Data Analysis

Student Loan Burden by Major

Which college degrees pay off fastest? Compare debt-to-earnings ratios across 188 majors to see the real financial impact of education choices.

Analysis at a Glance
Data Year 2023-24
Method Debt burden ratio = median debt / median first-year earnings
Sample Size 188 majors analyzed
Considerations
  • First-year earnings only - does not reflect long-term career trajectory
  • Aggregated across institutions - outcomes vary by school selectivity
  • Federal loans only - does not include private student loans

Key Findings

Based on 188 college majors with sufficient data, here's what the numbers reveal about student loan burden. Debt burden ratio = median debt / median first-year earnings after graduation.

0.57
Median Debt Burden Ratio Typical graduates need 7 months of earnings to pay off student loans. Median debt: $23K | Median earnings: $39K.
0.26
Best: Systems Engineering $21K debt / $80K earnings. Pay off loans in just 3 months.
1.15
Worst: Dance $25K debt / $21K earnings. Takes 1.1 years of earnings to pay off.
4.4x
Burden Difference The worst ROI major has 4.4x higher debt burden than the best. Major choice significantly impacts financial outcomes.
0.46
Best Category: STEM Average across 58 majors. High earnings relative to debt make this field financially attractive.
0.79
Highest Burden: Communications Average across 7 majors. Lower post-graduation earnings create longer payoff timelines.
67
Majors Under 0.5 Ratio 36% of majors have low debt burden - meaning loans can be paid off in under 6 months of earnings.
4
Majors Over 1.0 Ratio 4 majors require more than a full year's earnings to pay off student debt. All are in arts or communications fields.

Complete Data Table

Search, filter by category, and sort to find debt burden data for any major. Download data for your own analysis.

