Education Atlas

College Scorecard · field of study · all U.S. colleges

Is a Physics degree worth the debt?

The figures below lead with the Bachelor's, aggregated across 78 colleges (78 of 78 programs report earnings). Other credential levels are in the table further down.

Median pay · 1 yr after
$38,470

Graduates only, early career.$41,193 two years out.

Median federal debt
$21,500

Federal loans only — not private or Parent PLUS.

Debt vs a year's pay
0.50×

50% of a first year's earnings.

Typical debt is under a year's early-career pay.

The college you pick moves this a lot

The middle 50% of Bachelor's programs in Physics report early-career pay between $33,758 and $43,876 — a spread of $10,118 that depends on the program and who attends it, not the major alone.

25th pct $33,758 median $38,470 75th pct $43,876

By degree level

Each level is a separate decision — more schooling usually means more pay and more debt.

LevelPay · 1yrDebtDebt/pay
Bachelor's 78 colleges $38,470 $21,500 0.50×
Master's 4 colleges $83,810
Doctoral 3 colleges $79,371

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

The 15 programs with the highest reported pay one year after completion. This reflects who enrolls and where they live as much as the program itself — it is not a causal quality ranking.

What these numbers are — and are not

Every figure here is a median across college programs in Physics, from the U.S. Dept. of Education College Scorecard. It is not a prediction of what you would earn (your college, effort, and local job market vary enormously — see the spread above), not lifetime earnings (it is measured 1–2 years after completion, early career), not proof the major caused the outcome (who enters a field differs by field — selection, not causation), and not a "best majors" ranking: earnings are one dimension of worth, not the whole of it. Teaching and social work pay far less than the fields at the top of this list and matter enormously. Earnings cover federally-aided completers at programs large enough to report.

Also available: structured data (JSON-LD) · plain text · JSON. Source: U.S. Dept. of Education College Scorecard — Field of Study (2026-06-10 release). · explore this field on the official Scorecard