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How is everyone funding graduate study right out of undergraduate study?


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Posted

Situation:

I am 22 years old. I have 40,000 in undergraduate loans and I would like to go to graduate school. I have ~ 3.4 cumulative gpa from undergraduate study with two internships and one research project. Being that I have a high loan amount, I have decided to work right now in which I got fortunate and found a job immediately following graduation.

I am living at home so I do not pay rent and each month I put $1000 towards loan repayment. I have already taken the GRE and have started to get back in contact with old professors. I would like to enter graduate study in Fall 2012 but to be completely honest I have no idea how I am going to pay for it. Every single MS program I have looked at virtually receives very little funding. Is the solution just to wait longer and then enter school or take night classes?

Posted

Situation:

I am 22 years old. I have 40,000 in undergraduate loans and I would like to go to graduate school. I have ~ 3.4 cumulative gpa from undergraduate study with two internships and one research project. Being that I have a high loan amount, I have decided to work right now in which I got fortunate and found a job immediately following graduation.

I am living at home so I do not pay rent and each month I put $1000 towards loan repayment. I have already taken the GRE and have started to get back in contact with old professors. I would like to enter graduate study in Fall 2012 but to be completely honest I have no idea how I am going to pay for it. Every single MS program I have looked at virtually receives very little funding. Is the solution just to wait longer and then enter school or take night classes?

I'm not sure what kind of job you have, but many companies (usually large ones) will pay for their employees education. That was my main reason for applying for a job at Boeing.

Posted

1) Apply to external graduate fellowships while you are applying to grad school and you should have a better idea of your funding situation by the time you need to make your decision for grad school.

2) You can also try to get a full time position in the university where you would like to attend grad school if they allow tuition remission for university employees.

Posted

Every single MS program I have looked at virtually receives very little funding.

Is this because of your program or because of the schools you're looking at? If it's the program, are there other related programs you could look at instead? This may not be fesible if you want a phd, but if it's for better job oppurtunies alot of majors will get you to same place (ie, degrees in finance and accounting could both land you in a companies business office).

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