What will be the financial cost to complete the W-TEMP program in the next two years?
About $12,000 in tuition fees plus the cost of textbooks, travel to Saturday seminars, and two five-week summer sessions.However, your actual cost will be $0 if you apply for a graduate student loan and then use a portion of your additional salary you will receive in year three of teaching to begin repaying your loan.As a graduate student enrolled in 6 hours beginning spring semester of 2009, you can obtain a loan of $8,000 or more each of your two years in the program. You will not need to begin repayment until January of 2011. In your third year of teaching with a Master’s Degree, you will receive at least $3,000 more each year than you would without a Master’s Degree. If you then made payments of $200 per month on your loan, you would still have additional money to spend you would not have had without your Master’s Degree. In addition, you can claim all of your graduate education expenses for deductions from your income tax. Thus, in reality, you will not have to spend any extra mon
