Student Loan Essential For Higher Studies In USA?

Are tuition fees for higher studies such as MBA and MS very high in US? Can it be afforded by people from middle-class background? Or is student loan absolutely essential to pay off for the course? What other ways are there to pay off the tuition fees for studying there?

thanks for the info. Anybody else can comment on this?

In a lot of cases some type of student loan is necessary to further your education in the US.  But I know a lot of people who got by with some financial aid and scholarships alone.  There are many, many different scholarships available so those should be checked out first before appyling for any kind of loan.

yes i think so.....
part time job is also essential

absolutely.. even  if u are from a rich background,  then also. because the cost is too high

cost is too high for mba anywhere, for ms it is also high in US. part time job can support you paying fees only, but there are lotta other expenditure too ... you can manage it if you get the scholarship money, that's the only option. even if you claim for a bank loan, banks are not gonna provide you an unlimited amount ... you have to keep something in mortgage if you claim for over $8000

http://business-school.exeter.ac.uk/executive/mba/scholarships_bursaries/mba_scholarships.php?gclid=CKbtlY6JoJoCFcIvpAodnFMA9g

why don't you first join some company and then continue your higher studies with the aid of company's sponsorship? it will be more helpful to you where money augments. you didn't specified your graduation stream, if you are having a science background then go for NET, you can do M.Sc. with Govt. scholarship; with Science/Arts/Commerce any background you can appear in NAT and can earn scholarship, or if you are having a B.E. degree then you can go for GATE where you can carry on M.Tech. or MS with MHRD scholarship. But studying in US will cost much higher, it's not affordable for students from middle class families.

Indeed, graduate schools in the United States can be very expensive. Here are some brief suggestions/options to consider if you are interested in graduate school but do not have the financing to afford it:

1) Work study programs. Some schools will assist graduate students with their tuition in exchange for work done in the surrounding community.

2) Federal and private student loans. The government extends loans for graduate students who cannot afford tuition for a professional education.

3) Scholarships. Graduate schools and other entities will extend partial or full scholarships to students for a variety of reasons depending on the nature and who is providing the actual scholarship.

4) Fellowships. These merit-based scholarships are provided by any number of entities for graduate students who need help paying for tuition.

5) Grants. This form of financial aid is typically sponsored by the government. Unlike student loans, grants are given to students who fall under an annual income range and are not considered a debt that must be paid back.

6) Tuition aid from employers. People working for a US company may be able to get financial aid through their employer. Recent statistics show that over 65% of all US companies offer financial aid to graduate students.

7) Assistantships. This form of aid is a stipend given to graduate students in return for their service in teaching and/or research areas for the institution.

Of course, these are all options to consider if you do not have the financial ability to afford full tuition at a graduate school. Keep in mind that depending on their class schedule, graduate students frequently take on part-time jobs to help pay for tuition as well. I hope this helps clarify what options potential graduate students have to turn to so they can get help with tuition costs and get the education they deserve!

I would like to add a slighly different point of view; I hope it helps!

I raised over £24,000 to help support me thorough my studies, with no previous experience in fundraising.

I graduated with no debt whatsoever and managed to get through college without a job or a student loan.

My fundraising paid for all my fees and maintenance costs (I lived on approx. equivalent of welfare).

I have just launched a book and website full of advice on how anyone can do the same, so please check it out and do get in touch if I can help with any specific questions about raising money for university.

My site is called Degrees For Free.

In the meantime, I'd be happy to answer any questions relating to fundraising for your education or saving money.  Just use the email address below or go to www.degreesforfree.com.

Best wishes,


Lyndi
"The Funraiser"

Author of "Free Degrees", published by The White Lion Press 2009
E-mail: lyndi@degreesforfree.com
Website: www.degreesforfree.com