Paying for Graduate School Without Going Broke With These Options
6/24/2019 by HIGHERGRAD
Very few people can say that they graduated from grad school completely debt-free. The vast majority of folks simply try to figure out how to pay for graduate school without going broke.
Graduate school is not for everyone. For those where it makes sense for your career, it can lead to tremendous opportunities. Where people get into trouble is when they start to decide how to pay for grad school. Paying for graduate school has similar challenges like you may have faced when deciding how to pay for your undergraduate degree program. Yet there are also many more creative ways to pay for graduate school that were not available to you for your undergraduate degree.
Broke-Free Options for Paying for Graduate School
There are a few ways to get through graduate school entirely debt-free. However, debt-free grad school is more the exception rather than the rule. Many who pursue graduate studies are only looking to keep their head above water by not going broke while paying for graduate school.
Here are six ways how to pay for grad school that minimizes additional college debt and enables you to keep some money in your pocket. None alone are going to keep you broke-free but a combination of options can drastically reduce your financial hardships in graduate school.
BONUS Tip - Once you are in graduate school, consider saving money by buying used textbooks or renting them for the semester. Many times you can also sell back textbooks you have purchased via online retailers like eCampus Textbooks. A great way to save money and even get a little back after each semester.
How to Pay for Graduate School Without Going Broke?
It is not impossible to get a graduate degree and to not go broke at the same time. There is no single golden-goose when it comes to paying for graduate school. It takes many creative ways to pay for graduate school.
Combining more than one of the six options above will get you your grad degree without making that whole in your wallet any more larger. Search for assistantships, scholarships and grants, programs with shorter completion time, and even work a part-time job are all great ways to reduce your financial burden. These ways on how to pay for grad school are not the only ones to consider. They are the most commonly used but the bigger tip for graduate school success is to think outside the box. Be sure to look at all options for paying for graduate school and get yourself that advanced degree.