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Most people go to college to improve their financial prospects, though there are other benefits to attending a postsecondary institution. But as the average cost of a four-year degree has risen to six figures, even at public universities, it can be hard to know if the money is well spent. A new analysis by HEA Group, a research and consulting firm focused on college access and success, may help answer the question for students and their families. The study compares the median earnings of former college students, 10 years after they enrolled, with basic income benchmarks. Still, more than 1,000 schools fell short of that threshold, though many of them were for-profit colleges concentrating in short-term credentials rather than traditional four-year degrees.
Organizations: HEA Group
Your college major can have a profound impact on your income. Within four years of graduation, some majors stand to earn as much as $256,539, while others make less than $10,000 per year, according to a new report from The HEA Group, a research and higher education consulting firm. The top-earning majors are in so-called STEM fields, or degrees in science, technology, engineering and mathematics. Half of the top 10 majors with graduates making the most money are subsets of engineering. Here are the 10 highest-paying college majors, four years after graduation:
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