Graduate Student Debt

Graduate student debt refers to the loans that students take out to finance their advanced education, such as master's or doctoral programs. Many graduate programs can be expensive, and since these students often have limited income, they rely on loans to cover tuition, fees, and living expenses. While obtaining a graduate degree can lead to better job opportunities and higher salaries, accumulating significant debt can pose financial challenges after graduation. Managing this debt becomes crucial, as high monthly repayments can impact financial stability and life choices for years to come.