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Most popular US graduate degrees aren’t worth the money, study shows

The report says average graduate earnings rise 17%, but returns range from negative 8% in psychology to 173% for M.D. programs after costs.

Summary by New York Post
According to a study recently released by the Postsecondary Education & Economics Center at American University, which was originally based on research from the Yale Tobin Center for Economic Policy, degrees in social work, psychology, and curriculum and instruction have the potential to yield a zero to negative return on investment, considering the full cost that goes into earning the degree.
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The Washington Post broke the news in on Tuesday, March 31, 2026.
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