According to the "College Majors Handbook," the 5 lowest paying college majors are Social Work, Special Education, Elementary Education, Home Economics and Music/Dance. As a college professor for the past 16 years, I was only surprised that other "interesting" majors were not on the list, such as Philosophy or Anthropology. In a recent NPR interview, I spoke on the value of going to college and whether or not it's worth the expense. The answer to this question is very simple: It depends.
Here are some things to remember when choosing a major for yourself or your children in college:
1) Know what you are getting. Don't major in a low paying major expecting to make the same money as business school students. It's simply not going to happen. Pick a major with the salary expectations that make you comfortable. Money doesn't have to be important to you, just make sure you're honest with yourself about how important money actually is.
2) Make sure that your major can help you repay your student loans. Most young people who went to college are going to die in debt. Don't let yourself become one of those people.