How did you pay for your Grad School?

Got a full tuition waiver and stipend for being a RA and TA. Only way to go. Haha!

Do you know that if your employer pays for your professional grad school tuition, you may be contractually obligated to continue working for the place or reimburse the $$ if you leave? Always read the fine print. Mr. B paid for his MBA out of pocket for this specific reason.

A timely article in The Atlantic:
The Ever-Tightening Job Market for Ph.D.s
http://www.theatlantic.com/education/archive/2016/04/bad-job-market-phds/479205/

I had a small inheritance from a maiden aunt when I began grad school (a two-year program) but in my second year I got a TA position and a small stipend. Also I was married by then so DH’s job paid the rent. I did take out a student loan at something like 5% interest, which worked well because in those days (1980 - 81) one could earn interest in the teens from CDs and such. So basically I made a profit.

Boy, times sure were different then.

We saved all our graduation gift money. We shared one terribly old car – so old that the door actually fell off on the NJ turnpike when I was driving it — and when that happened, an elderly relative gave us hers. DH worked full time, I worked and went to school. Lived in a cockroach/mouse-infested studio apartment where we could hear cries for help and gunshots at night. I double-loaded classes so I would finish early. We ate lots of mac and cheese and our luxury item was window shopping at malls or driving to the Jersey shore an hour away, because the beach is (mostly) free. The beach is the only part I remember fondly. At one point the alternator in the car died, and cost us $225 to fix and I vividly remember my MIL telling us it would be fine, we would learn to “economize”. We didn’t eat lunch for about two weeks to pay the mechanic back. MIL/FIL bought a boat and a summer house during the same basic time period.

My parents paid for my JD. Most JDs and MDs not paid for by parents are borrowed in full.

Kid got part of her MD degree funded… but she is a research slave now. :slight_smile:

Here is one of such funding opportunities:

https://www.nigms.nih.gov/Training/InstPredoc/Pages/PredocOverview-MSTP.aspx

Our D. choose the tuition free option for her college, so we offered to pay for her Medical School to show appreciation for her hard work earning the college Merit award and wise decision choosing the college that offered a high award.

I’m guessing a JD is a kind of Bachelor’s Degree. I was asking about a Master’s Degree.

“I’m guessing a JD is a kind of Bachelor’s Degree. I was asking about a Master’s Degree.”

I am sensing a creature that lives under the Aurora bridge… :slight_smile:

A JD is a law school degree.

OP what kind of graduate work do you want to do? What is end goal? Masters programs vary from those that you will likely be full pay - like law or MBA to those that are funded through graduate assistantships (not as often as PhD programs though) or those that are somewhere in middle. In some fields you just don’t find a lot of terminal masters programs as the norm.

D is getting masters at good school. Full tuition scholarship, plus stipend plus work study. She also has some savings from undergrad. She had full ride as UG so we don’t mind helping with living and some travel costs since we paid nothing for her undergrad.

Daughter is currently in a Masters program that she went into right out of college. She gets tuition covered plus a small stipend, the same as PhD students get, because she is a TA for an undergrad course in her department. She covers the rest of her expenses from savings and with modest student loans.

DH and me, back in the dark ages, both enrolled in fully funded programs. Neither relied on parental support, and DH actually saved enough money in grad school to repay his parents for his undergrad degree. Me, not so much!

D3 finishing MA degree with partial funding in a week and a half. Her undergrad was fully funded, so we were happy to pay for her grad program.

D2 entering a funded MA program in the fall. Her expectation, as someone who has been supporting herself for a couple of years since graduation, is to cover all expenses herself. Her funding covers tuition and some support, but she will need another part time job to make ends meet.

I worked full time and took classes at night to earn my MBA, for which my employer paid. I was placed under no obligation. D1 earned her MSE the same way. Her employer did not require X yrs. continuing service in return for paying for grad school at that time, but they now require one year of additional (fully paid) employment for each year of grad school. If someone wants to quit before their time is up, they have to reimburse the company. Dh’s employer offers the same benefit now.

D worked for one year before Grad school. She is in a fully funded +stipend PhD, with MA along the way.

She is also sought out for editing and formatting books for may profs at her school, for which she is paid handsomely and gets credited in those books.

She also has medical and dental, and contributes to her retirement acct. monthly.

I was fortunate and my university awarded me a full scholarship plus stipend for my MPA.