Making this decision is the first step in achieving success for your preferred future. We understand the commitment is great financially but also time-wise. Thinking of graduate school as an investment in your future, will give you a perspective that will help you to move forward. Looking at the big picture will offer you the best vantage point for understanding the return on your graduate school investment.
Make sure to investigate all avenues available to you to finance your education. The key for success is to chose a payment plan that works for your budget.
According to the Bureau of Labor Statistics, the median weekly earnings of bachelor’s degree holders in 2015 was $1,137/per week, where as Master’s degree holders earned $1,341 per week. That translates in an annual salary of $59,124 versus $69,732. (Websites like Glassdoor and Payscale record updated salary scales for a wide variety of backgrounds.)
There are grants available for graduate level students. As explained on the U.S. Dep. of Education website: studentaid.ed.gov grants are need-based assistance, and scholarships are merit-based contributions to your academic investment. It takes time and commitment to research the many opportunities available by federal government, state government and non-profit organizations. Many of our PSM students have successfully received grants and scholarships helping them to finance the tuition of our program, and have qualified for some corporate scholarships our program receives annually.