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MikeDC's avatar

"total financial aid for graduate students grew enormously between 2003 ($39.4 billion) and 2023 ($66.6 billion)."

Respectfully, I hate this sort of (ubiquitous) argument by giving context free numbers. A quick Google shows a $1 in 2003 was worth $1.74 due to inflation. So $39.4B comes to... $68.6B in 2023 dollars. That is....

Grad student financial aid didn't even keep up with inflation!!!

I have plenty of reason to think we shouldn't be financing some of grad school, but this sort of innumeracy is invokes doubts about credibility.

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stu's avatar

"Graduate education has to go. "

It would seem this refers to federal aid but I can't read the article to confirm. Either way, I'm curious what it costs the federal govt to provide loans to grad students. Seems like it would be rather small, especially if these people are good credit risks, as the quote implies.

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