Sallie
Mae has farmed out their student loan collection problems to collection
agencies who are filing lawsuits. College Graduates with low-paying jobs are
not able to pay off these loans. Those entering college should have two
concerns. One is limiting their expense and the other is being scammed into
paying a fortune for political indoctrination that won’t get them a good
–paying job. I wondered how many
students were graduating with degrees that would allow them to get jobs that
paid enough to pay off these loans. I found a table with numbers of graduates
by degree from 1970 to 2015.
Most
Popular College Degrees
There
were 1.9 million college graduates in 2015, roughly double the number in 1970.
The most
popular degrees in 2015 included “Business” with about 370,000 graduates and
“Health Professions” next with about 216,000 graduates. Engineering got about
98.000 graduates.
Social
Science and History got 167,000
Psychology
got 117,000
Biology
got 109,000
Ethnic
Studies got 104,000
All other
Majors got less than 100,000
Education
got 91,000
Computer
Science got 60,000
High
earnings and the ability to repay student loans. We have 44 million student
loan borrowers with loans totaling $1.3 Trillion.
We expect
those who graduated in 2015 with Business, Health Professions and Engineering
Degrees will be able to repay these student loans, but the jury is out on the
rest. It may be that although about 900,000 of these graduates might have good
earning potential the other 1 million might not.
Norb
Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment