[Libs-Or] New Report Focuses on How Graduate and First-Professional Students Pay for Their Education

[Ann Reed]

[Institute of Education Sciences - Newsflash]

New Report Focuses on How Graduate and First-Professional Students Pay for Their Education

[npsas logo]The average cost of graduate and first-professional education ranges from a low of $28,400 for students enrolled full-time, full-year in a master's program at a public institution to a high of $52,500 for students enrolled full-time, full-year in a first-professional program at a private nonprofit institution. The Statistics in Brief Graduate and First-Professional Students: Who They Are and How They Pay for Their Education: 2007-08 focuses on the types of programs in which graduate and first-professional students enroll, costs associated with those programs, and how those costs are financed via aid and work.

This report uses data from the 2007-08 National Postsecondary Student Aid Study, a nationally representative study of graduate and first-professional students, and includes information about students' demographic and enrollment characteristics, their education and work experiences, costs associated with graduate study, and how those costs are met. This survey is the primary source of data used by the federal government (and others) to analyze student financial aid information and to inform public policy on federal aid policy, such as Stafford or graduate PLUS loans.

Other findings include:

* Thirty-one percent of all master's students were pursuing degrees in education, while another 19 percent were in business administration. At the doctoral level, 60 percent of students were pursuing degrees in fields other than education, although education still accounted for around 15 percent of doctorates. Among first-professional students, about half of all enrollees were pursuing law degrees.

* About three-quarters of Ph.D. students in fields other than education held assistantships, fellowships, traineeships, or work-study awards, compared to 29 percent of education doctoral students and 37 percent of students in other types of doctoral programs (e.g., doctor of business administration or fine arts).

* The average amount borrowed in 2007-08 among graduate/first-professional students ranged from a low of $13,200 for education master's students to a high of $34,600 for medical students.

To view the full report please visit
http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2011174


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To obtain hard copy of many IES products as well as hard copy and electronic versions of hundreds of other U.S. Department of Education products please visit http://www.edpubs.org or call 1-877-433-7827 (877-4-EDPUBS).



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