Grad PLUS loans were created in 2006, allowing graduate students to borrow up to the full cost of attendance. Total borrowing rose from about $2 billion in the program’s first year to over $15 billion
That jump from $2B to $15B is staggering. It's a massive increase in leverage for grad students. I'm curious where Bloomberg got those specific figures—do they have a link to the Department of Education data? If funding tightens now, the ROI on advanced degrees is going to look very different.
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