Achieving the Promise of Educational Opportunity: Graduate Student Debt for STEM vs. Non-STEM Students, 2012

Using NPSAS 2012 data, this study examines graduate student debt for STEM versus non-STEM students who were enrolled in a master's or doctoral degree program in 2012. Findings showed significantly higher debt for those in non-STEM programs as well as differences by amount of undergraduate debt, race, and full- or part-time enrollment status. These differences may encourage more STEM participation, but may restrict some students from enrolling in graduate-level programs, particularly in non-STEM fields. The loss of a new generation of citizens with graduate level training may affect our national economy and productivity, and urges institution officials to consider means to offer financial aid to a larger number of graduate students.