Doctoral Degree Recipient Debt, Percentage Borrowing and Average Borrowed, 2011-12
About three-quarters of students who earned professional practice doctoral degrees in law, medicine, or other health sciences in 2011-12 borrowed $60,000 or more for their graduate education. This level of debt was much less common for other graduate students.
Figure 2014_17A: Doctoral Degree Recipient Debt, Percentage Borrowing, and Average Borrowed, 2011-12
Notes & Sources
NOTE: Includes all loans ever borrowed for both graduate and undergraduate education for 2011-12 and prior years. “Other Doctoral Degrees” are primarily in health fields, psychology, and business.
SOURCE: NCES, National Postsecondary Student Aid Study, 2012.
- Among Ph.D. recipients, 39% of those in education and 20% of those in other fields borrowed as much as $60,000.
- Average debt per doctoral graduate ranged from $28,200 for noneducation Ph.D. recipients to $137,500 for M.D. recipients.