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Infographic: The 5 Most Debt-heavy Graduate Degrees
You’ll never guess which degree snatched the No. 2 spot on this list.
Recent veterinary college graduates face a whole new set of challenges once they conquer academia. And one of the biggest is paying off student loans.
According to an analysis of more than 91,000 borrowers who requested rates to refinance their graduate school student loan debt through Credible, there are a few specific majors that result in student loan debt that far exceeds their earnings.
No. 2 on the list is none other than veterinary graduates.
While doctors and lawyers amass a lot of student loan debt from their time spent in school, they are more equipped to pay off that debt upon graduation, the analysis revealed.
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The analysis also uncovered that even several years after graduation, veterinarians devote more than 10 percent of their monthly income to their student loan payments — which may be a reality you’re currently dealing with.
If you find yourself struggling with student loans, it might be the perfect time to look into income-driven repayment plans. Above all else, it’s important that you repay what you owe the smart way to set yourself up for financial success.
Here are the top five graduate degrees with the highest student loan debt-to-income ratio.