Investing in Education - Toledo Blade Editorial

As college costs and debt rise, some experts are questioning the value of higher education. But according to a new survey, not only do university degrees have value, some majors pay off far more handsomely than others do. A person with a degree in petroleum engineering, for example, can expect to earn about $120,000 a year. In contrast, the median annual salary for counseling or psychology majors is $29,000. The report also concludes that college majors are highly segregated by race and gender. Men are drawn to the highest-earning majors, while women gravitate toward lower-earning degrees. African-Americans and Asians earn less than whites, even in the same fields.