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Rising Grad School Debt Is Decreasing Students’ ROI

BestColleges

Despite these rises, median earnings have mostly remained steady for graduate degree-holders since 2003, when adjusted for inflation. Ten years after graduating with their bachelor's degree, the average median earnings for any graduate degree-holder was $83,372 in 2003 and $83,778 in 2018 — only a $406 increase in 15 years.

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College Tuition Inflation Statistics

BestColleges

The cost of college makes a difference in who can access higher education and how much student loan debt individuals take on. This report uses data from the National Center for Education Statistics (NCES) to track tuition inflation — that is, how much tuition prices have increased over the years. in 2003 and just 3.7%

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These States Offer College Scholarships, Financial Aid to Former Foster Youth

BestColleges

Nine states have scholarship or grant options to help lessen the need for student loans. A BestColleges report on the challenges this demographic of students faces found that SEFC often feel like an invisible part of higher education. Students must contribute at least $500 to educational costs each year to keep eligibility.

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Student Loan Default Rate: Facts and Statistics

BestColleges

Data Summary Check As of 2022, the three-year student loan default rate was 2.3%. [1] 1] Check The recent student loan default rate is the lowest it's been in years. Note Reference [1] Check At the end of 2021, roughly 3 million people — close to 7% of all student loan borrowers — were in default. [2] billion at the end of 2021.

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Report Reveals ‘Weak Connection’ Between Debt and Earnings Outcomes for Graduate Students

BestColleges

An August 2023 Department of Education (ED) report is calling into question the return on investment (ROI) of graduate degrees. According to the report, graduate student loans made up a record-high 47% of federal student loan disbursements in 2021-2022.

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Supreme Court Rules to Block Biden’s Student Debt Forgiveness Plan

BestColleges

President Biden announced a plan in August 2022 to cancel up to $20,000 in debt for most student loan borrowers. Supreme Court ruled on Friday that President Joe Biden’s plan for student loan debt forgiveness is unconstitutional. The court's majority opinion stated such a debt relief program would need to be approved by Congress.

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Why Is College So Expensive?

Discovery College Consulting

Since President Biden announced on August 24 that he was canceling student loan debt for millions of borrowers, there has been a flurry of responses from a wide range of individuals. 45 million Americans — about 1 in 7 — have student loan debt totaling over $1.6 Since 2006, student loan debt has more than tripled.

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