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The Right Coast
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Financially Hobbled for Life : The Elite Master s Degrees That Don t Pay Off – WSJ

By Thomas A. Smith

Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000.

Yet two years after earning their master s degrees, half of the borrowers were making less than $30,000 a year.

The Columbia program offers the most extreme example of how elite universities in recent years have awarded thousands of master s degrees that don t provide graduates enough early career earnings to begin paying down their federal student loans, according to a Wall Street Journal analysis of Education Department data.

via www.wsj.com

This is just wrong. It applies I would guess to at least 25 percent of law school graduates. Which is better than 99 percent of film school graduates I suppose, but still.