Graduate School Cost

Following a successful stint as an undergraduate, you may find that having only a bachelors degree is not the path for you. Whether this is because of an interest in going in depth in a particular field of study or obtaining a professional degree, graduate school is the right choice. As hard as this decision may be, it is only the first step. It is necessary to know how much your expanded education will cost.

The prices for graduate school tend to vary, but any graduate school is an investment. The average price of going to a law school is $30,000 and up to almost $50,000 a year for more elite schools. While this may seem like a hefty sum, a medical degree is more expensive. The median total cost for public medical institutions was nearly $50,000 a year and about $67,000 in private institutions. If business is your interest, even the most “affordable” program can cost up to $120,000 with tuition, boarding and books, along with peripheral expenditures such as mandatory trips. A less expensive graduate school option is a masters in education program. A masters degree in education from a public school costs about $30,000 a year, while a public school can offer the degree for about half of that price. Taking the math/science route, a graduate degree in engineering can cost an average of $20,000 in a public school and up to $40,000 for a top-rated program. When looking at the average costs of graduate school, it can be seen that many different factors go into the cost of your prospective degree. Programs with a chance for a higher pay off in the end, such as law and business are more expensive programs. Whether or not you choose to go to a private or public institution can be a decision that costs an extra $10,000 dollars a year in tuition.

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