4 ms·

Maybe because they covered one case of a grantee repaying their $180k(!) student loan.

• labster 9y ago
  The doesn't seem all that large for someone with a professional degree, like a M.D. or J.D. America is the land of the free until you get to university.
  • TheAdamAndChe 9y ago
    Really? This is an incredible amount IMO, regardless of profession. That is a massive amount of debt that can't ever be absolved without paying, and an incredible amount of interest.
    • astura 9y ago
      I just looked it up and according to a nerdwallet survey (highly unscientific) the average debt for new physician is $166,000.
      • h1srf 9y ago
        That's lower than I would have guessed.
  • ABCLAW 9y ago
    It seems like a tremendous amount when you consider that the amount of prestige "BigLaw" jobs that can shoulder that debt burden are a fairly small portion of the average graduating cohort's employment. In contrast, I completed my professional degree and a masters in law at the two best universities in my country for a total out of pocket tuition cost of approximately $9,000. That's around 1.3 orders of magnitude apart. I'm sure there will be replies about the quality of the alumni networks or the level of scholarship (which would be very poorly founded), but that misses the point: the magnitude of debt is shocking.