The College Majors That Won't Leave You Drowning in Debt
A dental hygiene student prepares a patient for a panoramic X-ray, as her assistant professor looks on, in Brooklyn, N.Y.
Photographer: Michael Nagle/BloombergYou might have heard from a guidance counselor that there's no such thing as the wrong college major. But if you're interested in paying back the debt you'll accumulate over your college career, you may want to ignore that advice, a new report suggests.
By one measure, college graduates who studied medicine are in a far better position to pay back their student loans than grads who studied psychology, according to Credible, a San Francisco-based, multi-lender marketplace in a report released Tuesday. Credible looked at the debt-to-income ratio, a measure of financial health and creditworthiness, of 11,512 people seeking to refinance their student loans. Lenders look at an individual's debt-to-income (DTI) ratio to judge his or her ability to repay a loan—lower is considered better.