Common questions

How much debt do you need for computer science degree?

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How much debt do you need for computer science degree?

Median starting salary for a BSCS software developer is around $60,000. That means total debt should be kept below $30,000.

Is it worth going into debt to earn a college degree?

The College Debt Numbers From a general economic perspective, it’s still worth it to earn a college degree. The cost of a four-year degree “averages $102,000”, which means that even if you include the average $30,000 debt students graduate with, in pure numbers terms, it’s still worth it.

Is it worth going to college for computer science?

Yes, a computer science degree is worth it for many students. The Bureau of Labor Statistics is projecting 11\% job growth in computer and information technology occupations over the next 10 years. Majoring in computer science can help set you up for a career that has room for growth and specialization.

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What degree has most student debt?

Future medical professionals—a category that includes doctors, dentists, and pharmacists—can expect to take on the most debt to finance their degrees—over $190,000 in student loans. Future lawyers take on six-figure debt amounts to finance their degrees, too—over $139,000 in student loans.

What Major has the most debt?

Unsurprisingly, majors in STEM-related fields make up the top five majors with the highest earnings-to-debt ratio:

  • Physical Sciences.
  • Computer Engineering.
  • Engineering.
  • Chemical Engineering.
  • Computer Science.

What is a reasonable amount of college debt?

Among those who borrow, the average debt at graduation is $25,921 — or $6,480 for each year of a four-year degree at a public university. Among all public university graduates, including those who didn’t borrow, the average debt at graduation is $16,300.

What degree pays the most out of college?

Highest Paying Jobs With a Bachelor’s Degree

Rank Major Mid-Career Pay
Rank:1 Petroleum Engineering Mid-Career Pay:$187,300
2 Operations Research & Industrial Engineering Mid-Career Pay:$170,400
3 Electrical Engineering & Computer Science (EECS) Mid-Career Pay:$159,300
4 Interaction Design Mid-Career Pay:$155,800
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What profession has the highest debt?

Medical professionals have the highest debt-to-income ratio immediately after graduation. This is likely because MDs begin their careers in residencies, which are essentially low-paid apprenticeships lasting three to six years.

What college majors pay off?

Here are the top five undergraduate degrees that pay off with high earnings: Computer Science. Electrical, Electronics and Communications Engineering. Chemical Engineering.