People who graduate with a degree in the Arts generally have to deal with high debt and low prospects for earning a sustainable living as working artists.
That's the big takeaway from a new report from BFAMFAPhD, Artists Report Back: A National Study on the Lives of Arts Graduates and Working Artists [PDF]. The short version: "the fantasy of future earnings in the arts cannot justify the high cost of degrees."
You can interact with the data used to produce the study here.
More at Hyperallergic.