# Major Category Debt Burden Median Debt Median Earnings
1 Systems Engineering STEM 0.26 $21K $80K
2 Computer Engineering STEM 0.29 $23K $79K
3 Manufacturing Engineering STEM 0.29 $21K $72K
4 Electrical, Electronics and Communications Engineering STEM 0.3 $23K $78K
5 Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing Health 0.3 $23K $75K
6 Chemical Engineering STEM 0.31 $23K $73K
7 Computer Science STEM 0.31 $22K $71K
8 Materials Engineering STEM 0.31 $23K $74K
9 Construction Engineering Technologies STEM 0.31 $22K $74K
10 Engineering, Other STEM 0.31 $23K $73K
11 Nuclear Engineering STEM 0.31 $23K $74K
12 Mechanical Engineering STEM 0.32 $23K $71K
13 Civil Engineering STEM 0.32 $23K $70K
14 Industrial Engineering STEM 0.32 $24K $75K
15 Clinical/Medical Laboratory Science/Research and Allied Professions Health 0.32 $21K $65K
16 Construction Management Business 0.32 $23K $72K
17 Construction Engineering STEM 0.32 $25K $77K
18 Aerospace, Aeronautical and Astronautical Engineering STEM 0.33 $24K $72K
19 Statistics STEM 0.33 $20K $60K
20 Environmental/Environmental Health Engineering STEM 0.33 $22K $65K
21 Dental Support Services and Allied Professions Health 0.33 $20K $60K
22 Applied Mathematics STEM 0.34 $21K $61K
23 Biomedical/Medical Engineering STEM 0.35 $23K $65K
24 Architectural Engineering STEM 0.35 $26K $74K
25 Agricultural Engineering STEM 0.35 $22K $65K
26 Fire Protection Other 0.35 $23K $67K
27 Petroleum Engineering STEM 0.35 $24K $69K
28 Engineering-Related Fields STEM 0.36 $25K $69K
29 Industrial Production Technologies/Technicians STEM 0.36 $21K $59K
30 Insurance Business 0.36 $21K $58K
31 Computer and Information Sciences, General STEM 0.37 $23K $61K
32 Management Information Systems and Services Business 0.37 $22K $60K
33 Management Sciences and Quantitative Methods Business 0.37 $23K $61K
34 Agricultural Business and Management Other 0.37 $18K $49K
35 Engineering Technologies/Technicians, Other STEM 0.37 $25K $67K
36 Engineering, General STEM 0.37 $25K $68K
37 Real Estate Business 0.37 $20K $55K
38 Quality Control and Safety Technologies/Technicians STEM 0.38 $25K $66K
39 Business/Managerial Economics Business 0.39 $21K $53K
40 Mathematics STEM 0.4 $20K $49K
41 Finance and Financial Management Services Business 0.4 $22K $54K
42 Information Science/Studies STEM 0.4 $24K $60K
43 Economics Social Sciences 0.4 $21K $52K
44 Food Science and Technology Other 0.4 $21K $52K
45 Electrical Engineering Technologies/Technicians STEM 0.4 $27K $67K
46 Plant Sciences Other 0.41 $18K $44K
47 Allied Health Diagnostic, Intervention, and Treatment Professions Health 0.41 $25K $61K
48 Mechanical Engineering Related Technologies/Technicians STEM 0.41 $26K $63K
49 Engineering Technology, General STEM 0.41 $25K $61K
50 Computer/Information Technology Administration and Management STEM 0.42 $25K $60K
51 General Sales, Merchandising and Related Marketing Operations Business 0.42 $22K $53K
52 Cognitive Science STEM 0.42 $18K $41K
53 Accounting and Related Services Business 0.43 $23K $54K
54 Landscape Architecture Other 0.44 $24K $53K
55 Business, Management, Marketing, and Related Support Services, Other Business 0.45 $22K $50K
56 International Business Business 0.45 $23K $52K
57 Public Administration Social Sciences 0.45 $21K $45K
58 Biotechnology STEM 0.45 $21K $47K
59 Pharmacy, Pharmaceutical Sciences, and Administration Health 0.45 $21K $48K
60 Homeland Security Other 0.46 $22K $49K
61 Human Resources Management and Services Business 0.47 $24K $50K
62 Physics STEM 0.47 $22K $46K
63 Business/Commerce, General Business 0.48 $23K $48K
64 Public Policy Analysis Social Sciences 0.48 $21K $44K
65 Forestry Other 0.49 $21K $42K
66 Urban Studies/Affairs Social Sciences 0.49 $21K $42K
67 Human Biology STEM 0.49 $15K $32K
68 Marketing Business 0.5 $23K $45K
69 Agriculture, General Other 0.5 $20K $39K
70 Entrepreneurial and Small Business Operations Business 0.5 $23K $45K
71 Interior Architecture Other 0.5 $22K $45K
72 Sustainability Studies Other 0.5 $19K $38K
73 Family and Consumer Economics and Related Studies Other 0.51 $21K $40K
74 Business Administration, Management and Operations Business 0.52 $24K $46K
75 Geography and Cartography Social Sciences 0.52 $20K $39K
76 City/Urban, Community and Regional Planning Other 0.52 $23K $45K
77 Chemistry STEM 0.53 $22K $43K
78 Microbiological Sciences and Immunology STEM 0.53 $20K $38K
79 Business/Corporate Communications Business 0.53 $22K $41K
80 Geological and Earth Sciences/Geosciences STEM 0.54 $22K $40K
81 Air Transportation Other 0.54 $23K $43K
82 Architectural Sciences and Technology Other 0.54 $27K $49K
83 Atmospheric Sciences and Meteorology STEM 0.54 $22K $42K
84 Homeland Security, Law Enforcement, Firefighting and Related Protective Services, Other Other 0.54 $25K $46K
85 Cell/Cellular Biology and Anatomical Sciences STEM 0.55 $19K $35K
86 Special Education and Teaching Education 0.56 $25K $44K
87 International Relations and National Security Studies Social Sciences 0.56 $21K $37K
88 Architecture Other 0.56 $26K $47K
89 Research and Experimental Psychology Social Sciences 0.56 $19K $34K
90 Computer Systems Networking and Telecommunications STEM 0.56 $34K $61K
91 Multi/Interdisciplinary Studies, Other Arts & Humanities 0.57 $22K $39K
92 Biochemistry, Biophysics and Molecular Biology STEM 0.57 $21K $37K
93 Area Studies Social Sciences 0.57 $20K $34K
94 Agricultural Production Operations Other 0.57 $22K $38K
95 Teacher Education and Professional Development, Specific Levels and Methods Education 0.58 $24K $42K
96 Teacher Education and Professional Development, Specific Subject Areas Education 0.58 $25K $43K
97 Public Relations, Advertising, and Applied Communication Communications 0.58 $23K $40K
98 Health and Medical Administrative Services Health 0.59 $26K $45K
