Monday, December 22, 2014

Graduate Student Debt: $60,600

Among the nation's 4 million graduate students in 2011-12, fully 67.5 percent borrowed to pay for their undergraduate and/or graduate school expenses. Half borrowed to pay for their undergraduate program, and an even larger 57 percent were borrowing to pay for graduate school. Those who borrowed as undergraduates had accumulated an average of $27,000 in student loans, and those who borrowed for grad school had accumulated an even larger $47,700 in student loans.

Because many graduate students borrowed first as undergraduates and then as graduate students, 2011-12 grad students with debt had borrowed a cumulative average of $60,600.

Source: National Center for Education Statistics, Profile and Financial Aid Estimates of Graduate Students: 2011-12

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