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SEATTLE, June 25, 2019 (GLOBE NEWSWIRE) -- Today, PayScale, Inc., the leader in modern compensation data and software, released new research on the Biggest College Regrets which reflects the main regrets related to college after students graduate. Overall, financial implications topped the list with “student loans” cited as the top regret, followed by “area of study” ranking second, particularly for those graduates who choose a major with lower income potential. One exception was those who graduated with an education degree. Despite employees in the education field typically earning less income, they reported having fewer regrets about the major they chose, indicating the profession provides a high level of satisfaction which may overcome the strain of a smaller paycheck.
“Our research shows the student debt crisis is impacting today’s graduates in a very real way. Not only are they struggling with the burden of student loans to pay for the rising costs of education, but they are then also faced with stagnant wages when they enter the workforce because pay for jobs in many areas of study has not kept pace with inflation,” said PayScale director, Wendy Brown. “While the experience of going to college is a cultural ideal for most people, the cold realities of cost and income are making many of these graduates regret some of their basic decisions about college.”
Here are some additional findings from PayScale’s Biggest College Regrets research:
This research shows that deciding which college to attend and which major to study can have lasting implications for most people, long past their actual college years. To view the more findings from the Biggest College Regrets research, please visit: https://www.payscale.com/data/biggest-college-regrets
PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. More than 8,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 23 million employees. These companies include Encana, Patagonia, The New York Times, Sunsweet, T-Mobile, United Health Group, Wendy's and Perry Ellis. For more information, please visit: https://www.payscale.com/ or follow PayScale on Twitter: https://twitter.com/payscale.
Press Contact: Phyllis McNeice