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Trends in Debt and Earnings for Common Programs of Study – Robert Kelchen Blog

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The Department of Education’s updated College Scorecard dataset contains two new features at the program level. (I looked at the new institution-level data in my previous post.) The first feature is information on median Parent PLUS loan debt and the number of students whose parents take on debt. The second is earnings two years after graduation, which added onto last year’s one-year data.

In this post, I constructed a dataset of students who graduated in the 2014-15 and 2015-16 academic years combined with one-year earnings from calendar years 2016 and 2017 and two-year earnings from calendar years 2017 and 2018. (A note to analysts: the most recent data file shows debt for the 2016-17 and 2017-18 graduating cohorts, one-year earnings from the 2015-16 and 2016-17 cohorts, and two-year earnings from the 2014-15 and 2015-16 cohorts. This will result in some funky numbers, so download the big dataset instead and do your own merging.) I then pulled data for fields of study that had data from 50 or more programs at each credential level.

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