This is the executive summary for the report, "Graduate Degrees: Risky and Unequal Paths to the Top" which proposes new measures to improve accountability and transparency in graduate education through a regulatory framework for Grad PLUS loan eligibility that includes both an in-field earnings premium test and a debt-to-earnings test.…

Is graduate school worth it? Graduate degrees--including master's, professional, and doctoral degrees--can help individuals boost their earnings and improve career advancement opportunities. But they can also be high-risk investments given rising costs, student debt, and the current lack of transparency about program outcomes. "Graduate…