Graduate programs account for 40 percent of federal student loans issued each year, with borrowing increasing by $2.3 billion from the 2010-2011 academic year to 2017-2018. By comparison, borrowing for undergraduate programs declined by $15 billion during that period. The rise in graduate debt reflects, in part, robust enrollment, which grew 39 percent from 2000 to 2017, according to the National Center for Education Statistics.
In some cases, graduate schools create expensive online programs to subsidize other academic offerings, researchers say, a practice enabled by the federal policy that allows graduate students to borrow up to the full cost of attendance. Employers, Miller said, also bear responsibility for a “lazy desire for graduate degrees” that are not necessary to excel at a job. Demanding advanced degrees, he said, means colleges seek to meet the demand.
For the full article click here: https://www.washingtonpost.com/education/2020/01/13/this-is-student-loan-problem-that-no-one-talks-about-graduate-school-debt/
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