WSJ: Elite Schools Leave Grad Students Buried Under Mountains of Debt

WSJ: Elite Schools Leave Grad Students Buried Under Mountains of Debt


Elite universities continue to push master’s programs that don’t pay off, as the jobs that graduates get with their degree from top institutions fail to generate enough income to pay down their six-figure federal loans, according to the Wall Street Journal.

Master’s students lured in by the idea of acquiring a degree from prestigious institutions have taken on debt beyond what their salary after graduation can support, according to a report by the Wall Street Journal.

Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000, and two years after obtaining their degrees, half of the borrowers are earning less than $30,000 a year, the report added.

Columbia’s program is reportedly the most extreme example of how top universities have recently been awarding thousands of master’s degrees that don’t result in enough early career earnings for graduates to start paying down their massive

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