02.04.10 | Financing an Expensive Graduate Degree
When it comes to financing graduate school a lot of students wonder if it is better to choose a lesser-know inexpensive school or a more well-known expensive school. Although this is completely a matter of opinion, there are a few justifications for going to a graduate school with a higher pricetag.
1: Your workplace might have a tuition reimbursement program: If you are going to graduate school while you are working you may be able to take advantage of tuition reimbursement benefits. This means that your employer will pay for you to take classes as long as they are relevant to your field and could help you in your job.
2: Graduate students can qualify for more federal financial aid: Stafford loan limits are a lot higher for graduate students than they are for undergraduate students. In fact, the lifetime aggregate Stafford loan limit is $138,500 for graduate and professional degree students.
3: You may be able to take advantage of income based repayment: Most students coming out of graduate school have loans to pay off. If your monthly loan payments are very high after graduate school you may qualify for income based repayment.This plan helps borrowers keep payments low with caps based on their income and family size. If a borrower still has a loan balance after 25 years it is forgiven completely.
ScholarshipPoints Bonus Code: GRADTUITION
The Student Loan Help blog is sponsored in part by:
credit restoration…
I only wish that I had discovered this website a long time ago….
March 5th, 2010 | #
This is my life.
March 3rd, 2010 | #
Great information! I hope I remember all this for my college career. Thanks!
March 3rd, 2010 | #
Very helpful!
March 2nd, 2010 | #
i will make to remember this
March 2nd, 2010 | #
good to know if i decide to go to grad school!
February 26th, 2010 | #
I'll keep this information in mind! Thanks!
February 26th, 2010 | #
wow forgiven after 25 years….maybe we should keep postponing it
February 25th, 2010 | #
this is a very helpful article… thank you.
February 22nd, 2010 | #
very useful!
February 20th, 2010 | #
thanks for the advise
February 16th, 2010 | #
very helpful
February 15th, 2010 | #
will definitely utilize the tuition reimbursment program
February 15th, 2010 | #
When I do finish college I will remember this!
February 13th, 2010 | #
I think it is a great idea
February 12th, 2010 | #
good to know
February 11th, 2010 | #
i did not know graduate students qualify for more federal financial aid than undergrads.
February 11th, 2010 | #
cool beans
February 11th, 2010 | #
Great informational article. Wish scholarships or grants were easier to come by.
February 11th, 2010 | #
Nice article, just wish there were more options list. It would also be nice if more companies offered tuition reimbursement – it would help alot with my upcoming graduate courses.
February 11th, 2010 | #
I would like to learn more about companies paying off student loans. Are there corporations who advertise this benefit as part of an employment package?
February 11th, 2010 | #
When I do finish college I will remember this!
February 11th, 2010 | #
yes that is true but it will be helpful if the workplaces assist bit when one is furthering his education
February 11th, 2010 | #
I think the tuition reimbursement is a great thing for college students that will be going into a healthcare major because most places will participate in this program. It is wonderful how some companies will pay for your education. I did learn a lot about the income based repayment on a loan. That is great to here that the loan companies have a repayment option like that. It takes the stress off of wondering how you will pay back your loans if you can’t make enough money in the begining of your job.
February 11th, 2010 | #
Paying to attend a university is a scary thing to think about since now I am fully covered by financial aid in a junior college, and I know the cost of attendance is soo much more anywhere else.
February 10th, 2010 | #
Sad a person trying to become more educated has to struggle with the expensive tuition of grad school.
February 10th, 2010 | #
These are great tips for me to look into for grad school. Its such a pain having to come up with all that money.
February 10th, 2010 | #
Thank you for the help, any bit helps when it comes to paying for school!
February 10th, 2010 | #
wow I hope I dont have to deal with too much debt.
February 10th, 2010 | #
this is really helpful and thanks for the information that yous bring us
February 10th, 2010 | #
You should also apply for graduate teaching assistantships
February 10th, 2010 | #
In this economy students should not expect any assistance from their employer, if they get it, consider it a blessing. Most likely loans will be involved and my opinion is the better name university is worth the money. After all, most people come out with the same education but its the name that will get you the job.
February 10th, 2010 | #
That is really neat that a workplace might assist you in furthering your education! great deal.
February 9th, 2010 | #
What an eye opener!
February 9th, 2010 | #
im going to be 43k in the hole soon
February 8th, 2010 | #
I did not think of considering a college with that point of view
February 8th, 2010 | #
There has to be a better way than taking out more loans!
February 8th, 2010 | #
that is so true that many student have to work to pay their colleg
February 8th, 2010 | #
that is so true that many students have to work and pay college
February 8th, 2010 | #
WHOA!! I did not know this.. this is really helpful to know. I’m glad some buisnesses do this
February 7th, 2010 | #
The tuition reimbursement benefits is a great idea. It’s hard enough for students to pay their way through college without having a job, but jobs take so much time and attention. I agree with Alex.
February 7th, 2010 | #
wow college is going to be hard
February 7th, 2010 | #
wow college is going to be a lot of work
February 7th, 2010 | #
yep a lesser known college will be less expensive and you may play a role in making it a well known college when you graduate there and become well known yourself!
February 7th, 2010 | #
i’ts hard to pay for college
February 7th, 2010 | #
This was very helpful, I wish my college had tuition reimbursements.
February 6th, 2010 | #
This helps, especially since I don’t qualify for financial aid.
February 6th, 2010 | #
This was so helpful. Thank you for all the great information. I am debating on a small private school or a larger public school.
February 6th, 2010 | #
I hope I won’t owe too much… but this information is actually really helpful!
February 6th, 2010 | #
Cool, I didn’t know that.
February 6th, 2010 | #
I wish that I find a job that provides tuition reimbursements
February 6th, 2010 | #
sweet! Wow great stuff.
February 6th, 2010 | #
It saddens me that we want to earn a degree but we are left in debt. Look at the economy right now, the unemployment rate. Is it worth it if later we cannot find a job? I sure am going to try!
February 6th, 2010 | #
It saddens me that students want to work hard and graduate but are left with so much to pay. Look at the economy right now, the unemployment rate. Is it worth getting a degree? I sure want to but I do not want to be left with the debt.
February 6th, 2010 | #
I never knew that your job could reimburse you for college. Thanks for the tips!
February 5th, 2010 | #
A more expensive graduate school may equate to better facilities in specific areas of interest such as a robotics research lab for graduate students studying that subject. Views and decisions regarding graduate schools should depend on affordability, potential for financial aid, quality of education, interests, long-term goals, etc.
February 5th, 2010 | #
This is good to know.:)
February 5th, 2010 | #
Good, i see it not only depends on opinion
February 5th, 2010 | #
It was interesting about the tuition reimbursement thing. I’ll try to get into that to get more money. I didn’t know about this.
February 5th, 2010 | #
I’m going to try and ask my job about the tuition reimbursement. Thanks for the advice.
February 4th, 2010 | #
I think it is great that some businesses will do this because in todays society we are practically required to have a degree to get hired. We should be reimbursed for all the years of schooling we must go through.
February 4th, 2010 | #
this is very helpful thanks!
February 4th, 2010 | #
This is good to know as I have only two more years of undergraduate studies to go.
February 4th, 2010 | #
I wish my organization has the tuition reimbursement benefits
February 4th, 2010 | #
That is so true many college students still owe money
February 4th, 2010 | #