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Grad school debt holding you back? How to get it under control
- Nearly half of graduate students take out loans, with an average balance of $77,300, according to a 2023 report from the National Center for Education Statistics.
- All graduate school loans, whether federal or private, accrue interest while students are in school, states Brittany Brinckerhoff, a certified financial planner and certified student loan professional.
- Government policies, including the recent budget reconciliation bill, are expected to reshape student loan repayment and forgiveness options.
- If student debt is about twice as much as income, it is advisable to consider Public Service Loan Forgiveness or income-driven repayment forgiveness, suggests Sanger-Hodgson.
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Grad school debt holding you back? How to get it under control
(NerdWallet) - Graduate school can boost your career prospects and earnings — but it can come at a steep price. Nearly half of grad students take out loans, with an average balance of $77,300, according to a 2023 report from the National Center for Education Statistics. That debt can be tough to manage — it adds up fast. All grad school loans, whether federal or private, accrue interest while you're in school, says Brittany Brinckerhoff, a Chape…
·Chicago, United States
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Total News Sources31
Leaning Left3Leaning Right1Center24Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
11%
C 86%
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