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Choose your college major carefully: It could cost you a down payment on a home

Earlier this month thousands of high school seniors decided where to go to college after several months of angst. New research suggests that angst may be better directed at choosing a field of study.

The median earnings for bachelor’s degree recipients is about $62,000 a year, according to an analysis of government data by Georgetown University’s Center for Education and the Workforce. But the difference in median annual earnings of bachelor’s degree recipients with the highest paying majors and those with the lowest paying majors is $39,000. (That’s approximately the median down payment for a home.)

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