Despite the fact that graduate school can earn you more money in the long run, many people are foregoing additional education because of the fear of taking on massive student loan debts. It’s a legitimate concern. You can never bankrupt student loans, and no one tells you when you sign up for them at the ripe old age of 18 that you are going to be paying more than your mortgage for your education for at least a decade after graduation. That’s if you can find a job that allows you to afford both. Graduate school is expensive and it’s only getting more expensive. So how can you make it work?
Graduate students are important to our nation and to our economy. We need an educated population to remain competitive in the global marketplace. Unfortunately we just aren’t funding these types of studies like we should be, and that has led to outsourcing, indebted public servants, and a general feeling that maybe education isn’t worthwhile after all.
But there are several companies that are helping their employees achieve higher education. AT&T pays employees up to $25,000 for graduate student expenses. Bank of America will pay up to $5250 for job related courses for employees. Best Buy will pay up to $5250 toward the cost of graduate studies, while UPS will pay that amount per year with a lifetime maximum of $25,000. Companies like Walmart, Wells Fargo, Verizon, and Disney also help employees pay for the cost of graduate school expenses. These are all companies that understand the value of nurturing an educated population when it comes to remaining competitive in the global marketplace.
There are a lot of entry level jobs that require a Master’s Degree just to get your foot in the door. You want to be an archivist or librarian? Master’s Degree. You want to be a social worker or mental health counselor? Master’s Degree. Unfortunately these are jobs with very low starting salaries, so unless you are doing some serious planning to pay for it, it’s going to be out of reach for most people financially.
But do we really want a world without librarians and social workers? What can be done to lessen the burden for these civil servants? Learn more about the war on grad school and how to make it work from this infographic. Are you ready to figure grad school out?
Source: Masters Programs Guide