If you already have a full-time job or are raising a family, going back to college isn’t easy. You might need to limit your coursework and only take one class per semester. Unfortunately, that also means you are likely ineligible for federal student aid.
If you are not in school at least half-time, you can’t receive federal loans. Many graduate schools consider either 12 or 9 credits to be full-time, so if you are only taking 5 credits in a 12-credit full-time program, you can’t get a Stafford loan. So now what?
As an undergrad would, you should start by looking for scholarships. Scholarships are the best way to pay for school because they are essentially free money. Visit Student Scholarship Search or Scholarship Points to get started. Use the code: PTGRAD.
You might also need to cover some of the costs of grad school with a private student loan. There are a number of private loans tailored to grad students. To see if you qualify, visit our private loan comparison tool.
Chances are if you are only able to go to school part-time, it’s because you already have a full-time job. What you may not know is many companies offer some form of tuition reimbursement to employees looking to advance their degree. Check with your human resources department for more information. Your employer may cover some, if not all of the costs of attending graduate school if you take classes relevant to your current field.
Finally, look into pursuing an online degree. Online degrees are typically much more flexible and budget-friendly than a traditional graduate school. For more information, visit Edvisors.com.
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