rising College Costs: We Need to Focus on the Value Proposition

Despite the sky-high overall costs and high student loan amount, more students and their families are Rethink the value of a college education.

But ultimately, it is your choice of major and type of degree that will most impact your return on investment.

According to a new U.S. Census Bureau analysis of bachelor’s degrees and average earnings, students pursuing degrees specifically in computer science, electrical engineering, mechanical engineering or economics – most often STEM fields – earn the most overall.

According to the report, workers in these fields have annual incomes of $100,000 or more.

Alternatively, those with degrees in education, elementary education, fine arts, family and consumer sciences, and social work had annual incomes of less than $60,000.

A gender pay gap still exists among top earners

Consider the return on your academic investment

Studies show that a college degree usually pays off.

Bachelor graduates usually earn 75% more than those with only a high school diploma, according to The College Payoff, a report from the Georgetown University Center on Education and the Workforce.

More from Personal Finance:
These top colleges all promise no student loan debt
Public colleges are not as cheap as you think
Should you apply to college early?

“However, it is important to consider your major before taking out student loans to finance your education,” said Robert Franek, editor-in-chief of The Princeton Review.

“As a rule of thumb, students should not take on more debt than they expect to earn in the first year after graduation,” he said.

At the very least, “it forces discussion about what the actual return on my academic investment will be.”

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