---
title: Is an Insurance degree worth the debt?
cip: 5217
source: U.S. Dept. of Education College Scorecard — Field of Study (2026-06-10 release)
sourceId: src:doe:college-scorecard:field-of-study:2026-06-10
---

# Is an Insurance degree worth the debt?

Leading with the **Bachelor's**, across **18** colleges (18 of 18 programs report earnings):

- **Median pay, 1 year after completion:** $52,997 ($55,964 at 2 years)
- **Median federal debt:** $21,000 (federal loans only)
- **Debt-to-earnings:** 0.39× a first year's pay
- **Across-college spread (middle 50%):** $49,275–$54,941 — the program you choose moves the number this much.


**How to read this:** these are MEDIANS across college programs, measured **1–2 years after completion** (early career, graduates only) — NOT lifetime earnings, and NOT comparable to a college's 10-years-after-entry figure. They cover **federally-aided completers at programs large enough to report**; small programs are suppressed. A field median is not a prediction of your outcome, not causal (who enters a field differs by field), and **not a "best majors" ranking** — earnings are one dimension of worth. Verify by field at the official College Scorecard (https://collegescorecard.ed.gov/).

## By degree level

| Level | Pay (1yr) | Federal debt | Debt/pay | Colleges | Programs reporting |
| --- | --- | --- | --- | --- | --- |
| Bachelor's | $52,997 | $21,000 | 0.39× | 18 | 18/18 |
| Master's | $96,878 | — | — | 3 | 3/3 |

## Where an Bachelor's in this field reports the highest early-career pay

Reflects who enrolls and where, not causal program quality.

| College | Pay (1yr) | Federal debt |
| --- | --- | --- |
| University of Wisconsin-Madison (WI) | $65,571 | $20,500 |
| St. John's University-New York (NY) | $61,996 | $24,072 |
| Saint Joseph's University - Philadelphia (PA) | $59,809 | $21,500 |
| Temple University (PA) | $56,967 | $24,750 |
| University of North Texas (TX) | $54,961 | $19,392 |
| Illinois State University (IL) | $54,880 | $19,000 |
| Florida State University (FL) | $53,352 | $21,875 |
| University of Georgia (GA) | $53,270 | $17,642 |
| University of South Carolina-Columbia (SC) | $53,142 | $25,173 |
| Indiana State University (IN) | $52,852 | — |
| Missouri State University-Springfield (MO) | $50,969 | — |
| Georgia State University (GA) | $50,544 | $21,000 |
| Appalachian State University (NC) | $49,715 | $17,875 |
| University of Hartford (CT) | $49,128 | — |
| University of Louisiana at Monroe (LA) | $48,830 | $20,500 |

RECORDED College Scorecard figures + one DERIVED ratio (debt-to-earnings). Informs and compares; not advice on what to major in. Each college's full record: `/education/<slug>`.

Structured data: `/education/fields/insurance.jsonld` · `/education/fields/insurance.json`