Financing Graduate School

mol10e
Wed, 08 Dec 2004 22:19:24 +0000

Momrath I think the last posting is most relevant to your question. Funding at the graduate school level is rarely need based, so parent’s income plays little part in securing financing for graduate studies. Many graduate students receive tuition waivers and monthly stipends doing work as research and teaching assistants. A minority obtain fellowships which do not require work hours in return for the stipend. Professional training programs in law and medicine offer limited financial aid, so loans are the order of the day. I would be very clear with my child regarding what I would and would not be willing to spend in support of their graduate education as that will surely be a factor in their choice of a graduate program.