What is the average college and medical school debt?
The cost of education is climbing. The average college graduate owes on average $20,000. According to the American Medical Association, the average medical school student owes $140,000. Are the financial and personal sacrifices worth it? This is something you can only answer yourself after considering your personal and financial goals, your family priorities, and how hard you are willing to work. A financial statistic to consider is that the more you invest in your education, the higher your potential income. According to the 2006 US Census, people who do not graduate from high school make mean incomes of $20,980/year. High school grads make mean incomes of $30,249/year. For college grads, this group receives mean incomes of $57,519/year. Master degree holders demand mean incomes of $70,242/year. The highest mean incomes of $95,359 – $117,386/year were seen in individuals holding professional or doctorate degrees. Another statistic to consider is an average college debt of $20,000 will
The cost of education is climbing. The average college graduate owes on average $20,000. According to the American Medical Association, the average medical school student owes $140,000. Are the financial and personal sacrifices worth it? This is something you can only answer yourself after considering your personal and financial goals, your family priorities, and how hard you are willing to work. A financial statistic to consider is that the more you invest in your education, the higher your potential income. According to the 2006 US Census, people who do not graduate from high school make mean incomes of $20,980/year. High school grads make mean incomes of $30,249/year. For college grads, this group receives mean incomes of $57,519/year. Master degree holders demand mean incomes of $70,242/year. The highest mean incomes of $95,359 – $117,386/year were seen in individuals holding professional or doctorate degrees. Another statistic to consider is an average college debt of $20,000 will
