How grad schools became the hidden culprit behind America’s student-debt crisis
|08/22/2019||Posted by BusinessMediaguide.Com under General World News||
- Households with at least one advanced degree carried 51% of overall student-loan debt in 2016.
- More students are attending and completing graduate school, but as master’s degrees become more expensive, they’re also borrowing more.
- Graduate students can more easily pay off loans because they tend to get high-paying jobs. Sometimes, though, those high-paying jobs earn less than the debt the borrower accumulated.
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At $1.5 trillion, the nation’s student-loan debt is at an all-time high.