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Paying for a Masters degree?


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I'm in the same position. I just got into my top choice, but I somehow spaced the funding deadline. I'm trying not to spend more than a couple of hours a day hitting my head up against a wall.

I found this thread from last year on the subject. It was helpful, though the posters all seem to be pursuing professional degrees, which can probably tolerate higher levels of debt.

Personally, I think it really dependso on how much debt you already have and how much the masters will contribute to your earning power. In my case, I'm using a masters as a stepping stone to a second graduate degree (either PhD or J.D.), so I'm really hoping not to take out more than 15,000 or so, as I already have about that much undergaduate debt. At the very least, I don't think people should take out more than they're able to earn in their first year out of school...

Has anyone looked into / had any success finding alternate means of funding? I wouldn't mind working in residence life or at the libraray or something to help defray costs. But how does one even start to look into that before the fall?

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What is a reasonable amount one should spend on a masters degree in education? I really want this degree but have no idea how much out of pocket expense I should pay? 10,000? 20,000? 50,000? more? Any insight will be helpful!

Is it a teaching degree in education or education admin/policy/research degree? My field is education as well and I would hesitate to take out too many loans for a master's degree. Do you know what the average salary is for the jobs you hope to get after you graduate? Do you have debt from your undergraduate degree? Do you have other debts i.e. credit card/car loan/etc?

Someone told me once never to borrow more than what you hope to make in the first year after you graduate. I think that is pretty sound advice.

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