Student loan debt has been a hot topic, with the Biden administration forgiving over $180 billion in debt for 5 million borrowers. The Big, Beautiful Bill (BBB) is now changing repayment plans for borrowers, setting new borrowing limits. College graduates will likely face student loan debt as they enter the workforce.
STEM majors like electrical engineering, computer engineering, and petroleum engineering tend to pay off student loans faster due to high salaries and low unemployment. On the flip side, majors like dentistry, veterinary medicine, and law can amass significant debt with lower starting salaries, leading to longer repayment timelines.
Overall, the trend shows that certain college majors can help graduates pay off student loans quickly, while others may take longer due to high debt and lower salaries. It’s essential for students to consider potential income and debt when choosing a major to minimize financial burdens in the future.
Read more at Yahoo Finance: Which College Majors Are Set To Pay Off Their Student Loans Fastest (and Slowest)
