--- title: "GradSense Tool Helps Students Calculate Their Degree’s ROI" id: "21808" type: "post" slug: "gradsense-tool-helps-students-calculate-their-degrees-roi" published_at: "2014-02-21T20:35:46+00:00" modified_at: "2026-03-16T03:40:25+00:00" url: "https://associationsnow.com/2014/02/21/gradsense-tool-helps-students-calculate-their-degrees-roi/" markdown_url: "https://associationsnow.com/2014/02/21/gradsense-tool-helps-students-calculate-their-degrees-roi.md" excerpt: "A new online calculator helps to inform students of the average amount of student loan debt as well as the median salaries they might expect to earn after obtaining various college and graduate degrees." taxonomy_category: - "Career Development" taxonomy_post_tag: - "arts education" - "AssociationsNow" - "Business" - "careers" - "financial literacy" - "New to Associations" taxonomy_content_format: - "Article" taxonomy_role: - "Director" - "Manager" taxonomy_persona: - "Early Career" --- [Home](https://associationsnow.com/) » [Articles](https://associationsnow.com/format/article/) » GradSense Tool Helps Students Calculate Their Degree’s ROI Student loan debt in the United States currently tops $1 trillion, [according to the Consumer Financial Protection Bureau (opens in a new tab)](http://www.consumerfinance.gov/newsroom/student-debt-swells-federal-loans-now-top-a-trillion/) . It’s no secret that the college debt crisis is of growing concern and is [having an impact on a number of industries, including real estate and medicine](http://associationsnow.com/2013/05/associations-student-debt-hurting-the-economy/) . > This clear, customized tool empowers students to make more-informed decisions about their educational and career pathways. One group is trying to address the crisis by helping students assess the value of their investments in higher education and make better-informed career decisions. The Council of Graduate Schools this week launched an online platform, GradSense, which combines federal data on both education debt and median salaries for various occupations, allowing students to calculate what various degrees may be worth. “GradSense provides students with crucial financial information that was never easily accessible or available before,” Debra W. Stewart, president of CGS, which represents more than 500 higher education institutions in the United States and Canada, [said in a statement (opens in a new tab)](http://www.cgsnet.org/addressing-student-loan-debt-crisis-new-web-tool-helps-students-better-plan-their-financial-futures) . “This clear, customized tool empowers students to make more-informed decisions about their educational and career pathways.” To use GradSense’s online calculator, individuals select a degree level (bachelor’s, master’s, doctorate, or professional), a field of study, and an occupational area. The calculator then displays the average debt and median salary of students who graduated and are working in that field. GradSense also provides information on repayment plans, the basics of compound interest, and evaluating and negotiating job offers. The number of students graduating with student loan debt rose by 4 percent between 2008 and 2012, [according to a 2013 report by the Institute for College Access and Success (opens in a new tab)](http://projectonstudentdebt.org/files/pub/classof2012.pdf) [PDF]. The same report found that college graduates who obtained a bachelor’s degree in 2012 had on average $29,400 in student loan debt. Created in collaboration with financial services provider TIAA-CREF, GradSense is part of CGS’s and TIAA-CREF’s [Enhancing Student Financial Education (opens in a new tab)](http://cgsnet.org/enhancing-student-financial-education) project, which recently awarded grants to 15 colleges and universities across the country to create financial literacy programs for students. (iStock/Thinkstock) [Katie Bascuas](https://associationsnow.com/author/katie-bascuas/) Katie Bascuas is a former associate editor at Associations Now in Washington, DC. [More articles by this author](https://associationsnow.com/author/katie-bascuas/) Tags: [#arts education](https://associationsnow.com/tag/arts-education/) [#Business](https://associationsnow.com/tag/business/) [#careers](https://associationsnow.com/tag/careers/) [#financial literacy](https://associationsnow.com/tag/financial-literacy/) [#New to Associations](https://associationsnow.com/tag/new-to-associations/) **Stay Informed** [Subscribe to our free newsletter](https://associationsnow.com/newsletter/) , *Associations Now Daily News*, to find out what’s happening in the association world every business day. ## You Might Like - [VideoASAE’s The ExchangeApril 24, 2025](https://associationsnow.com/2025/04/24/asaes-the-exchange/) - [VideoLaurie Gussak Shares Her CAE JourneyOctober 26, 2023](https://associationsnow.com/2023/10/26/laurie-gussak-shares-her-cae-journey/) - [VideoLisa Rackstraw Shares Her CAE JourneyOctober 26, 2023](https://associationsnow.com/2023/10/26/lisa-rackstraw-shares-her-cae-journey/) - [VideoDeb Callahan Shares Her CAE JourneyOctober 26, 2023](https://associationsnow.com/2023/10/26/deb-callahan-shares-her-cae-journey/) ## Comments **Comments are for ASAE members.** [Learn more about comments on this site.](https://associationsnow.com/comments/) [Log in](https://associationsnow.com/login?redirect_to=https%3A%2F%2Fassociationsnow.com%2F2014%2F02%2F21%2Fgradsense-tool-helps-students-calculate-their-degrees-roi%2F%23comments) to your member account or [join ASAE](https://my.asaecenter.org/select-a-membership-type/) !