In-demand graduate programs become a cash cow for colleges in financial distress
The Hechinger Report
As more and more employers require graduate-level education for new hires, the number of master’s degrees conferred has m0re than tripled from 1970. In 2015, 759,000 were awarded. And with higher demand comes higher prices: Average graduate and professional-level tuition at all universities doubled between 1988 and 2010 when adjusted for inflation. With many institutions facing lower undergraduate enrollment numbers and the financial problems that come with it, graduate student tuition is a valuable source of revenue.