Average Student Loan Amounts

Question

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

Anasthaesium · Answer

Still a potentially large enough sum to drive the herd into wall street

shorttheworld · Answer

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..

MDF · Answer

+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.

riverripper · Answer

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.

Average Student Loan Amounts

Prep Toolkit

Top 5 GMAT Debrief Videos

615 to 715 in 15 Days (Ria's Strategies)

More than Quant/Verbal Abilities: Speed vs. Accuracy

745 with Only Self-Prep and GMAT Club

From 555 to 765: 210-point Improvement

Perfect 805 Score Debrief by Julia

My Rewards