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How can a student finance masters?

I have a friend who completed his bachelor’s degree program last year. Due to his outstanding performance, he has been invited to pursue a graduate degree in law; however, he does not have enough money to pay for his education, and as a result, he is looking for student finance advice. Firstly, I would like someone to help answer the question “how can a student finance masters studies?” so that I can be better placed to help him know how to access different financial aids for college students. Additionally, I would appreciate if you can provide me with any useful information concerning how my friend can obtain a tuition grant that can cover his educational costs for at least two years.

Curtis Rhodes

in Student Loans

1 answer

1 answer

Zach Chandler on September 12, 2018

Accessing quality education has become a very important thing in the current highly competitive and globalized world. However, it is not so easy to access the education you want if you lack the means to pay for it. There are specific government agencies, guiding and counseling departments, career and education offices, organizations, deans and NGOs that offer students’ finances advice to different students from colleges all over the world. Most of these groups and organizations provide both internet-based and in-person student finance guidance. You can access guides in the form of tutorials and transcripts on their various websites.

There are hundreds of avenues through which different students finance master`s degree programs of their choice. The commonest and most convenient means is applying for federal student loans provided by the United States government. You can access these loans if you are a US citizen, national or registered immigrant. In case, you are not from the United States, liaise with the commission or ministry of higher education in your country. Different countries have different loan programs for undergraduate, masters and Ph.D. students enrolled in their universities, both private and public.

Students from other countries studying in American universities are not eligible for federal study loans. However, they can apply for study loans from their respective governments and other lending organizations. The most important thing when planning to access study loans is to ensure that you apply to those that charge low rates and which will require to start repaying after you complete your studies.

If you cannot apply for a student loan, consider applying for tuition grants. These types of student finance aids are usually non-repayable, and you only need to ensure that you meet the eligibility criteria. The grants can be provided by the government, foundations and other organizations that are dedicated to helping needy students realize their academic goals. Encourage your friend to keep checking the internet for a list of grants that support education and research and then apply for them before the set deadlines.

Other avenues through which students can facilitate their studies include applying for scholarships and fellowships that are available in their specific locations. Most governments have exchange study programs that are targeted at promoting bilateral and multilateral relations. In these programs, one government provides a particular number of scholarship slots to students from another country. If someone is well-qualified, he or she can apply to be considered for such study abroad opportunities. 

Brian Warner2 years ago

I entirely concur with the information provided in the above text in response to the question: “How can students finance masters’ degree programs of their choice?” Education is extremely important for the future of humanity. Nonetheless, it is undisputedly very expensive, and without proper financing mechanism, it will be quite tricky for any student to accomplish their education goals. So, whenever anyone feels that they need to further their education, it is always good to begin with researching ways through which you can access financial assistance. Try applying to every funding opportunity that you see or hear about since it is hard to tell which one will eventually come to your rescue.

If you consider applying for a loan, ensure that you take an amount that will cover all your education expenses including living costs and course for the entire period of study. If you take a loan that will not help you finish your education, you may end up dropping-out or defer your studies, and you should not forget that the bank or the lender will be anxiously waiting for their money.

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