You’re hungry, passionate, and committed to pursuing an MEd degree. And you know that what you learn will benefit you and your students greatly. But the questions, concerns, and doubts start to emerge: Can I really do this while working full-time? Does online make sense? Can I afford it?
We believe, yes – to all of the above! While it’ll take some time to get used to balancing work, life, and school, we know you can do it. Money, however, sometimes falls in a separate category outside of motivation and planning. But money doesn’t have to be the reason you pump the brakes on your educational investment.
Every institution understands that affordability is top-of-mind before, during, and after the application process. Yet, provisions of resources to lower the cost of tuition are often scattered and sometimes non-existent. That’s why we created this guide: to share with you the many options and opportunities available that could help you better afford your tuition.
Between scholarships, grants, and options you may not yet know about, there are plenty of ways to make your education more affordable.
Obvious, right? Take this note as a gentle reminder. Start with the most obvious source of funding assistance: scholarships from your desired college of choice. Scholarship opportunities vary greatly among colleges, so make sure you have the latest-and-greatest information on what’s available along with any deadlines or requirements in order to qualify.
Pro tip: For the most up-to-date info and scholarship availability, we recommend you speak directly with your admissions counselor. The university’s website is a great resource, but be warned: Information on websites may update later than when the updates actually occur!
Many school districts and schools provide financial support for employees in their pursuit of a qualified master’s program. And it makes sense. For one, by supporting teachers in this endeavor, school districts can better retain great teachers on staff. And two, why wouldn’t schools want their teachers to continue enhancing their skills?
Pro tip: If you’re not sure if your school supports tuition reimbursement, connect with Human Resources or your supervisor and ask. Here are a few tips:
Loans, grants, FAFSA, terms and conditions.. sounds like a recipe for stress. But fear not! When you apply to schools, you should expect to be assigned a professional financial aid counselor who will advise you on the process. These counselors are dedicated to answering questions about the opportunities available to qualifying students.
Pro tip: Make sure you bring up these talking points.
External scholarships, sometimes referred to as “outside scholarships,” are not just for undergraduates! You may be pleased, and surprised, to know this: There are many scholarships out there to help prospective graduate students and/or currently enrolled graduate students pay for their degree.
Here’s an assortment of what has been offered in the past. Please note, there may have been changes since this information was compiled, and each one includes specific terms and conditions not listed here.
In addition to simply Googling terms specific to you and your interests, take a look at scholarships.com and fastweb.com, among others.
Scholarships, grants, and reimbursements aren’t the only ways students can make their graduate degree more affordable. Some students consider the additional ideas listed below, depending on their preferences, needs, and circumstances.
Ultimately, how you choose to fund your education is a personal decision. Make sure to leverage your school’s financial aid counselor if you need clarification or further information on your options.