Are you considering grad school to further your academic credentials and position yourself with better job opportunities in a few years? There are some things you should know. Heavy student debt will likely be in your future—your debt load might eclipse $ 150,000 thanks to grad school expenses. This kind of debt load can delay key life milestones, including home purchases, marriage and having children.
It’s important for you to evaluate why you want to attend grad school. Graduate degrees in law, science and medicine are necessary stepping stones. Personal enrichment is a valid reason to take on the grad school experience. Keep in mind that graduate degrees in business and technology present opportunities to hone skills and change career direction.
You may decide that your precious time is better spent traveling the world or starting a business, but if graduate school is the conclusion you’ve reached, there are ways to minimize costs. Consider looking for a one-year program, seeking out funding opportunities, working while in school, working before going back to school, thinking like a salesperson and asking for employer support.
To learn more about what it takes to attend grad school and how to minimize costs, check out the infographic below!