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How am I supposed to afford graduate school?

If most people have to get #loans for undergrad, how do you pay for grad school? do you just have to take out loans? #graduate-school #financial-planning #school

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Gaurav’s Answer

A few options:
1) If you go to grad school while working full-time (i.e. evening or part-time program), sometimes your employer will pay for all or a portion of your tuition and even offer stipends for books or other expenses. Check with your employer.
2) There are many scholarships that you can apply for directly based on your unique situation (i.e. scholarships if you are part of a certain ethnic group, if your family served in the military, if you are a working parent, etc). Take time to research, there is a lot of scholarship money that goes unclaimed and can be as simple as filling out an application and writing an essay on why you are deserving of the scholarship.
3) Check with your school's financial aid office. There could be federal grants and loans.

Hope this helps!
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Abby’s Answer, CareerVillage.org Team

Hi Phoebe! I’m sorry no one’s answered your question yet. We're working hard to get it answered by Professionals with the best insights, but in the meantime I've included a link to a relevant Q&A here on CareerVillage.org that should be super helpful for you to read through.


Ivy asked: How did you pay for graduate school?, and one of the Pros who answered it said:


Depending on the school and whether you chose to pursue a Master's or PhD program, there are scholarships, research internships, teaching assistantships, and fellowships that can help cover the cost of grad school. I found out about scholarships and fellowships through my mentors and also by contacting individual schools. I found that the best way to learn about grad school opportunities was by contacting the individual schools and specific departments that you may be interested in. Not all available opportunities are posted on a program's website...


Click the question to read more of what this Pro and others had to say!


Good luck! 

Abby 

Community Management Intern at CareerVillage.org
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Victoria’s Answer

Hi Phoebe. I worked for a great company and only had my Associates Degree. My company paid for me to go back to school to get my Bachelors degree. Think of interning or working part-time with a good company, most are willing to assist with further education as long as it applies to the job.
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