2000-2020 U.S. graduate degree costs tripled, causing increased student debt and racial disparities, while state funding decreased.

A Georgetown University report reveals that the cost of graduate degrees in the U.S. tripled from 2000 to 2020 due to reduced state funding, leading to higher student debt, which rose from $34,000 to $50,000. While graduate enrollment has increased, disparities persist, with Black and Hispanic graduates earning $16,000 less on average. The report calls for better loan regulation and tools to help students assess debt risks, noting that many young borrowers delay major life decisions due to financial burdens.

September 30, 2024
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