Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Loans

Student loans: ‘Revolutionary’ new data shows average debt of recent graduates by degree

admin by admin
September 16, 2021
in Loans
0
Student loans: ‘Revolutionary’ new data shows average debt of recent graduates by degree

Amid a major student loan debt crisis in the U.S., a new report by the Texas Public Policy Foundation found that some degrees cost tens of thousands of dollars more than others.

The report — which uses new data released by the Department of Education (ED)’s College Scorecard to examine typical college debt by credential and program — contributes to a burgeoning trend of transparency that’s aimed at scrutinizing the cost of tuition generally.

Related articles

Sallie Mae Responds on the Mounting Federal Student-Loan Problem

Student Loan Cancellation Just Got More Complicated

The analysis “is really quite revolutionary because up until now, everything had just been institution level,” Andrew Gillen, senior policy analyst at the Texas Public Policy Foundation, told Yahoo Finance.

Rather than generalize how much student loan debt one would take out if they go to a college, Gillen noted, students can extrapolate how much their intended major would set them back, which is “helpful.”

Gillen said he hoped that the report will help students and parents make more informed decisions and prompt policymakers to take a closer look at whether these programs provide a good return on students’ investment.

Ultimately, he wants there to be more of an understanding in government “about what they’re funding in higher education and why [degree-specific information] would really benefit the higher education landscape.”

The most and least expensive degrees

Overall, graduates with associate’s degrees borrowed an average of $14,000, as compared to bachelor’s degree grads who borrowed $23,000.

Then there are master’s degrees, of which the costs have been a large focus of the conversation around the price of higher education in recent months. Master’s degree holders borrowed a median of $40,000, according to the data, while professional degree recipients took out a median of $144,000 while doctoral degree graduates borrowed a median of $73,000, according to the data.

 

Read more…

admin

admin

Related Posts

Sallie Mae Responds on the Mounting Federal Student-Loan Problem

Sallie Mae Responds on the Mounting Federal Student-Loan Problem

Josh Mitchell’s profile of Al Lord is a compelling look into the making of the federally guaranteed student-loan program that owns 92% of student loans outstanding...

Student Loan Cancellation Just Got More Complicated

Student Loan Cancellation Just Got More Complicated

At a press conference yesterday, House Speaker Nancy Pelosi (D-CA) threw cold water on the argument that President Biden has the legal authority to cancel student loan debt...

Everything you need to know about motorcycle loans

Collaborating to Fix Student Loans

The Department of Education is planning to continue addressing reforms to the administration of the student loan program -- based partly on the input of two...

Remaining Forborne Loans May Require Additional Relief

Oregon City applies for federal loans to fix water pipes

Oregon City commissioners provided preliminary approval to a plan from city staff to borrow money from the federal government after voters rejected increasing their baseline water...

UK college students could be repaying loans into their 60s

UK college students could be repaying loans into their 60s

Students who start college in the U.K. next year could still be repaying student loans into their sixties, under new plans announced by the British government...

Next Post
House Democrats propose new tax hikes to pay for their $3.5 trillion bill: Here are the details

House Democrats propose new tax hikes to pay for their $3.5 trillion bill: Here are the details

How to calculate which credit card to pay off first

How to calculate which credit card to pay off first

Don’t know how to invest your extra cash? Let a robot do it for you.

Don't know how to invest your extra cash? Let a robot do it for you.

No Result
View All Result

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

RECOMMENDED

Does the IRS really want to spy on your bank account? The latest tax fight explained
Tax

Scoop: Manchin waffles on billionaire tax

Tax snitch plan triggers flood of hate for German minister
Tax

Tax snitch plan triggers flood of hate for German minister

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

© 2021 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2021 Our Finance Guide, All Rights Reserved.