All posts tagged: visual arts

College Loans and Majoring in the Arts

This morning, I read this CNBC article, which discussed the fact that student loans have gone up over 150% in the last decade. The article states that “The average outstanding college loan balance is now $34,144, up 62 percent over the last 10 years.” Like most college students, arts majors (music, drama, dance, visual arts) will need to take out college loans in order to pay for their schooling. Generally, institutions of higher education don’t have a sliding scale for tuition based on projected earnings for each college major. Arts majors need need to weigh the value of the education they are receiving with the amount they will need to pay in order to earn their degree. When I coach artists, a big part of the conversation is about lowering financial risk in order to have more flexibility to pursue the things you love to do. With college becoming more expensive than ever, I encourage you to consider the impact of taking out college loans in order to pursue your art. Here is a breakdown …