, in part because many Americans with Ph.D.s also hold debt from earning previous degrees. The organization analyzed student loan balances of graduates from the 1999-2000 academic year to the 2015-2016 academic year and found that average loan balances for those who earned their Ph.D. increased by 104%, from $48,400 to $98,800, and student loan balances for those who earned medical doctorates increased by 97% from $124,700 to $246,000.
Average debt among students who earned other non‑Ph.D. doctorates increased by 105%, from $64,500 to $132,200. One reason for these increased debt levels among graduate students is theover the past several decades, for graduate as well as undergraduate students. Though debt levels may be high, the demand for highly skilled workers is not likely to change, which means these highly-educated borrowers should continue to have an advantage in the labor market. The
predicts that by 2020, 65% of all jobs in the American economy will require education beyond high school.
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Program to Relieve Student Debt Proves UnforgivingMore than 73,000 people have applied for debt forgiveness this year, according to Education Department data, but just 864 have had their loans erased. pay your bills You borrowed the money, you new the deal, you got the education you wanted... PAY IT BACK.... I don't care if your choice of major was for shit... not my problem... if you get yours relieved why shouldn't I get mine reimbursed Your generation is WEAK AS WATER Yay big govt! Junk laws nobody can even figure out. Even when trying to accomplish something useful, they bring nought but wreckage.
Source: WSJ - 🏆 98. / 63 Read more »
Candidates tackle student-debt crisisIn his late March announcement speech, Messam, a 44-year-old former college football player, put student debt front and center, saying that if elected he would push for national student debt forgiveness. You get $50,000 in student-loan debt relief. The politics of free college are similarly fraught.
Source: YahooNews - 🏆 380. / 59 Read more »
How the student loan 'grace period' can actually make your debt problem worseHow the student loan 'grace period' can actually make your debt problem worse via CNBCMakeIt MakeIt No shit. People don't do this because they want to. It's because not everyone has a job when they first graduate. MakeIt Interest... It still accumulates while your payments are on hold. Just like any other loan really. Its a bandaid for a bullet wound frankly. Its covered. But the blood just keeps gushing. Smh. MakeIt There is no grace period the interest just keeps growing 🤡🔥👹
Source: CNBC - 🏆 12. / 72 Read more »
It could become easier for people with student debt to file for bankruptcyLawmakers could make it easier for student loan borrowers to cancel their debt in bankruptcy. The bill, which is supported by 14 Democrats, one Republican and one independent, is dubbed the Student Borrower Bankruptcy Relief Act of 2019. And let the rest of us foot the bill. Thanks. Stop selling lies that degrees will make someone middle class. Degrees don’t automatically give someone a window office, bankers hours or a private parking space. Working hard and being working class is not a disease! studentdebtcrisis vocation apprenticeships bankruptcy
Source: CNBC - 🏆 12. / 72 Read more »
Parents Owe $89 Billion In Student Loans - Here's What To Do About ItHere's how parents can manage student loans: Yes it's write and true Manage student loan debt by telling your kid to go to a city or state university instead of a private one and by telling them to get scholarships instead of majoring in partying. debt collegelife
Source: Forbes - 🏆 394. / 53 Read more »