Monthly Archives: March 2017

Top 20 College Degrees With Best and Worst Value

Bankrate.com used the most recent data from the national Center for Education Statistics and the Bureau of Labor Statistics.

Annual repayment at 10 percent of salary: $6,355

12.42 years to repay

Median pay: $54,170

Median pay: $149,310

Cost of degree: $52,596

Cost of degree: $114,268

Annual repayment at 10 percent of salary: $6,030

13.33 years to repay

Annual repayment at 10 percent of salary: $11,353

Minimum required years of higher education: 4

Cost of degree: $68,010

Cost of degree: $52,596

After studying 20 popular careers, Patel said so-called “stable” careers, such as doctor or lawyer, often failed to offer a higher financial return, because of their higher educational costs.

Median pay: $102,000

Annual repayment at 10 percent of salary: $10,200

10.83 years to repay

Annual repayment at 10 percent of salary: $7,934

8.58 years to repay

Cost of degree: $68,010

Annual repayment at 10 percent of salary: $5,537

21.75 years to repay

Minimum required years of higher education: 6

Median pay: $172,020

“You don’t need a graduate degree or don’t need to go to school for as long as m888 you think to have a well-paying job,” she said.

Median pay: $116,670

Cost of degree: $52,596

Median pay: $91,860

Cost of degree: $68,010

“With student loan rates as high as they are now and student loan debt increasingly growing, we wanted parents and children to have a tool for the best jobs for the money,” Patel said.

Cost of degree: $103,677. Advertising, Marketing, Promotions

Minimum required years of higher education: 8

Median pay: $107,950

Here are 20 popular career choices analyzed by Bankrate.com.

Median pay: $113,530

Cost of degree: $52,596

Minimum required years of higher education: 6

Cost of degree: $139,298

Cost of degree: $52,596

A job in advertising or marketing, which does not require a post-graduate degree, was the career with the least amount of time to repay student debt. Public Relations Specialist

Minimum required years of higher education: 6

Minimum required years of higher education: 4

Cost of degree: $68,010

Median pay: $46,670

Annual repayment at 10 percent of salary: $9,186

8.50 years to repay

Cost of degree: $52,596

Annual repayment at 10 percent of salary: $11,667

10.83 years to repay

Bankrate.com ranked 20 popular careers and related majors according to their median compensation and the amount of time it would take to repay student loans for each.

Annual repayment at 10 percent of salary: $5,771

22.33 years to repay

Minimum required years of higher education: 7

Cost of degree: $52,596

Annual repayment at 10 percent of salary: $5,417

19.08 years to repay14.

Annual repayment at 10 percent of salary: $7,217

14.67 years to repay13. Physician: Family or General Practitioner

Minimum required years of higher education: 6

Cost of degree: $68,010

Median pay: $66,260

A new Bankrate study that estimates how long it would take to repay student loans according to career choice should help parents and students looking to invest those college dollars wisely.

Minimum required years of higher education: 4

Annual repayment at 10 percent of salary: $3,709

34.67 years to repay20. Political Science Teacher: Post-Secondary

Catch up on the Student Loan Overhaul Debate

Minimum required years of higher education: 8

Annual repayment at 10 percent of salary: $6,626

10.92 years to repay7. Assuming a salary of $46,670, it would take about 34.67 years to repay student debt in that field.

Minimum required years of higher education: 6

Median pay: $60,300

Annual repayment at 10 percent of salary: $17,202

11.50 years to repay

Median pay :$84,460

Median pay: $55,370

Cost of degree: $52,596

Cost of degree: $136,861

Median pay: $79,340

Annual repayment at 10 percent of salary: $10,795

7.08 years to repay

With Friday’s jobs report showing an uptick in the unemployment rate to 7.6 percent, students and parents need to put extra thought into which majors will offer the best prospects and return on investment after graduation.

Cost of degree: $92,421

Median pay: $60,040

Jessica Patel, a personal finance analyst at Bankrate.com, said this was the first time the financial website had conducted such a study. Marriage and Family Therapist

5.83 years to repay1. English Language/Literature Teacher: Post-Secondary

13.75 years to repay

Read more about the College Class of 2013’s $35,200 Average Debt.

Annual repayment at 10 percent of salary: $4,340

27.92 years to repay

Minimum required years in higher education: 4

Minimum required years of higher education: 4

Median pay: $57,710

Minimum required years of higher education: 4

Cost of degree: $52,596

Annual repayment at 10 percent of salary: $8,446

31.83 years to repay19. News Analyst, Reporter, Correspondent

Median pay: $37,090

Median pay: $63,550

In July, federal Stafford loan interest rates are expected to double to 6.8 percent. The average amount of debt from the college class of 2013 is $35,200, according to Fidelity.

Minimum required years of higher education: 4

Minimum required years of higher education: 4

Cost of degree: $68,010

Median pay: $72,170

Median pay: $43,400

Annual repayment at 10 percent of salary: $4,667

Minimum required years of higher education: 8

Annual repayment at 10 percent of salary: $14,931

14 years to repay12. Assuming that 10 percent of one’s salary goes toward repaying school loans, a median salary of $107,950, a total higher education cost of $52,596 (tuition, fees, room and board) and a 6 percent student loan interest rate, it would take 5.83 years to repay student debt.

Annual repayment at 10 percent of salary: $6,004

20.58 years to repay15. Zoologist, Wildlife Biologist

Minimum required years of higher education: 7

Minimum required years of higher education: 6

Minimum required years of higher education: 4

Of the 20 careers, the job with the longest loan repayment time was marriage and family therapist, which requires about two years of graduate school

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