![]()
A new report shows that advanced degrees don’t always pay off, especially in the humanities.
Researchers looked at students in Texas who pursued advanced degrees after a bachelor’s degree. They found about what you would expect: a medical or law degree does pay off, even after expensive student debt. However, an advanced degree in psychology or social work has a negative payoff. Meaning you will never make back what you put into this degree and it does not increase earning potential.
Students are told to “follow their passion,” take on debt, and trust that the system will reward them later. For many fields, it simply doesn’t.
So why do they exist when they only serve to make indebted young people with unusable skills? Probably because payoff is not the point.
Universities are pricing degrees based on demand, and there is still endless demand for credentials, even when they don’t translate into income. These students don’t listen when someone tells them that a queer theory degree is not profitable because they find it fashionable and impressive. It can open doors in credential-driven fields, even if it doesn’t increase actual productivity or earnings.
It is less of an investment. It is more like an expensive identity.