The pay-as-you-go route to higher education – Lifestyle – Times Record

Dear Mary: How can a person finance her education without taking out loans? I need to get a master’s degree, as I have hit a ceiling, but I don’t have $40,000 and don’t want to take out loans. Will schools offering graduate programs allow me to move slowly and pay as I go? I just don’t feel like there is a choice, and it’s stopping me from getting my education. — Ana

Dear Ana: Do you need a master’s degree, or do you want one? Here’s the difference:

Let’s say you are a teacher with a contract in a school district that gives an automatic pay increase once you receive your master’s degree. In that case — and provided the monthly payment on the total student debt will not exceed the net salary increase, which you can easily project — I would have no problem with you getting your degree

Read More

The pay-as-you-go route to higher education |

Dear Mary: How can a person finance her education without taking out loans? I need to get a master’s degree, as I have hit a ceiling, but I don’t have $40,000 and don’t want to take out loans. Will schools offering graduate programs allow me to move slowly and pay as I go? I just don’t feel as though there is a choice, and it’s stopping me from getting my education. — Ana

Dear Ana: Do you need a master’s degree, or do you want one? Here’s the difference:

Let’s say you are a teacher with a contract in a school district that gives an automatic pay increase once you receive your master’s degree. In that case — and provided the monthly payment on the total student debt will not exceed the net salary increase, which you easily can project — I would have no problem with you getting your

Read More