Two-Thirds of American Employees Regret Their College Degrees

An anonymous reader quotes a report from CBS News: A college education is still considered a pathway to higher lifetime earnings and gainful employment for Americans. Nevertheless, two-thirds of employees report having regrets when it comes to their advanced degrees, according to a PayScale survey of 248,000 respondents this past spring that was released Tuesday. Student loan debt, which has ballooned to nearly $1.6 trillion nationwide in 2019, was the No. 1 regret among workers with college degrees. About 27% of survey respondents listed student loans as their top misgiving, PayScale said. College debt was followed by chosen area of study (12%) as a top regret for employees, though this varied greatly by major. Other regrets include poor networking, school choice, too many degrees, time spent completing education and academic underachievement. “Those with science, technology, engineering and math majors, who are typically more likely to enjoy higher salaries, reported more satisfaction with their degrees,” the report adds. “About 42% of engineering grads and 35% of computer science grads said they had no regrets.”

Those with the most regrets include humanities majors, who are least likely to earn higher pay post-graduation. “About 75% of humanities majors said they regretted their college education,” report says. “About 73% of graduates who studied social sciences, physical and life sciences, and art also said the same.” Somewhere in the middle were 66% of business graduates, 67% of health sciences graduates and 68% of math graduates who said they regretted their education.

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