representing all student loan borrowers, families earning more than $173,000 per year have student loan balances almost double that of families earning less than $27,000 per year, including debts from both graduate and undergraduate degrees. $52,001 to $97,000 per yearAccording to the Urban Institute's data, 48% of student debt is held by households with graduate degrees.
Households with larger incomes tend to spend more on education. Students from higher-income families are less likely to have student loan debt, but those who do have it tend to have a lot.on the class of 2016, an undergraduate degree recipient from a family earning an income over $120,000 was 11 percentage points more likely to have no loan debt than a recipient from a family earning between $70,000 and $119,999 per year.
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Graduate degree recipients obviously have higher student debt & they earn more money. So pay off your debt! Starbucks & vacations & iPhones are not your friends!
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