Graduate enrollment, tuition and debt are climbing as students seek higher salaries — and colleges add graduate programs to produce much-needed revenue.
“Nowadays everyone's going to graduate school,” said Ernesto Rivero, a second-year law student sitting nearby, who hopes to become an agent for artists, actors and musicians. “Most of my close friends are in law school or medical school. That's what they tell you to do.”
As the number of undergraduates steadily declines in seeming direct proportion to rising costs, debt and the many other obstacles faced by college students, graduate enrollment is quietly on the upswing. It's being driven by the better job prospects and higher salaries people think it will bring them — and by a conscious strategy among universities like this one to add graduate programs that produce much-needed revenue.
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