The term "graduate debt" refers to the financial obligation that students accrue while pursuing their post-secondary education, such as a college or university degree. This type of debt is typically incurred through student loans taken out by students to cover tuition fees and other expenses related to their studies. Graduate debt can be significant, with some students leaving school owing tens of thousands of dollars. The amount of debt a graduate incurs depends on various factors such as the cost of attendance at their institution, financial aid received, and personal finances. Repayment of this debt typically begins six months after completing one's education or dropping below half-time enrollment.