Going back to school as a graduate and obtaining a masters or doctorate degree is a huge investment in yourself and your future. While it can be expensive, it will usually pay off. Having a more advanced degree and a concentrated specialization will bring you a bigger salary. But, you don’t have a grad-school level salary when you start out, so how do you get the money? Just like most other things in life, there are ways to save. This post by Katharine Paljug at Go Girl Finance has some helpful tips:
Use the Competition to Pay for Grad School: The number one thing most grad school applicants forget is that schools compete with each other. If you get a financial aid offer from one school, don’t be afraid to take that to another on your list and say “School A offered me X, what can you offer me?”
Paying for a PhD: Common wisdom when applying for PhD programs is to hold out for full funding.
Reduce Tuition Through Work Many grad schools offer work-study programs or TA-ships, which allow students to work for the school in exchange for some or all of their tuition being remitted.