Guide to the Highest Dropout Rates by Major
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6 Undergrad Degrees With the Highest Dropout Rate
1. Computer Science
4. Creative Arts
6. Business Administration
Downsides of Dropping Out of College
You could face a financial impact. College is a big investment. Whether you pay for it yourself or take out a loan, it’s a significant undertaking. Some students feel that the financial burden is too significant to carry, so they drop out before completing a degree. It may be more difficult to return once you leave. Dropping out of school doesn’t mean you can’t achieve a degree in the future. That being said, it might be more challenging to return once you’ve taken some time off. Once you have full-time employment, financial responsibility, or maybe even a family, fitting school into your life can feel like an uphill battle. In addition, fitting the coursework into your already busy life may require extra motivation. Still, that doesn’t mean it’s impossible. You may see effects on your future employability. Many employers require job candidates to have some form of a degree. In fact, roughly 35% of job postings require a bachelor's degree and 30% require an associate’s degree. Many of these jobs offer higher compensation than jobs that only require a high school degree. Therefore, forgoing a degree can limit your employment opportunities down the road.
Why Choosing the Right Major Matters
Discover your passion. First, identify what you’re interested in and the skills you possess. From there, you can pinpoint areas of study that align with your unique strengths. Students tend to excel in areas they enjoy and have a knack for. Research different majors. Researching the requirements, coursework, graduation rates, and expectations of different majors can give you a better idea of suitable options for majors. Additionally, all majors are not offered at every school. So, before you decide on the school you want, explore what majors are offered at the schools you're interested in. This way, you can find a university aligned with your interests. Look at salaries. Understanding salary ranges can give you an idea of what you can make once you graduate. Then, you can start budgeting and planning for future expenses like student loan payments, including how long it will take to pay off student loans.
3 Student Loan Tips
Refinancing your student loan can lower your monthly payments and help you adjust your loan term. Compare student loan refinancing rates to find a loan that works for you. One pain-free way to pay down your student loan sooner: send in your tax refund to put against the principal balance. Since it’s money that has already been taken out of your pay, you won’t miss it. If you teach full-time for five complete and consecutive academic years in a low-income school, you may be eligible for federal student loan forgiveness.
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