<p>Since there is some confusion on this thread, I will explain the differences. There are two types of post-undergrad education:</p>
<p>a) Graduate school (typically MA/PhD students)
b) Professional school (MD, JD, DVM, MBA, et al students)</p>
<p>Professional school (medicine, law, business, etc.) is usually not funded to any significant degree. While costs may be somewhat offset with scholarships, the student is still expected to shoulder a significant amount of costs and loans.</p>
<p>Graduate school (arts & sciences, engineering) is usually funded, though this is not always the case for master’s students. Such students typically have all of their tuition paid and receive a stipend for living expenses; occasionally they receive other perks like health insurance. In return for these benefits, graduate students grade papers, act as research assistants, or teach classes.</p>