The phrase "graduate with debt" refers to a situation where an individual completes their education, typically at the college or university level, and has accumulated student loan debt during that time. This means that upon graduation, they owe money to various lenders as a result of borrowing funds to pay for tuition, fees, room and board, books, and other expenses associated with their education. The amount of debt can vary greatly depending on factors such as the cost of attendance at the institution, the duration of study, and personal financial circumstances. Graduating with debt is a common experience for many students, who often face the challenge of repaying these loans after completing their studies.