How To Fund Your Master's Degree
Earning a master’s degree is a big investment, but the payoff is likely worth it in the end! It’s time to invest in yourself and your career. There are three options for funding your degree:
- Pay-As-You-Go
- District Funding
- Private Educational Loans
Pay
Pay-As-You-Go
Most AOEU students choose pay-as-you-go. It’s convenient, affordable, and you can go at your own pace. By spreading the program out between 2-5 years, you can budget the monthly amount to pay out of pocket.
What does that mean for your monthly budget?
- Two Years: $617.25/mo ($21/day)
- Three Years: $411.50/mo ($14/day)
- Four Years: $308.63/mo ($10/day)
- Five Years: $246.90/mo ($8/day)
By flexing your degree program over five years, you could pay as little as $8 a day!
Private
Private Educational Loans
A Private Educational Loan can help you graduate faster or pay a smaller monthly payment. Unlike the pay-as-you-go model, you will have interest to pay, but for some students, the trade-off is well worth it. AOEU does not participate in any federal student aid or federal student loan program and does not endorse any particular lender, but many AOEU students have had success securing student loans through Climb Credit.
District
District Funding
Your district may provide an incentive to getting your master’s degree or even fund your degree directly to your AOEU account.
Look at your contract to see how AOEU’s master’s degree can help you move up your district’s salary scale. The raise you receive might pay for the degree in just a couple of years.
See if your district offers tuition reimbursement. Many schools do! Learn your district’s application process, how many credits they will pay for each year, the maximum reimbursement per credit, and the grade you need to earn.