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Graduates of top-tier master s programs are increasingly unable to make enough in their early careers to put a dent in their insurmountable student loans, a
Wall Street Journal analysis reveals, thanks in part to a federal Grad Plus loan program with no fixed limit on how much grad students can borrow.
Grad Plus, which students might use to cover the cost of tuition, fees, and living expenses is the fastest-growing federal student loan program, reports the
Journal, with recent interest rates as high as 7.9 percent. No-limit loans produce graduate program cash cows, and prestigious schools benefitting from the increased interest and free-flowing money can raise tuition unchecked, the
Wall Street Journal Fingers Columbia as Leader in Grad Students Whose Student Debt Leaves Them Financially Hobbled for Life
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High Cost But Useless Master s Degrees And Who s Offering Them
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