I am grateful to the Wall Street Journal education reporters for calling my attention to the fact that median debt and median earnings data are available for graduate programs at many schools. The articles that they published, “Financially Hobbled for Life: The Elite Master’s Degrees that Don’t Pay Off” and “Is a Graduate Degree Worth the Debt?,” triggered my reviews of their reporting tool and the College Scorecard’s updated dataset used for their data reporting.
I have heard for years that physicians borrow a lot of money to attend medical school. I have also heard that high debt levels are okay because medical doctors make enough money to repay their student loans. Based on the data reported by the Wall Street Journal, I’m not so sure.