That Free Ride for the MA/MS or PhD - But What You Could Actually Wind Up Paying
Euphoria. The tough job market for recent BA/BS graduates, along with collapsing sectors, has made piling on an advanced degree - MA/MS or PhD - seem like the solution. Then there's the study by Georgetown University projecting that by 2031 (right around the corner) the number of jobs requiring advanced degrees will be 14% higher than what it had been in 2021. So, you're over the moon when offered a free ride, including tuition and living expenses, to enter a graduate or professional school program. Yet, because of harsh warnings about the ROI of advanced degrees by influential sources such as The Wall Street Journal you're probably also wary. Postings on Reddit scream out that anxiety: Sure, it's free, no student loan debt but ... In my coaching I'm getting the same sort of questioning. At the top of the list of what's-to-consider is the opportunity cost. No, you're not accumulating school loan debt. Through teaching or research contracts you might even...