A recent trip to a dentist generated a discussion about my blog and articles that I wrote about the high cost of medical school and law school. The dentist asked me if I had looked at the amount of debt that dentists incur for dental school. He said that the amounts that recent dental school graduates borrow are outrageous.
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.
In an opinion piece published in Newsweek last week, Ms. Neetu Arnold wrote that the federal student loan system isn’t worth it for students or taxpayers. Ms. Arnold notes that President Biden has not provided for debt forgiveness of student loans in the latest White House budget proposal, despite promising to do so when he was campaigning for President. Subsequent to the publication of her opinion piece, the Department of Education announced on June 16 that it was going to forgive $500 million in loans for 18,000 former students of the ITT Technical Institute.