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Klaus Vedfelt/DigitalVision/Getty Images Many students take out loans to enjoy the benefits of a master's degree. The master of business administration (MBA) is one of the most popular degrees. In June 2022, Payscale reported an average salary of$92,000 for MBA graduates.
However, the total national student loan debt continues to increase each year. According to the Education Data Initiative, over half of master's degree holders owe an average of$70,000.
Individuals can enjoy that lucrative salary without substantial student debt. Other financial aid options exist
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