February 27, 2004

Personal Finance by the Numbers

Student Debt

Proportion of graduate students and professional students who borrowed to finance their studies: 80% Average amount of debt among graduate and professional students, including undergraduate loans, $28,500("Graduate and Professional Borrowing: Are Earnings High Enough to Support Debt Levels?" 1999, Nellie Mae)

Average proportion of borrowers' monthly income that goes toward student-loan payments: 12% Proportion of student borrowers who did graduate work in medicine,

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