Most students who borrowed loans in order to attend both college and graduate school will owe approximately $57,600.00, this according to a study completed and published by the New America education policy program. When it comes to financing graduate school, it has always been challenging as most need-based financial aid programs, for example, subsidized Stafford loans, have either been phased out or eliminated altogether.
According to experts in the field, the average cost for persons attending graduate school, is approximately $30,000 annually, this includes living expenses. This is figure is based on a public university and can be even more if this was based on a private college.
However, there are other ways to attain money for graduate school instead of loans. In this article we will consider some steps that can be taken as an undergraduate before applying for a master’s or even doctoral program.