Friday, 12 June 2020

College Degrees That Worth The Student Loan Debt

College Degrees

If you want to go to college and you have to take out some loans which degrees I think are actually worth the cost. I have done a little bit of research and I asked around and there are some majors that I think honestly are not worth the cost, so I am going to be very real with you, college is a very expensive investment like I always say, most people are going to have to take out student loans in order to go to college so it is important to consider whether or not you are going to be able to pay off those student loans with the degree that you are getting. Is the investment that you are making going to be worth it, that being said, I am going to jump right into the article.



  • Disclaimer: This is just my opinion, you should definitely always do whatever it is that you are passionate about, I don't think that you should ever sell yourself short, If I mention your major in the list of things that I don't think are worth it, that's not to say that you should go to college and major in something else, I do not think that you should change your passion, I think that you should maybe change your route. You do not have to be intense and thousand of dollars of student loan debt just because you feel like you need to go to college. You might want to read the article and consider is college the best route for you and what it is that you want to do.


Let's just jump right into the article 


Majors That Are Worth The Student Loan Debt

  1. Health  Career 
  2. Law
  3. Engineering 
  4. Finance, Accounting, or Consulting 
  5. Computer Science

If you want to be major in any of those listed above, you have to go to college and It will pay itself back as long as you work really hard, engineering, as we all know in this world today engineering is in very high demand that one is definitely worth the student loan debt because at the end of the day engineers get paying a lot of money. Finance and accounting obviously those two things fall under business, a lot of people will just say general business is always a good investment while I agree with that, I do think that Finance and Accounting all other business majors as far as job security goes, finance to accounting are two of those majors that are always going to be in demand especially the careers in finance are just very high paying.


Degrees That Can Be Worth It, But Are Harder To Pay Off

1. Marketing And All Other Business 

The entry-level salary is a little bit lower, so paying off student loans is going to be a little bit harder with these majors. all the business majors that are not accounting and Finance you are probably going to do very well, you should definitely go to college if you are interested in any of those, but then at the end of the day it is going to be a little bit harder to find a job instantly and you are not going to get paid as much as you would with Finance and Accounting.


2. Science Career

If you plan to do anything in science you will get paid very well but most people from what I have learned will major in science degrees and then end up going to med school, but if you plan to go and major in science and you don't want to be a doctor, you still have a good chance of getting paid really well and you should definitely go to college for anything in science because that's just the best place to learn about Sciences. Obviously, the payout for those is not as high and it is not going to be as guaranteed as it would be if you were to be a doctor so that's why science is a little bit lower on the list.


3. Politics 

If you plan to do political science, history, or I think a lot of science majors also study government, these are things you definitely will have to go to college for but again, you are not going to have an instant payout, you are not going to have instant job security. Anyone who works in politics will know that you need to get internships and experience under your belt as early as possible so that you can have the experience to get the job that you want. and these jobs are not always the highest pay. I have a lot of friends who are into that field and they will tell me that, you know, what's the most important with this is you have to go to college but you have to get an internship or some kind of experience and you have to know someone.


4. Psychology or Social Work 

Those things are not in as high demand and so, therefore, there is a little bit more job insecurity there and if you have to bury yourself in student loan debt for those degrees then it is going to be a riskier investment and that is what it is, especially if you plan to go to grad school for any of those things.


5. Education

Being a teacher or a professor you will have to go to college and you will have to go to graduate school. If you want to be a professor you should definitely come to terms with the fact that you will have to live a little bit more frugally and you could not be as driven by money. I think those things are amazing but I definitely think that you cannot be money-driven if you want to do those career paths


Career Not Worth The Student Loans

If you want to go to college and if you have to take out student loans these not going to be as much worth the investment, of course, if your colleges pay for it, you have scholarships, if you have grants, that's a totally different story, but if you have to take out student loans to pay for any of these degrees, I would definitely consider some alternative routes and maybe consider is college even for you for those majors.


1. Arts - Music, Art, Dance, Etc..

If you want to do art if you want to do music, a college education is great, but you do not need it to be successful. For example, my friend, he is such a successful musician and for him, he knew he wants to go to college and he knew he as to get student loans, so he did not major in music, he majored in marketing because he knew obviously marketing is going to get him a higher pay once he graduates from college and also no matter what, his number one passion is always the music. If you are passionate about something in music, art, and theater, you can be successful in those things without going to college. If decided that you need the college experience, you might want to think about it, is taking out student loans going to be worth majoring in the major that's you passionate about?

Maybe you can pursue your passion on the side, or pursue your passion while you are in school, while you have the time to do it, and major in something else that you know you will be able to pay off when you get out of college. Don't put yourself in a bind and don't put yourself in a position where, you know, four years later you are going to be struggling.


2. Trades

If you are interested in a specific trade, go to a trade school, don't feel like you need to go the typical route and pursue a bachelor's degree because at the end the day we need those people and those people are going to always have jobs.






Conclusion

I definitely do not want anyone to ever believe that just because you are passionate about something that is not going to be high-paying once you get out of college that does mean that you should switch to something else. You should pursue your passion but I think that you should pursue your passion and consider what the best route is for it. I don't want anyone to feel like money has to be the true defining factor behind everything because it does not, if you are comfortable with being in student loan debt if you are comfortable with living a frugal life and pursuing what you want to do and going to school for it then do it. 

I definitely encourage you to do whatever is best for you but you have to be prepared for whatever you get yourself into because in the event at the end of the day, when you are 18 years old it is harder to see the reality of you even four years from now. So you want to put yourself in a decent and comfortable position so you are not mad at yourself for years from now or five or six years from now.

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