5 Great Ways to Fund Your Master’s Degree

by Kaylie Phelps

For many jobs, an undergraduate degree simply isn’t enough. In some fields, an employer will not even consider your application without further education. But, while a master’s degree is clearly worth it in terms of employability and future earning potential, there’s no denying that it’s expensive. If you’ve just finished college and you are in huge amounts of debt, you might find the idea of further education terrifying. However, if you are sensible, you can fund your master’s degree without any further debt. Here are five ways to do so.

Study Abroad

In the USA and UK, a graduate degree can cost thousands. However, in many countries, studying for further education is either free or very low cost, even for international students. Scandinavian countries, Germany, France, Spain, Singapore, Brazil, and Mexico are great places to look. Many of these countries also have much lower costs of living and some even have a considerably higher minimum wage. In many cases, host countries are keen to keep talented young professionals and may even offer you a great job opportunity once you have graduated.

Study Online

There are many advantages to studying an online master’s degree, such as a masters in social work online. One of them is definitely the cost. Online programs of study can be much cheaper and have more payment options. Studying your MSW online also means you will be able to study around work without needing to take time off or reduce your hours.

Scholarships

Many people incorrectly assume that scholarships and other forms of financial aid, such as bursaries and grants, are only available to undergraduate students. This isn’t the case. Many companies, corporations, and institutions are willing to sponsor the education of post graduate applicants. Check with your college and look online to find out what is available to you.

Research Grants or Assistants

Another option for post graduate students is applying for a research grant. This would mainly apply for those looking to go into an academic or research career. The first thing you should do is check with the institution that you are applying for to see if there are any research or project grants available. You should also ask professors to see if they have positions available for research assistants. This option has the added benefit of helping you to gain some valuable work experience while you study.

Work

If you study part-time or online you may be able to study around a full-time job. This could be even more beneficial if you manage to find work related to your field of study, which could eventually lead to a well-paid position. However, any job would provide a valuable income. If you do choose to study around work, try to take time off during exam times or when you have assignments due and remember, for your master’s degree to be a worthwhile investment, you need to be committed to it. Even with these funding options, it’s important to be frugal while you are studying. Make a budget and find ways to save money or earn extra to make sure you can pay for your tuition while also enjoying yourself and having some fun.

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The Top Ways of Making an Extra Income While Studying

by Kaylie Phelps

Making money as a student is especially important to keep on top of your finances. Studying takes a lot of time out of the week and sometimes falling into a fiscal crisis as a student is often what happens to many. If you’re a student and you’re looking for ways to earn an extra income from home to help better your finances, have a look at some of the most popular ways below.

Start Your Own Blog

It doesn’t matter what your interests or hobbies are, starting a blog can end up being a good money maker. For example, if you’re using one of the doctor of nurse practitioner programs to obtain a nurse practitioner doctorate degree at Bradley University, you could start a blog to talk about your experience and maybe to help other students following the same path. The world is your oyster when it comes to starting a blog to make money, and although it takes time to make money, it could prove to be worth it during your studies.

Create an Affiliate Site

One of the most effective ways of making money from home is to start an affiliate site which
promotes products for other businesses around the world. This is relatively easy to start; however, you’ll still need to market like crazy in return for results. It’s currently one of the most profitable ways of earning an income from home and you’ll find many people have made thousands of dollars every month from doing so.

Take Online Surveys

While it’s a slow money earner from the comfort of your own home, taking online surveys has been known to be a sure way of earning an extra income. Thousands of sites are looking for people just like you to fill in surveys in return for some money. It’s not going to get you rich, but it’s one of the few ways that work. One of the main benefits is that you can do it in your own time so it isn’t going to interfere with your studies or university.

Get Crafty

If you’re a creative person you could well use your ability to earn an income by making arts and crafts. There are hundreds of sites that can put you in direct contact with customers. Etsy is just one of the many sites. Have a look at this list to find sites so you can increase your profit margins and get more exposure for your products.

Go and Surf the Web

There are, in fact, many sites that will pay you to surf and browse the web as you normally would. Businesses pay you to watch videos and click on advertisements and although it’s not a quick way of making money, it can provide a nice flow of cash towards your bank every month.

The above ways are just some of the well-known ways of making money from the comfort of your own home. How much money you earn will depend on your motivation and determination to achieve financial freedom. However, by using the above money-making methods you can be sure you’re going to earn extra income whilst you’re studying hard.

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    Welcome! I'm Mrs. Money and I lead a frugal, simple, and debt free life on a modest income. I make money online to help support our family. I believe in saving money, living green, and enjoying life!

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