article thumbnail

Rising Grad School Debt Is Decreasing Students’ ROI

BestColleges

Despite these rises, median earnings have mostly remained steady for graduate degree-holders since 2003, when adjusted for inflation. Ten years after graduating with their bachelor's degree, the average median earnings for any graduate degree-holder was $83,372 in 2003 and $83,778 in 2018 — only a $406 increase in 15 years.

article thumbnail

How to Get Your Money From the ‘568 Cartel’ Lawsuit

BestColleges

The Class Period is defined as follows: For Chicago, Columbia, Cornell, Duke, Georgetown, MIT, Northwestern, Notre, Rice, Vanderbilt, Yale — from fall term 2003 through the date the court enters an order preliminarily approving the Settlement. According to the website, here's who is eligible to receive cash awards ("claimants"): All U.S.

article thumbnail

College Tuition Inflation Statistics

BestColleges

The cost of college makes a difference in who can access higher education and how much student loan debt individuals take on. in 2003 and just 3.7% Note Reference [1] In recent years, tuition inflation has slowed somewhat, but tuition prices keep climbing. It rose 0.3%

Tuition 52
article thumbnail

Report Reveals ‘Weak Connection’ Between Debt and Earnings Outcomes for Graduate Students

BestColleges

The large percentages of programs with unaffordable debt at for-profit institutions are particularly worrisome for Black graduate students who disproportionately attend these schools and already face significant student loan debt. ED's report suggests that the value of obtaining an advanced degree may have fallen over the last 20 years.

article thumbnail

Supreme Court Rules to Block Biden’s Student Debt Forgiveness Plan

BestColleges

President Biden announced a plan in August 2022 to cancel up to $20,000 in debt for most student loan borrowers. Supreme Court ruled on Friday that President Joe Biden’s plan for student loan debt forgiveness is unconstitutional. The court's majority opinion stated such a debt relief program would need to be approved by Congress.

Loans 90
article thumbnail

Why Is College So Expensive?

Discovery College Consulting

Since President Biden announced on August 24 that he was canceling student loan debt for millions of borrowers, there has been a flurry of responses from a wide range of individuals. 45 million Americans — about 1 in 7 — have student loan debt totaling over $1.6 Since 2006, student loan debt has more than tripled.

Loans 52
article thumbnail

Prison Education Programs: Facts and Statistics

BestColleges

Unlike loans, they do not typically have to be repaid. [8] 14] According to a 2003 series of surveys conducted in four major U.S. 8] Under Title IV of the Higher Education Act (HEA) of 1965, incarcerated folks became eligible to receive Pell Grants to pay for college courses.