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Re:How America's universities became debt factories by TeaBrain on Saturday September 14, 2024 @03:59PM (#41542405)
Almost 60% of U.S. undergraduate students take out either federal or private loans and there are 5x as many undergraduate students as graduate students in the U.S.
Re:How America's universities became debt factories by lapcat on Saturday September 14, 2024 @04:04PM (#41542433)
I think the OP is referring to the number of dollars rather than the number of students.
Re:How America's universities became debt factories by TeaBrain on Saturday September 14, 2024 @04:15PM (#41542514)
Of course it was based on the number of dollars, but based on which figures? It was an assertion conjured out of thin air. If there are five times as many undergrad students as grad students and a similar percentage of grad students had to take out student loans, then this would mean that students are incurring on average five times more debt for graduate school. This is without taking into consideration that a far higher percentage of US graduate students are international students.
Re:How America's universities became debt factories by lapcat on Saturday September 14, 2024 @04:23PM (#41542557)
It looks like graduate debt was approaching the majority and could in fact be a majority in 2024: "If these trends continue, graduate loan disbursements may exceed undergraduate disbursements in the next few years." https://sites.ed.gov/ous/files/2023/08/OCE_GraduateDebtRepor...
Re:How America's universities became debt factories by TeaBrain on Saturday September 14, 2024 @04:35PM (#41542636)
You're conflating current disbursements with the outstanding debt, which is what the original assertion was on. Either way it is looked at though, their assertion is wrong.
Re:How America's universities became debt factories by lapcat on Saturday September 14, 2024 @04:42PM (#41542698)
> You're conflating current disbursements with the outstanding debt

No, I was just googling for stats, and that's what I was able to find. Here's something else though: "46% of federal student loan debt belonged to graduate student borrowers in 2017." https://educationdata.org/average-graduate-student-loan-debt

Re:How America's universities became debt factories by seanmcdirmid on Saturday September 14, 2024 @07:19PM (#41543837)
> while the average debt for graduate school borrowers is $71000.

That figure would be heavily skewed by medical school students.