Written by: Sara Weissman Published by: Inside Higher Ed MBA News Digest Comment: GME student debt is not mentioned. Extracted Content: Historically Black colleges and universities are forgiving students’ debts with the hopes of alleviating some of the financial strains of the pandemic and possibly providing them more financial freedom in the future. Click Here to Read More Via Original Source … [Read more...] about A Clean Slate
Written by: Josh Mitchell Published by: The Wall Street Journal MBA News Digest Comment: Is anyone asking what happens to graduate student applications and enrollments if a large number of these students default? Extracted Content: In 2018, Betsy DeVos, then U.S. education secretary, called JPMorgan Chase & Co. Chief Executive Jamie Dimon for help. Repayments on federal student loans had … [Read more...] about Is the U.S. Student Loan Program Facing a $500 Billion Hole? One Banker Thinks So.
Written by: Marc Ethier Published by: Poets&Quants MBA News Digest Comment: None. Extracted Content: Debt is the foremost concern for MBAs and MBA candidates, exacerbated and reinforced by widely shared horror stories of six-figure debt that takes decades to pay off. The bottom line is that the cost of a two-year, residential, full-time MBA program keeps rising, and as long as that is the … [Read more...] about MBA Debt Burden: The Embarrassing Data Point That B-Schools Stopped Reporting
Written by: Adam Loone Published by: Brookings MBA News Digest Comment: None. Extracted Content: Individuals who owe student debt are an incredibly diverse group, spanning highly educated professionals to first-year dropouts. Some borrowers earn six-figure salaries their first year out of school, and some earn less than a high-school graduate. One factor differentiating those who struggle … [Read more...] about Dept. of Education’s College Scorecard shows where student loans pay off… and where they don’t
Written by: Ryan Lane Published by: NerdWallet MBA News Digest Comment: None. Extracted Content: The average student loan debt for graduate school in 2015-16 was $71,000, according to the most recent data available from the National Center for Education Statistics. That average reflects debt for master’s degrees, Ph.D.s and other graduate school loans borrowed only for advanced degrees. … [Read more...] about What Is the Average Student Loan Debt for Graduate School?
Content written by Kelsey Gee and published by The Wall Street Journal. MBA News Digest Comment: None. Extracted Content: The cost of getting an M.B.A. has risen sharply in recent years. Now the Education Department is providing an in-depth look at how much government debt students who pursue the degree are taking on. Data released by the department show that roughly 92,800 people who … [Read more...] about M.B.A. Students Have Billions in Federal Loans, Data Show