Many careers require an education beyond the bachelor’s degree, and graduate school can be the path to a satisfying career. Before you take the leap, you’ll need an overview of typical graduate programs and an understanding of how to pay for your graduate education.
Although each graduate program is different, you’ll need to make sure your application is at its best before you apply. While you’re studying for either the MCAT, the LSAT, the GMAT or the GRE, you might feel as if you are applying to college all over again, only with higher stakes. Most graduate programs are highly selective, so you will need good test scores, high grades and excellent letters of recommendation to get noticed by admissions departments.
Since graduate school acts as a bridge between college and a professional career, you’ll also need to approach your application almost as if you were applying for a job straight out of college. For example, some programs, such as medical schools, may want you to interview with them in person before they accept you. Other programs may request a professional résumé along with your application. These resources can help you get prepared:
Planning for College: Requesting References
Graduate school can be expensive, especially if you already have student loans remaining from college. When applying for financial aid for graduate school, you will need to factor in what you already owe. You may be able to defer your federal student loans by entering graduate school, but you’ll still need to pay off those loans after your studies are over.
If you are wondering how much you should take out in student loans, consider how much you will make in your first year on the job after you graduate. Do not take a loan any larger than this amount. Someone in medical school, for example, might be able to take out higher student loans because he or she will have a higher starting salary than an aspiring anthropology professor. Ask representatives of your target programs about job placement and average salaries. You will also need to take the debts you already have into account.
Some graduate programs offer fellowships or teaching and research assistantships, in which you earn money by teaching introductory classes or performing research in a lab. Most of these fellowships or assistantships will also cover part or all of your tuition. It all depends on the type of program you enter. For example, you may receive a financial-aid offer that includes grants and loans, as well as a teaching assistantship.
These resources can help you get a refresher course in financial aid:
College Board Student Loan Calculator
Checklist: Financial Aid Application
Whether you are studying to be a lawyer or a nuclear physicist, you will need to develop several qualities in order to succeed. As with any career, it is important to maintain good relationships with advisors who will guide you through your training, your research or your dissertation, depending on the program. Having good advisors and mentors is essential, so reach out to those who share your research focus and demonstrate an interest in your work.
Graduate students also may find themselves teaching classes to undergraduates while they are doing their own research. People often teach during graduate school for extra income or to gain additional experience. Others choose to take on a part-time job to help decrease their debt. If you think you may be working and studying at the same time, you will need to plan your schedule carefully so you can successfully juggle your research, your writing and your job.