Going For A Graduate Degree? Be Prepared For Rise In Student Debt
Career College Central summary:
A report issued last month by the New America Foundation suggests much of the increase in student debt levels in recent years is tied directly to graduate programs.
The average indebtedness by those leaving school with a graduate degree is up from $40,209 in 2004 to $57,600 in 2012. Comparable figures aren’t available for undergraduate degrees, but the average student debt level for all U.S students is $29,400.
Concerns over the growing mass of student debt in the U.S. — now more than $1.2 trillion, exceeding even credit card debt — may need to be rethought based on the foundation’s findings, according to Jason Delisle, who authored the report.
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DETROIT FREE PRESS
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