99 Community Organization and Advocacy Social Sciences 0.59 $24K $41K
100 Political Science and Government Social Sciences 0.6 $22K $36K
101 Computer Programming STEM 0.6 $30K $50K
102 Parks, Recreation and Leisure Studies Other 0.6 $20K $34K
103 Social Sciences, General Social Sciences 0.6 $23K $37K
104 Romance Languages, Literatures, and Linguistics Arts & Humanities 0.6 $21K $34K
105 Animal Sciences Other 0.61 $21K $34K
106 Natural Resources Management and Policy Other 0.61 $23K $38K
107 Social Sciences, Other Social Sciences 0.61 $22K $36K
108 Social Work Social Sciences 0.62 $23K $37K
109 Public Health Health 0.62 $23K $37K
110 Apparel and Textiles Other 0.62 $23K $37K
111 Security Science and Technology Other 0.62 $24K $39K
112 Natural Resources Conservation and Research Other 0.62 $21K $34K
113 Criminology Social Sciences 0.62 $23K $37K
114 Allied Health and Medical Assisting Services Health 0.62 $21K $33K
115 Health Professions and Related Clinical Sciences, Other Health 0.62 $24K $38K
116 Liberal Arts and Sciences, General Studies and Humanities Arts & Humanities 0.63 $23K $36K
117 Hospitality Administration/Management Business 0.63 $22K $35K
118 Biological and Physical Sciences STEM 0.63 $22K $34K
119 Non-Professional General Legal Studies (Undergraduate) Social Sciences 0.63 $25K $40K
120 International/Global Studies Arts & Humanities 0.63 $20K $33K
121 Mental and Social Health Services and Allied Professions Health 0.63 $25K $40K
122 Genetics STEM 0.63 $20K $32K
123 Journalism Communications 0.64 $22K $35K
124 Philosophy Arts & Humanities 0.64 $20K $32K
125 Education, General Education 0.64 $24K $38K
126 Criminal Justice and Corrections Other 0.65 $25K $38K
127 Communication and Media Studies Communications 0.65 $23K $35K
128 Health Services/Allied Health/Health Sciences, General Health 0.65 $23K $36K
129 Sociology Social Sciences 0.66 $23K $34K
130 Ethnic, Cultural Minority, Gender, and Group Studies Social Sciences 0.66 $21K $31K
131 Housing and Human Environments Other 0.66 $26K $39K
132 Multi-/Interdisciplinary Studies, General Arts & Humanities 0.67 $24K $35K
133 Legal Support Services Social Sciences 0.67 $25K $38K
134 History Social Sciences 0.68 $21K $31K
135 Rehabilitation and Therapeutic Professions Health 0.68 $24K $36K
136 Human Development, Family Studies, and Related Services Other 0.68 $23K $34K
137 Health/Medical Preparatory Programs Health 0.68 $23K $34K
138 Computer Engineering Technologies/Technicians STEM 0.68 $33K $49K
139 Neurobiology and Neurosciences STEM 0.69 $21K $31K
140 Foods, Nutrition, and Related Services Other 0.7 $23K $33K
141 Nutrition Sciences Health 0.7 $21K $30K
142 American Sign Language Arts & Humanities 0.7 $24K $34K
143 Parks, Recreation and Leisure Facilities Management Other 0.7 $23K $33K
144 Bible/Biblical Studies Arts & Humanities 0.7 $24K $34K
145 Dietetics and Clinical Nutrition Services Health 0.7 $22K $32K
146 Behavioral Sciences Social Sciences 0.7 $26K $38K
147 Physiology, Pathology and Related Sciences STEM 0.71 $22K $31K
148 Linguistic, Comparative, and Related Language Studies and Services Arts & Humanities 0.71 $20K $28K
149 Communication, Journalism, and Related Programs, Other Communications 0.71 $24K $34K
150 Educational Administration and Supervision Education 0.71 $27K $37K
151 Biology, General STEM 0.72 $23K $32K
152 English Language and Literature, General Arts & Humanities 0.72 $22K $30K
153 Clinical, Counseling and Applied Psychology Social Sciences 0.72 $25K $34K
154 Human Services, General Social Sciences 0.72 $27K $37K
155 Ecology, Evolution, Systematics, and Population Biology STEM 0.72 $21K $30K
156 Theological and Ministerial Studies Arts & Humanities 0.72 $23K $33K
157 Education, Other Education 0.73 $25K $34K
158 Specialized Sales, Merchandising and Marketing Operations Business 0.73 $26K $36K
159 Psychology, General Social Sciences 0.74 $23K $32K
160 Anthropology Social Sciences 0.74 $21K $28K
161 Pastoral Counseling and Specialized Ministries Arts & Humanities 0.74 $25K $33K
162 Radio, Television, and Digital Communication Communications 0.75 $22K $30K
163 Family and Consumer Sciences/Human Sciences, General Other 0.75 $24K $32K
164 Wildlife and Wildlands Science and Management Other 0.76 $22K $28K
165 East Asian Languages, Literatures, and Linguistics Arts & Humanities 0.77 $21K $27K
166 Health and Physical Education/Fitness Other 0.78 $24K $31K
167 Computer Systems Analysis STEM 0.78 $41K $52K
168 Communication Disorders Sciences and Services Health 0.79 $20K $25K
169 Religious Education Arts & Humanities 0.79 $25K $32K
170 Design and Applied Arts Arts & Humanities 0.8 $26K $32K
171 Religion/Religious Studies Arts & Humanities 0.8 $24K $30K
172 Electromechanical Instrumentation and Maintenance Technologies/Technicians STEM 0.81 $51K $63K
173 Rhetoric and Composition/Writing Studies Arts & Humanities 0.82 $23K $28K
174 Zoology/Animal Biology STEM 0.82 $23K $28K
175 Computer Software and Media Applications STEM 0.84 $29K $34K
176 English Language and Literature/Letters, Other Arts & Humanities 0.84 $20K $24K
177 Culinary Arts and Related Services Other 0.87 $27K $31K
178 Arts, Entertainment,and Media Management Arts & Humanities 0.88 $25K $28K
179 Natural Sciences STEM 0.88 $26K $29K
180 Sociology and Anthropology Social Sciences 0.91 $26K $28K
181 Visual and Performing Arts, General Arts & Humanities 0.93 $24K $26K
182 Fine and Studio Arts Arts & Humanities 0.96 $24K $24K
183 Music Arts & Humanities 0.96 $25K $26K
184 Film/Video and Photographic Arts Arts & Humanities 0.96 $24K $25K
185 Graphic Communications Communications 1.08 $27K $25K
186 Audiovisual Communications Technologies/Technicians Communications 1.13 $27K $24K
187 Drama/Theatre Arts and Stagecraft Arts & Humanities 1.15 $24K $21K
188 Dance Arts & Humanities 1.15 $25K $21K

