Debt: Master’s Degree Recipients
Differences in annual borrowing patterns of graduate degree students across racial and ethnic groups are reflected in differences in the total debt levels accumulated by those who complete their degrees. Approximately 56.4 percent of all master’s degree recipients borrowed to fund their graduate education, compared with 81.3 percent of Black or African American graduates. Across all student groups, the average amount of debt accumulated for graduate study was $43,354. By race and ethnicity, Asian master’s degree recipients who borrowed accumulated larger average debts than other groups.
Race and Ethnicity in Higher Education: A Status Report
Chapter Eight: How Students Finance Graduate Study
Chapter Eight Report Download (PDF) 2.9 MB
Chapter Eight Data Tables Download (XLSX) 91 KB
U.S. Department of Education, National Postsecondary Student Aid Study, 2016
Estimate suppressed for American Indian or Alaska Native and Native Hawaiian or other Pacific Islander students. Reporting standards not met.
Cumulative debt of master’s degree recipients shows the average amount borrowed per borrower.