how to pay for your mba university center

How to Pay for your MBA

If you’re considering going back to school to get a master’s degree, law degree, or MBA, you might be looking into student loans to help pay tuition — especially since many graduate programs cost $50,000 a year or more. Yikes!

This is a choice to not take lightly. Taking on debt of this magnitude (possibly on top of undergraduate loans you’re still paying off), will affect your finances for years to come. So, if you’ve done your research and know that grad school is the best way to advance your career, let me walk you through the ways that grad school loans differ from undergraduate loans.

Online MBA Report

The Value of an MBA, Then and Now

Despite reports of historically high student loan debt and fresh graduates struggling to find work, a four-year degree has never been more valuable than it is today and an advanced degree lowers the unemployment rate even further. This is especially true when it comes to employment stability. While people in just about every industry will likely reap the benefits of holding an advanced degree, MBA’s enjoy even greater stability and higher salaries than professional degree holders do.

Best Colleges & World Report 2016

Find the Best College For You

  When selecting a University or College for your Bachelor or Master’s Degree, it is critical to understand that the quality of the University or College is very important when employers assess the value of your education and degree.  In addition, it is equally important to realize that there are vast differences in the quality…

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Ronald Yeaple, a contributor, studies and writes about the economics of earning an MBA degree. In the following blog, he expresses his opinions of earning an MBA and if it can be beneficial.

Opinions expressed by Forbes Contributors are their own.