America’s student debt burden has been on the rise for years, along with America’s class of incredibly well-educated retail workers. A new report reveals who’s driving the train to debt hell: grad students. Don’t do it!
Do you really need to go to grad school? For the vast majority of those of you considering going to grad school, the answer is “probably not.” So consider this a bit of data to encourage you to skip it. Take a year off. Travel the world. Hitchhike. Join the Peace Corps. Be a bartender. Huddle in a remote cabin and write your novel. Learn the trombone. All of these are good, affordable activities to pursue as you consider the findings of today’s New America Foundation report, which shows that the increase in the debt load of graduate students in the past decade makes the student debt load for undergrads look paltry by comparison. From the Wall Street Journal: