Tagged: graduate school debt
The Wall Street Journal has a nice article about the “graduate school loan binge” and, sadly, there is some truth to their story. Student debt is over $1 trillion and graduate students account for 40% of that debt while only representing 14% of the college student population.
While a Google search will reveal other articles with similar predictions of an economic bust due to student loans, we don’t believe the prudent graduate student has anything to worry about. It’s true tuition has continued to climb steeply and, in many cases, eaten into the degrees’ ROI. There are plenty of commentaries about how the flood of financial loans have fueled the meteoric tuition hikes and the very questionable operations of many for-profit schools is worthy of its own separate discussion.
However, if you do your due diligence and you have a reasonable expectation of achieving your desired ROI, we still believe that graduate degree can be the best investment you can make. Just be sure the school has a good reputation and the degree from that school has a reasonable chance of helping you achieve a desired career goal that will make the loan repayments feasible.
Best of luck with your applications!
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The students taking advantage of the system are sickening. As are the politicians that allowed this to happen.
The lawyer who is planning to pay the minimum and then get forgiveness under the federal program represents all that is wrong with the debt crisis.
Be careful. People cant handle this much truth.
History really does keep repeating
The prudent grad school student has nothing to worry about but we American taxpayers do. There are a growing number of grad students who don’t intend to repay their loans. This looks to become another economic mess.
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