New York, NY (PRWEB) May 29, 2012
“Cedar Ed Lending is ready to help students finance their graduate degree,” said Harvey Berkey, Cedar Ed COO. “We know that many factors will affect a student’s decision to seek an advanced degree. Graduate school is undeniably expensive. However, a Master’s degree is necessary to even enter many teaching positions, for example. Others will require a specific graduate degree, such as a Master’s of Business Administration, to advance in a particular field.”
According to the latest United States Census data, roughly ten percent of students will go on to earn a Master’s or professional degree or a doctorate -only ten percent! Graduate school could separate a student from the pack as he or she works to achieve his or her goals.
The National Center for Education Statistics says that, on average, those with graduate degrees earn higher salaries. According to the NCES, in 2009, the median earnings of young adults with a master's degree or higher was $60,000, which is about 33 percent more than the median ($45,000) for those who had a bachelor's degree. The median for those with an associate's degree was $36,000, $30,000 for those with a high school diploma or its equivalent, and $21,000 for those without a high school diploma or its equivalent). Of course, students who graduate from Law School or Medical School or who obtain an MBA, can potentially earn much higher salaries.
With the cost of graduate school tuition ranging from $5,000 to $40,000 or more per year, depending on the school, it is understandable that the expense may be a source of concern. Fortunately, loans, grants and fellowships make graduate school more affordable for many students. And many students can apply for teaching assistantships, which provide an enriching experience and money toward tuition. In addition, Federal loan programs provide major assistance.
“If these programs don’t entirely fund the cost of graduate school, Cedar Ed Lending will provide private student loans and, after graduation, private student loan consolidations in order to help out the qualified student. If we can help students further their career opportunities, it is our pleasure to do so”, said Mr. Berkey.