Shares New Data on Graduate School Payment Methods

Share Article reveals data from a compelling new poll.

What these poll results suggest is that there are still many, many students who rely on loans to fund graduate school.

When applying for graduate school, law school, or medical school, there are many factors to consider. Financial considerations are usually at the top of the list. Graduate school is often a prudent career investment in the long run, but it is seldom inexpensive. There are many methods used to fund the graduate school experience—not the least of which is the procurement of student loans., a site that seeks to help aspiring students get into graduate school, has just conducted a new survey on the question of graduate school payment—and the results are compelling.

“The mission of our site is to help make the graduate school applications process as smooth and seamless as can be for people,” comments the site’s founder, Jason Kay. “Primarily we do this by offering sample personal statements, which can make the application process a little easier. We also want to understand the mindset of those looking into post-graduate education, however, which is why we launched this poll.”

The poll question asked readers what their primary method of paying for graduate school would be—and of the choices offered, the overwhelming favorite was Student Loans. Of those who responded to the survey, a full 49 percent said they would be primarily relying on this method of payment.

In addition, the poll finds that more than a quarter of grad school applicants—26 percent—plan to fund their education primarily through scholarships. Approximately 12 percent responded by saying that their parents were going to pay for it; 7 percent, their company would pay for it. Only 6 percent of survey respondents said that they were primarily relying on assistantships.

“What these poll results suggest is that, while there are always different methods for paying for grad school, there are still many, many students who rely on loans to fund their education,” Kay summarizes. “For those looking into grad school, applying for a loan may be just as essential as applying for admission to the school.”

For graduate school application, can prove an immense help. The site makes available free downloadable samples of personal statements, which can guide applicants as they draft their own statements.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jason Kay