MAJOR is OVER $2,000!!!!
MAJOR is OVER $2,000!!!!
The cost of a college education continues to rise, and the latest data on the cost of a college degree in the United States is nothing short of startling. According to a recent survey from the College Board, the average cost of tuition and fees for the 2019-2020 school year was over $36,800 for a private four-year institution, and over $26,000 for out-of-state students at public four-year colleges. These figures do not even include the costs of room and board, books, and other living expenses.
One of the major contributing factors to the rising cost of college is the increasing expense of a student’s major. One of the most expensive college majors is engineering, with an average cost of over $2,000 per credit hour. Other high-cost majors include health professions and related programs, business, and physical sciences. These high costs can make it difficult for students to afford their education and can lead to significant student loan debt after graduation.
It’s important for students and their families to carefully consider the costs of different majors when planning for college. While it’s important to pursue a degree in a field that interests and excites you, it’s also critical to consider the financial implications of your major choice. There are many ways to help offset the cost of college, such as scholarships, grants, and work-study programs, but the cost of a major is a significant factor that should not be overlooked.
In addition to considering the cost of a major, it’s also important to think about the earning potential and job opportunities in your chosen field. Some majors may have higher earning potential and better job prospects, making the investment in a more expensive major more justifiable. It’s also important to consider the possibility of pursuing a graduate degree, as some professions require more advanced education to be competitive in the job market.
Ultimately, the cost of college is a significant concern for many students and their families, and the cost of a major is a critical factor that should be carefully considered. It’s important to weigh the potential earning potential and job prospects of a major against the cost of the degree, and to explore all available options for financial assistance. With careful planning and consideration, it is possible to pursue a degree in the field of your choice without being overwhelmed by student loan debt.