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According to a new report that looks at student loan debt, some college programs — specifically at the master's degree and professional degree levels — leave students with a mountain of debt.
College debt is a hot topic, for good reason. As of 2023, more than half of all students left college in debt. For New Jersey students, the average debt was $35,202.
This is significantly less than the national average of 43% of private four-year college graduates and 47% of public four-year college graduates who stay in the same metro area as their alma mater.
The cost of college in the U.S. is going … down? With lower tuition, less student debt and more grant aid, College Board data released last week shows a hopeful future for higher education costs ...
[17] [18] [19] By 2019, the total college debt exceeded US$1.5 trillion, and two out of three college graduates were saddled with debt. [27] Glenn Reynolds argued in his book, The Higher Education Bubble (2012), that higher education as a "product grows more and more elaborate—and more expensive—but the expense is offset by cheap credit ...
Over half of American college graduates are graduating with some student loan debt, with borrowers owing a total of $1.48 trillion, according to the Federal Reserve. For many of these borrowers ...
As of 2018, Canada is ranked third in the world (behind Russia and South Korea) for the percentage of people ages 25–34 who have completed tertiary education. [1] As of September 2012, the average debt for a Canadian post-university student was 28,000 Canadian dollars, with this accumulated debt taking an average of 14 years to fully repay based on an average starting salary of $39,523. [2]
Student loan debt rose from $480.1 billion (3.5% GDP) in Q1 2006 to $1,683 billion (7.8% GDP) in Q1 2020. Student loans play a significant role in U.S. higher education. [50] Nearly 20 million Americans attend college each year, of whom close to 12 million – or 60% – borrow annually to help cover costs. [51]