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Managing the Cost of an Advanced Degree

As you start to research your advanced degree options, the cost of earning your degree may seem daunting. However, there are options available to help you.

Loans, Grants and Work Study

  • Discuss your options with the school’s admissions office and proactively seek out research and teaching assistantships. U.S. citizens attending school in the United States should be sure to fill out a FAFSA® form to be eligible for federal loans. International students also have several loan options worth exploring.

    Take a look at International Student to learn more about financing an international degree. If you are a United States citizen, take a look at Federal Student Aid options.

Scholarships

  • Many schools offer merit-based awards, and there are also a wide range of public and private organizations that offer scholarships for graduate study. Check with your school to see what they offer in terms of financial aid and scholarships (and make sure you know the application process and deadlines). Look through online databases to find ones for which you might qualify.

Tuition Reimbursement

  • Your company may be able to help pay for your degree through one or more of the following:

    • company scholarships
    • tax credits and deductions
    • tuition reimbursement plans
    • local university partnerships

Additional Resources

This collection of tips and tools from U.S. News & World Report can help you address paying for school.

See also: