How do I make school fast and cheap?
September 30, 2011 12:30 AM Subscribe
So I'm taking the plunge (sort of) and starting grad school to get my Masters' degree. How in the world do I pay
posted by zardoz to education (13 answers total) 4 users marked this as a favorite
I have a degree in English Literature and have spent the last decade or so in a quasi-teaching profession. I have decided to get a Master's degree in Education, along with my U.S. teaching certification, and I have just now begun the online courses with a respected American university.
The cost ain't cheap; all together it will cost me about (very rough to keep things simple) $30,000. I work full time but I don't have $30,000. I have enough that I could pay for just one class per quarter, four classes a year, but at that rate it would take me around six years to graduate. I am currently just taking one class, and can pay for it out of pocket, but I don't think this slow pace is a good idea for professional reasons, if nothing else.
I don't want to take out a loan. I don't want to, but I feel that eventually I will have to. It will be through my university, which in turn is through Fanny Mae/Freddy Mac. My fear is that I will be saddled with that debt for years to come. But, if I take the loan and finish the degree relatively quickly--within about two years--I will be much more likely to get a job and pay back the money quickly.
So I feel like I have two lame options: go through school at a snail's pace but accrue no debt, or go through at a healthy pace and be in the red in an eyeblink. Is there some other strategy I can employ? Anyone want to give me $30,000? (hey, it's worth a shot).