The rising cost of college and growing student loan balances have reshaped perceptions of higher education. Recent graduates with college degrees earn $24,000 more annually than those with just a high school diploma. College graduates typically earn $2.8 million over their lifetime, 75% more than high school graduates. Engineering and computer science majors offer the highest returns, while liberal arts, performing arts, and theology majors earn the lowest salaries, averaging $38,000 annually. Other low-earning majors include leisure and hospitality, history, fine arts, and psychology, all earning $40,000 or less per year. Teachers or early childhood education majors make around $48,000 annually.
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