Hi all,

I'm looking into various Master's programs and trying to determine how much debt I am willing to go into to afford this degree. The program I want to go to the most will be 18k a year for two years not including living expenses. I would qualify for graduate loans from the government for 20k a year. Luckily, my partner(unmarried) has a good job in the city of this school, so I would contribute minimally to food and rent.

With this degree, my potential earnings will be around 80-90k a year when I graduate. I currently have zero debt and will graduate in December with 7k in savings. I plan to work in the spring as much as possible to save money for tuition. I am hoping I can save around another 10-15k before I start school in September.

Other graduate programs range from 40k for a 1 year program to 34k a year for two years with a possible tuition waver if I do research.

How are my finances looking? Also, is it better to pay as much of my tuition as I can with my savings or keep some savings and use mainly loans?
user
Will graduate with my undergrad degree, 7k in savings, no debt, planning to work
assistant
Hi all,

I'm looking into various Master's programs and trying to determine how much debt I am willing to go into to afford this degree. The program I want to go to the most will be 18k a year for two years not including living expenses. I would qualify for graduate loans from the government for 20k a year. Luckily, my partner(unmarried) has a good job in the city of this school, so I would contribute minimally to food and rent.

With this degree, my potential earnings will be around 80-90k a year when I graduate. I currently have zero debt and will graduate in December with 7k in savings. I plan to work in the spring as much as possible to save money for tuition. I am hoping I can save around another 10-15k before I start school in September.

Other graduate programs range from 40k for a 1 year program to 34k a year for two years with a possible tuition waver if I do research.

How are my finances looking? Also, is it better to pay as much of my tuition as I can with my savings or keep some savings and use mainly loans?
user
I want to graduate with a Master's. How much debt should I take on,
assistant