Does it pay to take out a student loan for a graduate degree?
According to 2000 statistics from the U.S. Census Bureau a person with a masters degree can expect to earn $55,300 per year. Those whose education stops at the bachelors level can expect to earn $46,300 per year. Holding a masters degree may, on average, raise your income $225,000 over a 25-year career. Clearly, spending between $18,000 and $21,000 on a distance masters degree, in return for $225,000 more in lifetime income, makes a masters degree a good investment.
