SoFi Blog

If you’re thinking about going to graduate school, you’ve probably got a lot of questions – things like which program to pursue, what schools to consider, and whether to attend full- or part-time. You’re probably also wondering how to measure whether the investment in another degree will be worth it in the end.

While there are many non-monetary things to consider, like impact on professional development and job satisfaction, it’s important to keep the big picture in mind. Given the high cost of grad school (often accompanied by student loan debt), having a sense of the financial outcome the degree will provide can help you make a more informed decision about making such a big investment.

Student debt is often a key financial concern among 20- and 30-somethings, and rightfully so. Though the data still proves that higher education pays off over time, having a lot of student debt can hinder a borrower’s financial situation years into their professional life.

Whether you’ve recently graduated from college or completed a master’s or professional degree, chances are good that you have student loans to repay.

When New York City Mayor Bill de Blasio recently remarked that he was exploring financial aid options for his college-bound son, it was a sign of the times.

Refinancing student loans can be a great strategy for saving money when you’re done with school, but you can also take steps before even applying for loans that will pay off over the longterm.

However, getting accepted to an MBA program is challenging.  So much so that by the time graduate students are admitted to a program, many of them want to secure the first funding options available without pausing to thoroughly assess all the options.