There has been speculation that high debt burden influences students to choose majors with high expected earnings. Ibis article develops and tests a model for examining the factors that influence college students to choose majors with higher expected earnings. Final major choices made in 1985 by college students in the high school class of 1980 were examined. The findings include: 1) major choice is influenced by social background, high school achievement, high school major choice, and college experiences; and 2) debt burden was not significantly associated with major choice.
St. John, Edward P.
"The Influence of Debt on Choice of Major,"
Journal of Student Financial Aid: Vol. 24
, Article 1.
Available at: http://publications.nasfaa.org/jsfa/vol24/iss1/1