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YOUR MONEY

Making Cents: Getting a Masters Degree in Borrowing

July 14, 1996

The number of U.S. graduate students who borrowed to pay for their education surged 62% in two years, from 620,000 in 1993 to more than 1 million in 1995, according to a recent study. The report finds 77% of students with incomes below $10,000 take out loans, compared with 58% of those earning more. The average debt is $64,059 for students studying medicine, $67,772 for those in dentistry and 40,300 for those in law.

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