Paying for Graduate School

Consider these smart strategies.

1. Get Your Boss to Pay:

Many companies looking to boost their collective skill set without bringing on a new hire are willing to sponsor all or part of an employee's graduate schooling through tuition reimbursement.

2. Secure a Scholarship:

Graduate programs typically award scholarships and fellowships based on merit. It's going to vary from school to school and where that particular student sits in that applicant pool.

3. Work for the School:

Research and teaching assistantships generally cover at least part of tuition and pay a periodic stipend in exchange for research or classroom instruction.

4. Borrow Smart:

            Chances are you'll need to borrow at least part of the tab.  Make sure you make the right move.

5.  Take Your Credit:

You will want to see if you qualify for the federal Lifetime Learning Tax Credit, which allows individuals to subtract up to $2,000 annually from their tax bill.

Additionally:

1. Stafford Loan Information

You will want to see if you qualify for the federal Lifetime Learning Tax Credit, which allows individuals to subtract up to $2,000 annually from their tax bill.

2. Graduate Plus Loan Information

It's a federally guaranteed loan that can be used to cover the full costs of graduate school, including reasonable living costs.

3.  Perkins Loan Information

A federal Perkins loan is a low interest (5%) loan for undergraduate and graduate students with "exceptional" financial need.

4.  Scholarship Search Sites

Low cost is good.  Free is better.

5.  Grants by field

            Chances are you'll need to borrow at least part of the tab.  Make sure you make the right move.