SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Study: 40% of $1 Trillion Student Loan Debt Belongs to Grad Students

Study: 40% of $1 Trillion Student Loan Debt Belongs to Grad Students

A new study by the left-leaning think tank the New American Foundation finds that 40% of the over $1 trillion in U.S. student loan debt belongs to graduate students.

“Most of these degrees are not intuitively worth it,” Jason Delisle, the author of the study told Buzzfeed. “Is a Master of Arts degree really worth $20,000 more than it was in 2004?”

Delisle added, “The Obama administration says they’re addressing the problem, but it’s also one they’ve helped cause…They’re saying ‘we have a huge debt problem,’ but at the same time, they’re saying to grad students, ‘Borrow as much as you want.'” 

A few highlights from the study on the skyrocketing rates of graduate student loan debt include: 

  • The combined undergraduate and graduate debt for law students (LL.B. or J.D.) is now a staggering $140,616–a figure that jumped $51,983 from 2004 to 2012 
  • The combined undergraduate and graduate debt for a Master of Arts graduate is $58,539–an increase of $20,574 from 2004 to 2012 
  • Medical and Health Science graduates have seen their combined undergraduate and graduate debt rise $38,569 over the period studied, resulting in $161,772 of debt for the typical graduate who borrows

Progressives have used the student debt issue to argue for so-called “debt forgiveness” policies that dump debt on taxpayers. Conservatives, however, point out that skyrocketing higher education costs are largely the work of administrators and a liberal professoriate who demand light teaching loads, inflated salaries, tenure, and excessive spending on luxury buildings and amenities.

Last year, a poll by global management firm Accenture found that 41% of U.S. workers who graduated from college in the last two years are underemployed and working in positions that did not even require a college diploma.

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x