What profession has the highest student loan debt?
Asked by: Elroy Pagac Jr. | Last update: August 6, 2023Score: 4.5/5 (12 votes)
According to the Urban Institute, 48% of student debt is held by households with graduate or other professional degrees. 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.
What careers are most in debt?
- Oral Surgeon. Even with a relatively high salary, oral surgeons typically graduate with a large student loan burden. ...
- Orthodontist. ...
- Endodontist. ...
- Dentist. ...
- Radiologist. ...
- Obstetrician-Gynecologist. ...
- Anesthesiologist. ...
- Physician.
Which profession has the highest debt-to-income ratio?
- Veterinary science: 14.62%
- Psychology (undergraduate): 13.23%
- Law (graduate): 12.67%
- Education (undergraduate): 12.06%
- History: 11.82%
What groups have the most student debt?
Black and African American student borrowers are the most likely to struggle financially due to student loan debt making monthly payments of $250. Asian college graduates are the fastest to repay their loan debt and the most likely to earn a salary that exceeds their student loan debt balance.
Which gender has more student debt?
Women hold 58% of all student loan debt. Female student borrowers have an average debt is 9.6% higher than their male peers one year after graduation. Women take an additional two years on average to pay off student loans. Black women have the highest average amount of debt.
What profession has the highest student loan debt?
Which gender is more likely to be in debt?
Indeed, men carry more overall debt than women, including across most debt categories. But women carry more student loan debt and often have more credit cards.
What is the average student debt in the US?
The average federal student loan debt is $37,338 per borrower. Private student loan debt averages $54,921 per borrower. The average student borrows over $30,000 to pursue a bachelor's degree. A total of 45.3 million borrowers have student loan debt; 92% of them have federal loan debt.
What human has the most debt?
He doesn't always lose money. But when he does, he loses more than $6 billion. He is ... the most indebted man in the world. Jérôme Kerviel is learning one of life's harsher lessons: It stinks to be $6.3 billion in debt.
Who holds most of the debt?
Top 10 territories that own the most U.S. debt
In total, other territories hold about $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion.
What industry has high debt to equity?
Companies that operate in asset-heavy industries like construction, infrastructure, airline, and hospitality will have a high debt to equity ratio — generally much greater than 1. On the other hand, asset-light companies like tech companies have low debt to equity ratios.
What major has the most debt?
The major with the largest median debt out of any other major is Doctor of Osteopathic Medicine: $287,820. The major with the smallest median debt out of any other major is Biological and Physical Sciences at the Associate's level: $7,590.
What person has the most amount of debt?
Former Société Générale rogue trader Jérôme Kerviel owes the bank $6.3 billion. Here's what his case tells us about financial reform. Enjoy a year of unlimited access to The Atlantic—including every story on our site and app, subscriber newsletters, and more. He can earn million-dollar gains without anybody knowing.
Who is the highest person in debt?
Former financial arbitrage trader Jerome Kerviel is the most indebted man on the planet, owing his former employer $6.3 billion.
Who are the biggest debt holders?
With $1.1 trillion in Treasury holdings, Japan is the largest foreign holder of U.S. debt. Japan surpassed China as the top holder in 2019 as China shed over $250 billion, or 30% of its holdings in four years.
Who owns most of Americans debt?
Top 10 territories that own the most U.S. debt
In total, other territories hold about $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion.
Who has the worst debt?
The United States has the world's highest national debt at $31.4 trillion.
What age has the most debt?
Those between the ages of 40 and 49 hold an average of about $7,600 in credit card debt — the highest of any age bracket, per TransUnion data provided to CNBC Make It.
What business has the most debt?
The Volkswagen Group is the most indebted company in the world with a debt of $192 billion US. An updated infographic from Kryptoszene.de illustrates this. Their debt burden is on par with that of entire countries like South Africa or Hungary.
How many people are 100% debt free?
Fewer than one quarter of American households live debt-free. Learning ways to tackle debt can help you get a handle on your finances.
How many Americans have no debt?
That means most American adults either carry a mortgage, owe on a car, face monthly student loan payments, roll over charges on their credit cards—or all of the above. And yet, over half of Americans surveyed (53%) say that debt reduction is a top priority—while nearly a quarter (23%) say they have no debt.
How much debt is ok?
Key Takeaways. Debt-to-income ratio is your monthly debt obligations compared to your gross monthly income (before taxes), expressed as a percentage. A good debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is considered to be too much debt.
What age do Americans become debt free?
The Standard Route is what credit companies and lenders recommend. If this is the graduate's choice, he or she will be debt free around the age of 58. It will take a total of 36 years to complete. It's a whole lot of time but it's the standard for a lot of people.
At what age should I have no debt?
“Shark Tank” investor Kevin O'Leary has said the ideal age to be debt-free is 45, especially if you want to retire by age 60. Being debt-free — including paying off your mortgage — by your mid-40s puts you on the early path toward success, O'Leary argued.