Quick Answer: Who owes the most student loan debt?

The report concludes that majority of student loan debt is held in households that have higher earnings and a graduate degree. The highest-income 40% of households (those with incomes above $74,000) owe almost 60% of student loan debt.

What profession has the highest student loan debt?

Future medical professionals—a category that includes doctors, dentists, and pharmacists—can expect to take on the most debt to finance their degrees—over $190,000 in student loans.

How can I live debt free?

6 Ways to Maintain a Debt-Free Lifestyle

  1. Build a large savings. Working toward a sizable savings account is difficult, but it’s also the most important way to stay out of debt. …
  2. Pay off credit card transactions immediately. …
  3. Buy a cheap used car. …
  4. Go to community college. …
  5. Rent. …
  6. Buy only what you need.

What profession has the most debt?

Dental school graduates have an average debt of 292,169, making them the most debt laden professional degree, followed by medical school at $201,490.

How much debt do engineers graduate with?

The average starting salary for an engineer out of school is just over $62,000 – just over $66,000 for Electrical Engineers, and the average student loan debt for engineers is roughly in-line with the average non-engineer student loan debt, at approx., $37,000.

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What is the average student loan debt 2019?

College graduates from the class of 2019 who took out student loans borrowed $30,062 on average, according to data reported to U.S. News in its annual survey. That’s around $6,300 more than borrowers from the class of 2009 had to shoulder – representing a more than 26% increase in the amount students borrow.

Which race is the richest?

Detailed ancestry

Rank Group Income (US$)
1 Indian Americans 126,705
2 Taiwanese Americans 102,405
3 Australian Americans 100,856
4 Filipino Americans 100,273

What race has the most PHDS?

In 2018/19, about 720 doctoral degrees were earned by American Indian or Alaskan Native students.

Number of doctoral degrees earned in the United States by ethnicity in 2018/19.

Ethnicity Number of degrees
White 107,567
Non- resident alien 23,891
Asian/ Pacific Islander 21,040
Black 15,118

Which race has the highest dropout rate?

In 2019, the high school drop out rate for American Indian/Alaska Natives in the United States was 9.6 percent — the highest rate of any ethnicity.

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