Is graduate school worth the financial investment? This is a question asked by every prospective student, and there are many different ways you can get a return on investment. It could be a promotion, or increased subject matter expertise, or a pay raise. It could also be the entry to a new career. While there are many avenues for ROI, what are some sound funding options to help get you there?
Check out our list of options to finance your online Master’s in Political Management degree at the George Washington University.
Graduate students within GW’s Master’s in Political Management online program have access to several loans to help offset the cost of enrollment. Those options include the Federal Direct Unsubsidized Loan, the Federal Graduate PLUS Loan, and the Private Alternative Loan. While all loans must be repaid, student loan payments can typically be deferred to after graduation as long as borrowers maintain a minimum number of course credits per semester.
2. Employer Tuition Assistance
Graduate students should also look into any employer tuition assistance programs with their current organization. Speak with your manager or Human Resources department to find out whether this is an option for you. Many employers pay a portion or all of the employee’s tuition as a way to retain talent, increase skilled staff, and reduce turnover.
3. Veteran and Military Resources
The George Washington University Military and Veteran Services (MVSS) is available to all veterans, dependents, and military personnel at the institution. If this describes you, you may be eligible for tuition assistance or other financial support due to your involvement in the armed forces. Financial assistance can come from the U.S. Department of Veterans Affairs, while OMVSS can also provide guidance and administrative support.
4. Work Study
Work Study programs may be an overlooked opportunity to reduce the cost of enrollment for online graduate students. However, options remain at GW. The Federal Work Study Program offers qualified students the ability earn money through work at GW departments, local nonprofits, government agencies, and community service employers. Earnings through these opportunities can be applied to educational expenses.
5. Emergency Funding
Financial hurdles, such as unpaid tuition charges, are not always planned. At GW, part-time or full-time students can apply for emergency funding to cover certain education expenses. Emergency funding acts like a traditional loan, with students expected to repay the university at a later date.
6. Online Graduate Classes
Online graduate classes can also offer avenues for cost savings when compared to on the ground programs. For example, students enrolled in on-campus courses have expenses such as commuting and parking, physical textbooks, on-campus food, and housing. Online students can complete coursework anywhere and anytime at their own pace. Many do so from the comfort of their own homes while continuing to work full time and take care of their families.
Do you want to learn more about how you can take advantage of the many different funding options within the GW Master’s in Political Management online program? Contact an enrollment advisor today! Or, visit us at our program website.
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