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 spring-summer 2016, trying to afford graduate programs from 18k a
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, and how should I pay for it? Thanks!
assistant