Elite Optometry Degrees
According to Fox Business, “Credible analyzed data from 91,000 borrowers seeking to refinance grad-school loans from 2015 to 2018, comparing their federal and private debt to salaries based on graduate majors. Optometry topped the list, with a 14.9 percent monthly debt-to-income ratio, based on an average $1,369 monthly loan payment and $110,000 annual income.”
Fry Hall, home to the College of Optometry at The Ohio State University. Via Wikimedia Commons
‘If a man would build a tower, does he not first reckon the cost, whether he have sufficient to finish it?’ There actually exist any number of degrees that have become basket-weaving majors because the payback returns do not match the expenditure. Problem is, the economy and technology are changing the landscape so frighteningly fast, that today’s safe bet is tomorrow’s calamity.
Refocus on Voc/Tech Ed fields alone & expand Cybersecurity degree & Technical fields alone
Or apply Psych degree to Counter Terrorisim, etc
How many of these grads have been taught to repay loans. I’m not saying that the degrees are useless, or the amounts borrowed are sky-high, but how many were expecting Mom and Dad or the government to repay their loans? I also know for a fact that many spend loans, grants and scholarships on a huge TV, gaming setups, a car, furniture in dorm rooms or rent an apartment and furnish it and for many other unnecessary items. If the loans, grants, and scholarship checks were sent directly to the university toward the student’s loan, many of these sad stories would not have to be told.
I also believe that if students were not forced into thinking that a university degree is their only option but would look at Vocational/Tech education, their abilities would be much better served.