11/21/2014 – Student Debt: A Calculator Focused on College Majors (The New York Times)

Nov 24, 2014 Comments Off by

Student debt seems on its way to becoming a significant political issue, for better or worse. When a recent Wall Street Journal/NBC News poll asked people about a long list of domestic and foreign policy proposals, none received more support – 82 percent – than reducing the cost of student loans. When the 2016 campaign gets underway, candidates will most likely come forth with various plans to address the issue.

So it’s a good time for an interactive calculator that the Hamilton Project is releasing Thursday, meant to give more detailed information about loan burdens. The feature’s main contribution is the earnings data it gives on about 80 different majors, allowing people to look up typical debt burdens by major, over the first decade after college – which is when people tend to repay their loans.

Read the full article at The New York Times.

Financial Security 2014

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