Why Grad Students Are Taking On More Debt : The Indicator from Planet Money Graduate students are increasingly shouldering the country's student debt.
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Why Grad Students Are Taking On More Debt

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Why Grad Students Are Taking On More Debt

Why Grad Students Are Taking On More Debt

Why Grad Students Are Taking On More Debt

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  • <iframe src="https://www.npr.org/player/embed/749175542/749189390" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Christopher Furlong/Getty Images
Grad student debt is bonkers!
Christopher Furlong/Getty Images

As a nation, we owe more than $1.5 trillion dollars in student loans, nearly twice the $870 billion we owe in credit card debt. Increasingly, that debt burden is due to the cost of graduate education. Since 2000, the cost of a doctorate has doubled, as has the amount of debt owed by the average graduate student. In the last academic year, graduate students got 40 percent of federal student loans. And the situation is deteriorating, as the cost of grad school rises faster than the cost of undergraduate education. That has implications for students, colleges and the economy as a whole.

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