What profession has the most debt?

Oral surgeons have the highest average amount of student loan debt, according to a 2023 report from personal banking and finance company SoFi. SoFi identified the 16 professional specialties with the highest average student loan debt, with 14 of the careers being in healthcare.

What major has the highest debt?

Looking at all U.S. bachelor's degrees, certain majors were more likely than others to result in a heavy burden of debt, according to the Education Data Initiative's new study. At the top of the list for debt was behavioral sciences, which racked up a median debt of $42,822.

What career has the worst debt to income ratio?

Which majors have the least debt?

The major with the smallest median debt for a Bachelor's degree is Science Technologies/Technicians at $9,529. The major with the largest median debt out of any other major is Doctor of Osteopathic Medicine at $287,817.

Which group has the most student debt?

Black and African American student borrowers are the most likely to struggle financially due to student loan debt making monthly payments of $250.

Who Has the Most Debt? | Assumptions vs Actual

Which gender has more debt?

On average, men have more debt than women across all categories, except for student loans. While there isn't much data yet, early studies have shown that nonbinary students undergo more financial strain than their cisgender peers, and are more likely to have student loan debt.

Who owns the majority of student debt?

Total federal student loan debt

Most student loans — about 92% — are owned by the U.S. Department of Education.

What is the least regretted major?

Business is often considered the least-regretted major, which means that individuals who choose business degree programs are ultimately more satisfied with their career path than those who choose to pursue other majors.

What is the least useful major in college?

What major makes the least money?

What age group has the most debt?

Total debt by age group in the U.S.

Analysis of the debt share in the U.S. shows that people aged 40-49 hold the largest amount of debt at $4.21 trillion in total. People aged 50-59 have the most credit card debt in total at $0.21 trillion, and people aged 30-39 have the most student loan debt at $0.5 trillion.

Do millionaires carry debt?

Borrowing money may seem like something you only do if you don't have enough of it, but that's not true. There are many wealthy people who take on debt; they just do it in different ways than their less-well-off counterparts do. Of course, not every rich person has exactly the same money habits.

Why do millionaires have so much debt?

Rich people use debt to multiply returns on their capital through low interest loans and expanding their control of assets. With a big enough credit line their capital and assets are just securing loans to be used in investing and business.

What is the #1 cause of debt in the US?

Mortgage balances, the largest source of debt for most Americans, rose 5.9 percent between 2020 and 2021.

Who has the worst debt in the world?

What degree makes the most millionaires?

What is the happiest major in college?

What is the happiest major? According to a 2022 ZipRecruiter survey, people were happiest with their college major if they had majored in computer and information sciences, criminology, engineering, nursing, health, business administration, finance, or psychology.

Which degree is rarest?

What is the #1 hardest major?

Which degree has the highest depression rate?

Depression was common in both medical and engineering students, but it was more prevalent in engineering students as compared to the medical students. Therefore, it is advised to start new programs for the welfare of medical and engineering students and counseling should be initiated by the institution.

What is the most regretted job?

What is the average monthly student loan payment?

Data Summary. The average federal student loan payment is about $302 for bachelor's and $208 for associate degree-completers. The average monthly repayment for master's degree-holders is about $688.

What percentage of America is debt free?

Around 23% of Americans are debt free, according to the most recent data available from the Federal Reserve. That figure factors in every type of debt, from credit card balances and student loans to mortgages, car loans and more. The exact definition of debt free can vary, though, depending on whom you ask.

Is 100k in student loans a lot?

Only a small percentage—about 6% of borrowers—owe $100,000 or more. Nationally, the average student loan balance per borrower is $39,032, so if you have $100,000 in student loan debt, you have about 2.5 times the national average balance. But your loan principal is just one part of the problem.