Student Loans: What Degrees Pay for Themselves Quickly?

The cost of college tuition increases every year, and the majority of students have to take on debt to afford going to school. Many students struggle financially after graduating from college because of their large monthly student loan payments. In our changing political and economic environment, having a degree that won’t leave students saddled with overwhelming debt is worth investigating; choosing a degree that allows you to pursue a stable and high-paying career will help you pay off your loans easily. Here are six of the best degrees that pay for themselves quickly.

Computer Science

Software developers and computer programmers make excellent salaries, even right after graduating from college. The jobs are in high demand, and almost all computer science majors can quickly find a high-paying job right out of college. You also have a choice to work for large corporations and small business alike.

Nursing

Nurses are always in high demand, and in most states, nursing majors can easily start off their careers with a relatively high salary. If you receive a master’s degree and become a nurse practitioner, you can definitely make a high enough salary to quickly pay off your loans. Many nurses also have great health insurance and job security.

Biology

A degree in biology can open up many unique job opportunities. Some of the most common jobs for biology majors include conservation scientist, laboratory manager, and clinical research associate. All of these jobs have a great starting salary and leave room for advancement. A bachelor’s degree in biology also allows you to pursue a variety of lucrative science-related master’s degrees.

Electrical Engineering

Electrical engineers usually have exceptionally high starting salaries, and their salaries increase plenty as they gain experience. You can choose from a variety of different jobs with an electrical engineering degree, including robotics, global navigation systems, and computer-related careers. 

Applied Psychology

student-loansGraduates with a degree in applied psychology can find a career in many fields, including marketing, research, education, and criminal justice. Many of the careers that psychology majors can pursue have excellent starting salaries. A Master of Science in Applied Psychology online can open up even more rewarding career opportunities.

Economics

Many economics majors work in the financial sector, but an economics degree also can give you qualifications to work in the government, for a non-profit, or in several other industries. Economists make a high wages immediately after college, and many can quickly work their way up to a six-figure salary.

It’s important to choose a degree or a career that you see yourself being happy with, but if you have to take on large amounts of debt and are concerned about your financial stability in the future, it’s usually for the best to pursue a career with a high starting salary. These degrees will give you the qualifications to find a well-paying job after you graduate so you can eliminate the burden of student loan debt.

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Author: Rachelle Wilber is a freelance writer living in the San Diego, California area. She graduated from San Diego State University with her Bachelor’s Degree in Journalism and Media Studies. She tries to find an interest in all topics and themes, which prompts her writing. When she isn’t on her porch writing in the sun, you can find her shopping, at the beach, or at the gym. Follow her on Twitter and Facebook: @RachelleWilber.