NEW HERE? LEARN MORE
closeclose
Last visit was: 26 Apr 2024, 04:32 It is currently 26 Apr 2024, 04:32
Decision Tracker
My Rewards
New posts
New comers' posts

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

Average Student Loan Amounts

SORT BY:
Date
Kudos
User avatar
L
bb
Founder
Founder
Joined: 04 Dec 2002
Posts: 37311
Own Kudos [?]: 72891 [0]
Given Kudos: 18869
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3
Send PM
GMAT ToolKit User CAT Tests Forum Quiz Mode
Average Student Loan Amounts [#permalink] New post   01 Dec 2011, 22:33
Expert Reply

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: https://online.wsj.com/article/SB1000142 ... lenews_wsj
avatar
Anasthaesium
Manager
Manager
Joined: 04 Apr 2010
Status:Taking heavily leveraged but calculated risks at all times
Posts: 168
Own Kudos [?]: 121 [0]
Given Kudos: 13
Concentration: Entrepreneurship, Finance
Schools: HBS '15 Stanford '15
GMAT Date: 01-31-2012
Send PM
Re: Average Student Loan Amounts [#permalink] New post   02 Dec 2011, 06:43
Still a potentially large enough sum to drive the herd into wall street ;)
avatar
shorttheworld
Manager
Manager
Joined: 10 Aug 2011
Posts: 187
Own Kudos [?]: 21 [0]
Given Kudos: 2
Location: United States
Concentration: Finance, Economics
GMAT 1: 700 Q48 V38
GPA: 3.4
WE:Securities Sales and Trading (Mutual Funds and Brokerage)
Send PM
Re: Average Student Loan Amounts [#permalink] New post   02 Dec 2011, 08:05
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..
User avatar
B
MDF
Senior Manager
Senior Manager
Joined: 20 Jun 2010
Posts: 488
Own Kudos [?]: 83 [0]
Given Kudos: 27
Concentration: Strategy, Economics
Schools: Chicago (Booth) - Class of 2014
Send PM
Re: Average Student Loan Amounts [#permalink] New post   02 Dec 2011, 08:51
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.
User avatar
riverripper
GMAT Club Legend
GMAT Club Legend
Joined: 10 Apr 2007
Posts: 4307
Own Kudos [?]: 806 [0]
Given Kudos: 5
Location: Back in Chicago, IL
Concentration: General/Operations Management
Schools:Kellogg Alum: Class of 2010
 Q49  V42
Send PM
Re: Average Student Loan Amounts [#permalink] New post   03 Dec 2011, 18:57
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.
GMAT Club Bot
gmatclubot
Re: Average Student Loan Amounts [#permalink]
03 Dec 2011, 18:57

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions