How To Pay For Grad School In A Bad Economy

A graduate degree can be a great investment for anyone who wants to advance their career. However, some people have trouble coming up with money to pay for graduate school. Paying for graduate school has become increasingly difficult as many schools cut financial aid. Employers such as Boeing are no longer offering tuition assistance to their students. Fortunately, you can still pay for your education if you are willing to take the right steps.

Paying for Graduate School

You don’t need to let high tuition costs deter you from pursuing an advanced degree. Here are some things you can do to make graduate school more affordable.

Look for an Assistantship

Many schools offer a number of assistantship programs that you can take advantage of. You can help a professor grade papers or conduct research. These assistantships are offered at both online and brick-and-mortar schools.

Ask the school what financial incentives they provide. Many schools offer reduced tuition in addition to stipends.

You will need to be proactive if you want to take advantage of these opportunities. Find a faculty member who may need help and talk to them as soon as you are accepted. Teaching and research assistant positions are usually in high demand and there won’t be many left if you hesitate.

Apply Early

You want to make sure that there is going to be plenty of financial aid available when you apply for school. The students who apply early on will typically get much more aid than those who wait until the week before the application deadline. Try to put your application in as early as possible.

Find Out About Scholarships

A number of scholarships are available to graduate students. Research what scholarships are available to you and apply to everything that you are eligible for. Scholarship opportunities tend to go quickly, so you should apply for them long before you commit to attending graduate school.

You may be eligible for graduate scholarships based on:

  • Your undergraduate academic performance
  • The type of school you attended
  • Membership in certain organizations

You should talk to a graduate admissions representative or somebody who is familiar with the program you intend to study. They can give you more information on the types of scholarships that are available to you and offer tips on how to secure them.

Consider a Tuition Waver

Many schools offer tuition waivers to students who are having trouble paying on their own. You can contact the school and explain your circumstances. Schools want to compete for highly qualified graduate students who have proven themselves during their undergraduate careers. Find out if you are eligible for a tuition reduction and take advantage of it.

You Can Afford Graduate School in a Bad Economy

Many people are worried that they can’t afford to attend graduate school in the current economy. At the same time, they realize that attending graduate school may be essential to advancing their careers. Fortunately, there are a number of ways that you can pay for school if you take the right steps.

About the Author: Kalen is an education writer who talks about different educational opportunities people can take advantage of. He encourages you to click here to learn more about an online dnp degree.