1.Roadmap to Evaluating Graduate School as an Investment of Money & Time
2.Researching your Career Path
3.Choosing your Degree Program
4.Selecting your Institution
5.Financing Graduate School with Loans
G O A L S
▪Provide insight into how to determine whether graduate school is worth the cost
▪Discuss ways to finance graduate school, including whether private loans would be appropriate
|Podcast||Wall Street Journal||Is Graduate School Worth the Price?||https://podcasts.apple.com/us/podcast/the-journal/id1469394914?i=1000529013786||A WSJ podcast episode that explains why some graduates of elite universities seem to have low post-school earnings and struggle to pay back their student loans.|
|Article||Wall Street Journal||Is a Graduate Degree Worth the Debt? Check It Here||https://www.wsj.com/articles/is-a-graduate-degree-worth-the-debt-check-it-here-11626355788?mod=searchresults_pos10&page=1||WSJ built a tool where you can enter the graduate program you want to pursue and compare the debt-to-income ratios of all of the schools that offer that program in the US for which there is sufficient data.|
|Article||Wall Street Journal||Graduates of Elite Master’s Programs Don’t Earn Enough to Pay Down Loans||https://www.wsj.com/articles/graduates-of-elite-masters-programs-dont-earn-enough-to-pay-down-loans-11625838158?mod=searchresults_pos19&page=1||Four key takeaways on why some graduates of elite master’s programs have difficulty repaying their student loans.|
|Article||Wall Street Journal||‘Financially Hobbled for Life’: The Elite Master’s Degrees That Don’t Pay Off||https://www.wsj.com/articles/financially-hobbled-for-life-the-elite-masters-degrees-that-dont-pay-off-11625752773?mod=searchresults_pos1&page=2||An in-depth investigation into the master’s programs at some of the top universities in the US and the graduates who fear they won’t earn enough to pay off their six-figure loans.|
|Article||ABA Journal||This law school had the widest gap between student debt and graduate earnings||https://www.abajournal.com/news/article/this-law-school-had-the-widest-gap-between-student-debt-and-graduate-earnings||An analysis of the debt levels law school students assume and their ability to begin to repay that debt 2 years after graduation based on their earnings.|
|Article||The Chronicle of Higher Education||The Great Masters Degree Swindle||https://www.chronicle.com/article/the-great-masters-degree-swindle||Examines the business motivations behind masters degrees for higher education institutions, which lead to high debt and low earnings for many masters degrees.|
|Article||The Atlantic||A Crimson Tide of Debt||https://www.theatlantic.com/ideas/archive/2021/08/public-universities-debt/619546/||Analyzes the steeply rising costs of public universities using the University of Alabama as a case study and the mounting debt they require students to take on regardless of earnings post-graduation.|
|Article||CNBC||Is a master’s degree worth it?||https://www.cnbc.com/2021/08/13/is-a-masters-degree-worth-it.html||Investigates under what conditions master’s degrees are worth the investment through a series of individual case studies.|
In partnership with the national nonprofit, Change Machine, Scholars interested in attending graduate school will have access to FREE virtual 1:1 financial coaching.
Coaches are available to support students in thinking through how to financially plan for graduate school, navigating student loans, managing debt, and much more.
To schedule an appointment with a Financial Coach, please call the toll-free number 1-877-695-4447 and leave your name and phone number. Or click on this link (https://bit.ly/3p8l3R7) to schedule an appointment.
For Scholars planning to take out a loan for the 2022-23 academic year (including summer 2022), attending a 1:1 financial coaching session is the first step in the application process. Be sure to schedule your financial coaching session before loan applications open for the coming academic year.