“The average student loan debt for a master’s degree is approximately $64,950, with total debt including undergraduate loans reaching around $83,651.”
https://duckduckgo.com/?q=average+student+loan+debt+for+masters+degree&ia=web
Maybe federal loans should only be available for medical school and students without a bachelor’s degree.
“Maybe federal loans should only be available for medical school and students without a bachelor’s degree.”
Maybe borrowers should (a) read the fine print before signing, and (b) pay extra against the principal every month to reduce the amount of interest (and retire the debt earlier).
Even better: Get the fed gov out of the student-loan business (and every other thing not enumerated in Article I, Section 8).