The Effect of Loans on Time to Doctorate Degree: Differences by Race/Ethnicity, Field of Study, and Institutional Characteristics


In 2003, the median accumulative federal loans for doctorates were $44,743, triple the amount of $14,927 in 1995. This increase was faster than other groups with associate's, bachelor's, or master's. Using Survey of Earned Doctorate data, this study clarifies the effects of loans on time to doctoral degree.