Did you know that some degrees carry much more debt than others? Many students who are in college have felt the financial burden that tuition and books have on them. If you have not, then you can consider yourself lucky.
Below, we will go over some of the degrees that carry along the most debt with them and, if you want, you can avoid them:
1. Art Degree
Believe it or not, you are not seeing a law or medical doctor degree as number one, but this is not to say those two are not expensive. An art degree tends to be one of the most expensive degrees to obtain because students often have to take classes that have additional credit hours, which means they cost more. In addition, the materials needed for the classes require the student to spend a good chunk of change on it.
Photography students also have a high cost degree and it is often much costlier than other degrees due to the equipment that must be purchased. The school does not provide students with their cameras, filming equipment, and tripods, which means the students are required to purchase these items.
Also, students in photography and film usually need to take additional classes or courses to learn more about their equipment.
A music degree is not one that comes with a faint bill. In this major, you must purchase, maintain, and keep all of your musical instruments up to par and each instrument is not cheap. You can expect to spend thousands on the piece alone and then you must pay for specialized classes, trainings, and similar.
The medical field is an expensive one for all general doctors, specialties, and even dentists. These degrees require a lot of courses, labs, and exams to pass and the student is responsible for paying for all of the fees.
In addition, students must purchase their medical equipment, scrubs, uniforms, and much more. If you do choose to specialize in a specific medical field, you will need to take additional classes and training, which means more money out of pocket.
A law degree finally comes in on the list and many students know how expensive this degree can be due to the intensity of the program and the classes that need to be taken. A law degree can take many years to obtain and once you are approaching the bar examination, you cannot generally work due to the study requirements.
In addition to the classes, you must pay for your licensure, exams, applications, and all other expenses that come along with being a law student.
Engineering majors are in for a ride when it comes to their bill for college. These classes require labs and equipment as well, which must be purchased by the student. In addition, graduate school and any specializations in the field require that you take more courses, which means more credit hours and more money, especially at the graduate level.
Architecture is an expensive degree because of all the licensing and requirements that must be met. These licenses are not always cheap and can add to the cost of your tuition, exams, and equipment. The further you go in this career, the more training and classes you will need to take, so it is important to plan wisely.
The above seven degree-programs are some of the costliest. While you may be surprised to see some of these on the list, they are here because the cost of the equipment and additional items make them some of the most expensive.
Student loan debt is nothing to be ashamed of, but it does tend to put a big damper on situations, especially when you have to choose between your student loan payment and having fun with your friends. Many people think they are locked into their current student loans. There are options, however, like student loan refinancing through a private lender than can help make this debt more manageable. One company in particular, SoFi, has a variety of different programs available.
Remember, when you start to plan for college, you need to consider how you plan to pay for it and where the money will come from. While student loans are helpful, you do have to pay them back once you graduate. You can learn how I paid of $41,000 in student loan debt in this popular post.
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