Looking to Save for Grad School? Here's How

April 15, 2010 RSS Feed Print
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Free tuition helped a new school lure Xenia Tashlitsky.

Free tuition helped a new school lure Xenia Tashlitsky.

3. Apply early: Graduate deans typically like to lock in attractive candidates early, so there's often little aid money left for late applicants.

4. Consider unconventional upstarts: Investing your time and money in a program that doesn't provide a good education or impress employers is a waste. But those willing to take chances on new programs can find bargains. The year-old UC–Irvine School of Law that Tashlitsky is attending is offering half-tuition scholarships to all students entering in the fall of 2010. Penn State–Brandywine is charging just $16,000 for its three-year-old medical school preparation course with online lectures and bimonthly labs. (Tuition, plus room and board at a traditional, campus-based med school prep course, such as the one at Goucher College, costs about $40,000.)

5. Call your alma mater: A few schools, such as Worcester Polytechnic Institute and Northeastern University in Boston, offer alums discounts on some kinds of graduate classes.

6. Shop around: The University of Kansas's well-regarded graduate program in education cost Kansas residents only about $255 per credit hour last year. That's much less than similarly ranked private schools and is even significantly less than the prices in-state residents pay at other highly ranked public universities, such as Michigan State.

7. Search for in-state tuition: Some public university graduate programs make it easy for out-of-staters to pay in-state tuition. For example, residents of states belonging to an academic common market, such as the Southern Regional Education Board, can get discounts on tuition at scores of graduate programs in their regions.

8. Ask the boss: Economic troubles have reduced employers' support of graduate study. But many consulting firms, multinational companies, and government agencies still provide education benefits. And some graduate programs, such as those offered by the for-profit Capella University, offer small discounts to applicants from certain employers.

9. Search for schools with financial aid rules that match your circumstances: Most graduate programs offer scholarships based only on merit, as measured by such things as high grades and test scores. But a few dozen programs offer grants based solely on the admitted students' low incomes. Need-based scholarship programs require students to fill out not only the Free Application for Federal Student Aid but often other applications, such as the Need Access form or the College Board's Profile. In addition, many medical schools, for example, expect the parents of all students—no matter what the student's age—to contribute to tuition. Many other graduate schools, however, typically don't expect parental contributions for students who are at least 24.

10. Ask about work: The toughest and most intense professional graduate programs usually bar students from working, which means students have to fund living expenses as well as tuition. But some programs, such as the University of Nevada–Las Vegas's business school, assist students trying to balance jobs and school. "We work it out informally" with the many students who have evening jobs at casinos and the like, says Gordon McCurdy, director of UNLV's M.B.A. programs. Other graduate programs go even further and help students land campus jobs. The Georgia Institute of Technology's graduate business school, for example, offers research assistantships, which come with tuition discounts and small paychecks, to the top one third of admitted students.

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I went to www.DegreeWatchers.org and saved my son $5,000 on his Graduate degree. I thought it was a joke, but the money was reduced from tuition just for using the site as a click-through. I didn't have to register or anything! NICE! www.DegreeWatchers.org

Aaron of NY 10:05AM February 11, 2013

Education plays vital role in the success of an individualby advancing their potential to its maximum. The most impressive and complicated area mainly deals with various levels of education from the kindergarten to the post graduation and also includes the special and adult education programs.

For more information:

http://www.schoolanduniversity.com/study-programs/education

Education of AZ 6:23AM August 01, 2012

I have tried so hard working towards my accomplishments. I've maintained excellent grades, however, I have maxed out my student loans. I have three more courses to take to graduate in my master's program, however, no more funds to complete my degree. I am also living under some extenuating circumstances, which has to do with my livelihood. I cannot figure out how I reached to this peak in my life, however, I am doing whatever it takes to get out of it.

I really need to finish my last three courses. I've come so far to achieve my goal. I do not want to fail now.

Can someone please tell me what I need to do in order to finish school. I owe an astronomical amount right now in student loans. I am destitute at this time. It is an awful place to be in at this moment, however, I am still determined to continue my studies.

Cheryl of NY 2:54PM December 16, 2011

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