It all depends on the school they went to. If they went to a high level private school, each year could be as much as 100-120 grand. At which point, you damn well better be doing an employable major dropping that kind of money.
Everyone makes the assumption that this level of debt is incurred in 4-6 years. Some of the people I graduated high school with have spent over a decade on and off in school. They get degrees, then turn around and go back for something completely different because they changed their minds after working in the field. They can keep getting loans because they don’t have to pay anything back as long as they are full time students.
Which is so dumb. If you want to transition to something new, just go for an Associate's from a Technical College. Way cheaper, focused on hands-on experience, and your Bachelor's can cover most/all the non-program classes.
No? The average US debt for each person is about 40k. Unless you're in an ivy league school getting a graduate degree or more your debt shouldn't be near what theirs is.
I’m in 250k+ debt for my doctoral level program. No undergraduate debt whatsoever... I was not shocked by this number. Likely the debt has significantly increased due to interest accrued since their loans were taken
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