The Student Debt Crisis is Increasingly About Graduate School Debt
When the media talks about the student debt crisis, they tend to focus on six-figure sums, as if the typical student borrows $100,000 or more to fund their college education. Yet, those sums are outliers, or they reflect the experience of graduate students who have accrued more debt by getting into graduate school. The average undergraduate student seldom borrows more than $100,000. America’s student debt crisis is a $1.7 trillion problem and has doubled in the last decade. The fastest-growing segment of the loan market is graduate student loans. According to Brookings, although only 25% of th...