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STEM Provides Answers for Student Loan Debt
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William Broman
US News and World Report
1/11/2012
As the United States enters 2012, a growing number of college graduates are being held back with student loan debt. In fact, the average graduating student has to repay $25,250, which can take years if a student majored in a low-paying subject.
The answer is science, technology, engineering, and mathematics (STEM).
Using data from CNBC, Crisp360.com created an infographic about which degrees are worth the debt that students accrue during college. It reports that the starting salary for a petroleum engineering major is more than $85,000. The graphic also shows that under President Obama's proposed "Income-Based Repayment" plan, it would take 86 months for a psychology major earning the average starting salary of $35,000 to repay the average student loan debt of $25,250. Conversely, it would take just under three years for a petroleum engineering major to pay off his/her same debt. What does this mean? As a society, by pushing students into the STEM subjects, we can reduce the time student loan debt is carried by individuals.
