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Average Student Loan Amounts

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Average Student Loan Amounts [#permalink] New post 01 Dec 2011, 21:33
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Average Student Loan Amounts



Found some interesting stats in today's WSJ:

1. More than \frac{2}{3} of MBA students graduated with loans in 2008. Which means \frac{1}{3} did not have any loans - that's sweet.

2. Average student loan amount for an MBA graduate in 2008 was $41,676 (this includes any outstanding undergrad student loans). That's less than I would expect. Though that means that we can increase this number by 30% (those who did not have student loans) to reflect the real picture - about $60K in student loans.


Source: http://online.wsj.com/article/SB1000142 ... lenews_wsj
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Re: Average Student Loan Amounts [#permalink] New post 02 Dec 2011, 05:43
Still a potentially large enough sum to drive the herd into wall street ;)
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Re: Average Student Loan Amounts [#permalink] New post 02 Dec 2011, 07:05
yeah but does this include all the part time kiddos who are sponsored? and programs that cost about 8k a year for in state part time regional yadda yadda programs? id like to see what it is for T15 programs and the like... even when i see loan amounts of 100k im confused because i kow you will make maybe 12k your summer interning and then MAYBE get your 2nd year sponsored by your firm for a return signing bonus but thats still 90k .. 50k+20 for living expenses for each year and thats on the LIGHT side of things..
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Re: Average Student Loan Amounts [#permalink] New post 02 Dec 2011, 07:51
shorttheworld wrote:
yeah but does this include all the part time kiddos who are sponsored? and programs that cost about 8k a year for in state part time regional yadda yadda programs? id like to see what it is for T15 programs and the like... even when i see loan amounts of 100k im confused because i kow you will make maybe 12k your summer interning and then MAYBE get your 2nd year sponsored by your firm for a return signing bonus but thats still 90k .. 50k+20 for living expenses for each year and thats on the LIGHT side of things..


+1

I'd like to see the average outstanding loan numbers for full time private top 15 programs.

I think I have a decent amount of savings, but I'm still going to be taking out loans well in excess of $100k. In fact, I'll probably take out the max that I can so that I can keep my savings as a safety net until I have a job lined up post-MBA.
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Re: Average Student Loan Amounts [#permalink] New post 03 Dec 2011, 17:57
I would say most of my friends from school that have loans owe a lot more than 42k. More like 100k for lots of people. The 1/3rd without loans seems reasonable. Between sponsorships, scholarships, and people who come from money there are lots of folks who dont owe money. However, going in if you aren't one of those folks brace yourself for a lot of debt.
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Re: Average Student Loan Amounts   [#permalink] 03 Dec 2011, 17:57
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