Debt Burden by Field of Study

Looking at averages across categories reveals clear patterns in which fields offer better financial outcomes for graduates.

STEM 0.46 58 majors | Avg debt: $24K
Business 0.46 19 majors | Avg debt: $23K
Health 0.57 16 majors | Avg debt: $23K
Other 0.58 32 majors | Avg debt: $23K
Social Sciences 0.62 25 majors | Avg debt: $22K
Education 0.63 6 majors | Avg debt: $25K
Arts & Humanities 0.79 25 majors | Avg debt: $23K
Communications 0.79 7 majors | Avg debt: $24K

Debt Burden at a Glance

Top 10 Best ROI Majors

Lowest debt burden ratios - debt pays off fastest

Top 10 Highest Burden Majors

Highest debt burden ratios - longest payoff times

Calculate Your Major's Debt Burden

Select a major to see how debt compares to first-year earnings.

Select a major

-

Median Debt - at graduation
Median Earnings - 1 year after
Debt Burden Ratio - -
Median (0.57) Your Major
0 0.5 1.0 1.5
Low Moderate High Severe

-

Understanding Debt Burden Ratios

Low under 0.5

Excellent ROI. Loans can be paid off in under 6 months of earnings.

Moderate 0.5 - 0.75

Good ROI. Loans take 6-9 months of full earnings to pay off.

High 0.75 - 1.0

Challenging. Nearly a full year of earnings goes to loan repayment.

Severe over 1.0

More than a year's earnings needed. Consider loan forgiveness programs.

Key Insights

STEM Dominates Best ROI

9 of the top 10 best ROI majors are in STEM fields. Engineering and computer science graduates see median first-year earnings of $70K+ while carrying similar debt loads to other majors.

Arts Face Steeper Climb

All majors with debt burden ratios above 1.0 are in arts, communications, or performing arts fields. Lower starting salaries - not higher debt - drive the gap.

Debt Levels Are Similar

Median debt varies less than one might expect - most majors cluster between $20K-$30K. The real differentiator is post-graduation earnings, which vary by 4x across fields.

Understanding Debt Burden Ratio

Debt burden ratio is a simple but powerful metric: median student loan debt divided by median first-year earnings after graduation. It shows how much of a graduate's early career earnings would go toward paying off student loans.

A ratio of 0.5 means half a year's earnings would cover the debt. A ratio of 1.0 means an entire year's salary. While actual repayment spreads over many years, this ratio captures the financial weight of the debt relative to earning power.

How to Interpret the Numbers

  • Under 0.5 (Low burden): Excellent ROI. Loans can be paid off quickly even with modest payments. Most STEM and healthcare fields fall here.
  • 0.5 to 0.75 (Moderate): Good ROI. Manageable debt relative to earnings. Business and some social science fields typically fall in this range.
  • 0.75 to 1.0 (High): Challenging. Significant portion of early earnings goes to debt. May want to minimize borrowing or explore loan forgiveness.
  • Over 1.0 (Severe): More than a full year's earnings needed. Consider income-driven repayment plans or Public Service Loan Forgiveness if pursuing this path.

Frequently Asked Questions

What is debt burden ratio?

Debt burden ratio is median student loan debt divided by median first-year earnings after graduation. A ratio of 0.5 means half a year's earnings would pay off the debt. Lower ratios indicate better financial outcomes.

Which majors have the best ROI?

STEM fields dominate the best ROI rankings. Systems Engineering has the lowest debt burden ratio at 0.26. Engineering, Computer Science, and Nursing consistently rank among the best for financial outcomes.

Why do some majors have such high debt burden?

High debt burden ratios are typically driven by lower post-graduation earnings rather than higher debt. Most majors have similar debt levels ($20K-$30K median), but starting salaries vary dramatically - from $20K in performing arts to $80K in engineering.

Should I avoid high-burden majors?

Not necessarily. This data helps people make informed decisions, but career satisfaction and personal fulfillment matter too. For those pursuing a high-burden major, consider minimizing debt, exploring scholarships, or planning for income-driven repayment or loan forgiveness programs.

Where does this data come from?

This analysis uses data from the U.S. Department of Education College Scorecard, which tracks student outcomes across thousands of institutions. We aggregate by major and include only majors with at least 10 data points for statistical reliability.

How current is this data?

The data is from the 2023-24 cohort, which is the most recent available from the College Scorecard. We update when new data is released.

Cite This Analysis

Using this data in your work? Here are ready-to-use citations in common formats.

APA
FinancialAha. (2026, January 4). Student Loan Debt Burden by Major: Best and Worst ROI College Degrees (Revision 1). FinancialAha. https://www.financialaha.com/data-analysis/us-student-loan-burden-by-major/rv1/
MLA
"Student Loan Debt Burden by Major: Best and Worst ROI College Degrees (Revision 1)." FinancialAha, https://www.financialaha.com/data-analysis/us-student-loan-burden-by-major/rv1/. Accessed 6 Jan. 2026.
Chicago
FinancialAha. "Student Loan Debt Burden by Major: Best and Worst ROI College Degrees (Revision 1)." FinancialAha. January 4, 2026. https://www.financialaha.com/data-analysis/us-student-loan-burden-by-major/rv1/.
Harvard
FinancialAha (2026) Student Loan Debt Burden by Major: Best and Worst ROI College Degrees (Revision 1). Available at: https://www.financialaha.com/data-analysis/us-student-loan-burden-by-major/rv1/ (Accessed: 6 January 2026).
BibTeX
@misc{student_loan_debt_2026_rv1,
  author = {FinancialAha Data Team},
  title = {Student Loan Debt Burden by Major: Best and Worst ROI College Degrees},
  year = {2026},
  url = {https://www.financialaha.com/data-analysis/us-student-loan-burden-by-major/rv1/},
  note = {Accessed: 2026-01-06, Revision 1}
}
RIS (EndNote/Zotero)
TY  - ELEC
TI  - Student Loan Debt Burden by Major: Best and Worst ROI College Degrees (Revision 1)
AU  - FinancialAha Data Team
PB  - FinancialAha
PY  - 2026
DA  - 2026/01/04
UR  - https://www.financialaha.com/data-analysis/us-student-loan-burden-by-major/rv1/
Y2  - 2026-01-06
N1  - Revision 1
ER  - 

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