Student Financing of Graduate and First-professional Education PDF Download

Author:
Publisher:
ISBN:
Category : Professional education
Languages : en
Pages : 112

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Author: Sandy Baum
Publisher:
ISBN:
Category :
Languages : en
Pages : 16

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Thirteen percent of adults in the United States ages 25 and older hold advanced degrees -- master's, doctoral or professional degrees. The first brief in this series reported that bachelor's degree recipients from low-income households are less likely than other graduates to pursue advanced degrees and are less likely than students from more affluent backgrounds to complete them. High tuition prices and living expenses may provide one explanation for these unequal outcomes. This brief examines how students finance their graduate and professional education. It summarizes the sources of funds used to cover the tuition and fees universities charge, as well as living expenses. Institutions set a “cost of attendance” (COA) for students, estimating the average budget for one academic year (fall through spring). COA includes tuition and fees, books and supplies, room and board, transportation, and other living expenses, and it establishes the maximum amount students can borrow in federal student loans to attend a particular school. These official budgets serve as the foundation for the discussion that follows about how graduate and professional degree students pay for their education. It is critical to understand that COA is subjective. Since most graduate students do not live in campus housing, actual living expenses depend on local prices for food and housing, as well as the lifestyle choices students make. As the data below reveal, the budgets institutions set for graduate and professional students are frequently quite generous relative to budgets set for undergraduate students and living standards set by the federal government. Many students use earnings from employment and federal loans to fund their graduate and professional education. But financing patterns differ a great deal across and within types of programs. This brief explores these patterns by describing average budgets for graduate and professional degree students and the funding sources used to cover these budgets.

Author: United States. Office of Education
Publisher:
ISBN:
Category : Graduate students
Languages : en
Pages : 28

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Author: Susan P. Choy
Publisher:
ISBN: 9780160416866
Category : Education, Higher
Languages : en
Pages : 95

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This report profiles graduate and first-professional students enrolled in postsecondary institutions in 1989-90 and describes their education expenses, the sources and types of financial aid they received, the composition of their aid awards, and the availability of other sources of financial support, such as their own and spouse's earnings and savings and assistance from parents and friends. Chapters provide profiles of graduate and first-professional students, describing the institutions they attended and selected; the costs related to enrollment in a graduate or first-professional program; discusses the various sources and types of financial assistance used by graduate and first-professional students; provides information on the composition of student financial aid awards; and looks at sources of student financial support beyond financial aid. Among the findings are the following: (1) in 1989-90, 2 million students were enrolled in master's degree, doctoral degree, or other graduate programs, and an additional 300,000 students were enrolled in first-professional degree programs; (2) average total expenses for full-time graduate and first-professional students were $15,290; (3) overall, 45 percent of all graduate and first-professional students received some type of financial aid; and (4) 23 percent of students receiving family support (including their own savings and earnings) received it from parents or other relatives, and 13 percent from a spouse. Appendices contain a glossary and technical notes. (GLR)

Author: Minnesota Higher Education Coordinating Board
Publisher:
ISBN:
Category : Education, Higher
Languages : en
Pages : 52

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Author: Susan P. Choy
Publisher:
ISBN:
Category : College students
Languages : en
Pages : 34

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This booklet summarizes findings from the National Postsecondary Student Aid Study, concerning graduate and first-professional students. The booklet's introduction indicates that, of the 2.8 million postsecondary students enrolled in 1995-96, 56 percent were enrolled in master's degree programs, 12 percent in doctoral programs, 12 percent in first-professional programs, and 20 percent in nondegree programs. The next section provides more detail on master's degree students, breaking down enrollments into the following categories: business administration (where 51 percent of students received financial aid); education (where 41 percent received aid); and arts or science (where 58 percent received aid). The section on doctoral degree students notes that 70 percent were in Ph.D. programs, 12 percent in Ed.D. programs, and 18 percent in other doctoral programs. This section notes that while two-thirds of Ph.D. students received financial aid, relatively few Ed.D. students received financial aid, reflecting the predominantly part-time enrollment and full-time employment of ED. students. The section on first-professional students notes that 74 percent borrowed money to finance their education an average of $47,700 for law students and $55,900 for medical students graduating in 1995-96. Data are presented in 10 tables and charts. (DB)

Author: Stephen Joseph Williams
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 268

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Author:
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 130

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Author: Peter Diffley
Publisher: The Princeton Review
ISBN: 9780375764226
Category : Education
Languages : en
Pages : 228

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"Graduate school enrollment is up significantly and more students than ever need help figuring out how to finance their education. It's more expensive than undergrad, and most students can no longer count on mom and dad for financial support. Paying for Graduate School Without Going Broke, now in its second year, advises students on how to get the aid they need to attend the schools they want. With our exclusive EFC calculator and FAFSA Worksheet, we give expert tips on increasing student-aid eligibility, and our experts show how to find hidden funding resources."

Author: Patricia McWade
Publisher: Peterson Nelnet Company
ISBN: 9780878663316
Category : College costs
Languages : en
Pages : 12

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