Special Report
Choosing These College Majors Will Pay Off the Least
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Student loan debt is soaring in the United States, overtaking both auto loans and credit card debt in recent years to become the second largest form of consumer debt, after only home mortgages. Americans have a cumulative total of $1.6 trillion in outstanding student loans.
Record high debt is due in part to climbing tuition costs — here is a list of the colleges with the biggest tuition hikes. In light of the increasing costs of a four-year education, it is more important than ever for the college-bound to consider the kinds of careers their degrees may lead to, and how much they can expect to earn.
Using average annual earnings data from the U.S. Census Bureau’s American Community Survey, 24/7 Wall St. identified the college majors that will pay off the least. Average annual incomes of working Americans who chose these majors range from about $46,000 to just under $28,000. It is important to note that while these salaries are on the low end of the spectrum for adults with bachelor’s degrees, they are all well above the $13,364 annual salary for the average worker without a four-year degree.
The subjects on this list are largely in areas like education, the humanities, and the arts. And for many Americans who go into these fields, earning potential after graduation is not their first priority. Occupations like social work or teaching are well suited to many students’ talents and interests, even though they are not typically high paying.
Still, it is important to consider, and take measures to minimize, the financial burden of choosing these majors. This may mean applying for scholarships, or attending a school with lower-than-average tuition costs. Here is a list of the most affordable colleges with the best outcomes in each state.
Click here to see the which college majors will pay off the least
Click here to read our methodology
35. Multi/Interdisciplinary Studies
> Avg. annual earnings: $45,957
> 2018 unemployment rate: 3.1%
> Total labor force: 90,700
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34. Communication Disorders Sciences and Services
> Avg. annual earnings: $45,930
> 2018 unemployment rate: 1.6%
> Total labor force: 236,401
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33. Court Reporting
> Avg. annual earnings: $45,828
> 2018 unemployment rate: 0.7%
> Total labor force: 6,351
32. Medical Assisting Services
> Avg. annual earnings: $45,735
> 2018 unemployment rate: 1.6%
> Total labor force: 77,537
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31. Miscellaneous Agriculture
> Avg. annual earnings: $43,769
> 2018 unemployment rate: 1.6%
> Total labor force: 17,674
30. Miscellaneous Health Medical Professions
> Avg. annual earnings: $43,570
> 2018 unemployment rate: 2.8%
> Total labor force: 118,688
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29. Educational Psychology
> Avg. annual earnings: $42,825
> 2018 unemployment rate: 1.2%
> Total labor force: 24,666
28. Miscellaneous Fine Arts
> Avg. annual earnings: $42,502
> 2018 unemployment rate: 3.9%
> Total labor force: 25,887
27. Social Psychology
> Avg. annual earnings: $42,491
> 2018 unemployment rate: 4.0%
> Total labor force: 11,356
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26. General Social Sciences
> Avg. annual earnings: $42,014
> 2018 unemployment rate: 3.3%
> Total labor force: 136,914
25. Music
> Avg. annual earnings: $41,994
> 2018 unemployment rate: 2.7%
> Total labor force: 421,734
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24. Counseling Psychology
> Avg. annual earnings: $40,267
> 2018 unemployment rate: 2.1%
> Total labor force: 67,490
23. Fine Arts
> Avg. annual earnings: $40,170
> 2018 unemployment rate: 3.2%
> Total labor force: 593,978
22. Physical and Health Education Teaching
> Avg. annual earnings: $39,121
> 2018 unemployment rate: 2.0%
> Total labor force: 280,544
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21. Visual and Performing Arts
> Avg. annual earnings: $39,074
> 2018 unemployment rate: 2.6%
> Total labor force: 82,949
20. Science and Computer Teacher Education
> Avg. annual earnings: $38,371
> 2018 unemployment rate: 2.1%
> Total labor force: 78,457
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19. Cosmetology Services and Culinary Arts
> Avg. annual earnings: $38,343
> 2018 unemployment rate: 3.7%
> Total labor force: 59,238
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18. Theology and Religious Vocations
> Avg. annual earnings: $38,253
> 2018 unemployment rate: 2.2%
> Total labor force: 337,277
17. Human Services and Community Organization
> Avg. annual earnings: $38,015
> 2018 unemployment rate: 4.0%
> Total labor force: 112,720
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16. Mathematics Teacher Education
> Avg. annual earnings: $37,587
> 2018 unemployment rate: 1.2%
> Total labor force: 101,386
15. Studio Arts
> Avg. annual earnings: $37,423
> 2018 unemployment rate: 2.5%
> Total labor force: 107,321
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14. Special Needs Education
> Avg. annual earnings: $37,022
> 2018 unemployment rate: 1.0%
> Total labor force: 263,620
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13. Social Work
> Avg. annual earnings: $36,303
> 2018 unemployment rate: 2.4%
> Total labor force: 554,692
12. Social Science Or History Teacher Education
> Avg. annual earnings: $36,001
> 2018 unemployment rate: 1.5%
> Total labor force: 135,776
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11. Family and Consumer Sciences
> Avg. annual earnings: $34,182
> 2018 unemployment rate: 2.7%
> Total labor force: 427,344
10. Early Childhood Education
> Avg. annual earnings: $34,047
> 2018 unemployment rate: 2.3%
> Total labor force: 236,209
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9. School Student Counseling
> Avg. annual earnings: $33,660
> 2018 unemployment rate: 1.0%
> Total labor force: 17,975
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8. General Education
> Avg. annual earnings: $32,730
> 2018 unemployment rate: 1.7%
> Total labor force: 1,722,417
7. Miscellaneous Education
> Avg. annual earnings: $32,576
> 2018 unemployment rate: 2.1%
> Total labor force: 184,307
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6. Art and Music Education
> Avg. annual earnings: $31,957
> 2018 unemployment rate: 2.1%
> Total labor force: 269,778
5. Language and Drama Education
> Avg. annual earnings: $31,931
> 2018 unemployment rate: 2.4%
> Total labor force: 229,978
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4. Teacher Education: Multiple Levels
> Avg. annual earnings: $30,670
> 2018 unemployment rate: 1.5%
> Total labor force: 106,545
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3. Secondary Teacher Education
> Avg. annual earnings: $29,363
> 2018 unemployment rate: 1.7%
> Total labor force: 193,386
2. Library Science
> Avg. annual earnings: $28,873
> 2018 unemployment rate: 3.6%
> Total labor force: 25,389
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1. Elementary Education
> Avg. annual earnings: $27,542
> 2018 unemployment rate: 1.5%
> Total labor force: 1,343,882
Methodology
To determine the college majors that will pay off the least, 24/7 Wall St. reviewed data on average annual earnings from the Public Use Microdata Sample summary files of the U.S. Census Bureau’s 2018 American Community Survey for over 170 bachelor’s degree fields. ACS respondents were asked to list majors they completed as part of a bachelor’s degree program, as well as additional questions on earnings, employment status, and workweek.
Data on unemployment among the civilian labor force and the size of the employed workforce for each major also came from the ACS PUMS files. In cases where respondents have received multiple degrees, only the first degree listed was considered.
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