{"id":538,"date":"2019-07-17T12:00:19","date_gmt":"2019-07-17T17:00:19","guid":{"rendered":"https:\/\/blogs.tntech.edu\/graduate\/?p=538"},"modified":"2019-05-28T15:39:24","modified_gmt":"2019-05-28T20:39:24","slug":"expert-grad-school-financial-aid-tips-you-need-to-know","status":"publish","type":"post","link":"https:\/\/blogs.tntech.edu\/graduate\/2019\/07\/17\/expert-grad-school-financial-aid-tips-you-need-to-know\/","title":{"rendered":"Expert Grad School Financial Aid Tips You Need to Know"},"content":{"rendered":"<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\"><strong>Worried about paying for grad school? Read this first. A grad school insider shares his top tips for making smart financial decisions.<\/strong><\/p>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">Of all the challenges graduate students face, paying for grad school is right up there.<\/p>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">When I served as a Dean of Enrollment and Dean of Students, many of the issues students brought to me during my weekly open office hours centered on their grad school finances. Many had simply not taken time to think through the financial responsibilities they were assuming in pursuing a graduate education.<\/p>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">While graduate school is expensive, it can be made affordable by taking time to plan, conduct research, and think outside the box.<\/p>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">Here are a few tips for grad school financial aid tips and best practices that have been extremely helpful to students over the years.<\/p>\n<h2 style=\"background: 0px 0px #ffffff;border-width: 0px 0px 1px;margin: 0px 0px 10px;padding: 0px 0px 5px;color: #729337;text-transform: none;line-height: 1.3em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.5em;font-style: normal;font-weight: 400;vertical-align: baseline;border-bottom-color: #e6e6e6;border-bottom-style: solid\">Ask yourself the right questions about your finances<\/h2>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">Before you even start your grad school search, you need to ask yourself a few critical questions about the financial implications:<\/p>\n<ul>\n<li>If you already have some debt, how comfortable are you taking on more? If you have no outstanding debt, how much are you comfortable borrowing?<\/li>\n<li>Should you spend another year or two paying down your debt and\/or saving money for grad school\u2014and giving yourself more\u00a0<a href=\"http:\/\/www.collegexpress.com\/articles-and-advice\/grad-school\/articles\/grad-school-applications\/essential-one-year-grad-school-application-timeline\/\" target=\"_self\" rel=\"noopener noreferrer\">time to prepare for grad school<\/a>\u00a0and really check out all of your graduate school options?<\/li>\n<li>Have you researched the potential ROI of your graduate degree, including the job prospects and estimated salaries for your intended post-grad career?<\/li>\n<li>Have you considered the financial consequences of going to grad school in their totality, including both the estimated costs of the program and potential loss of income if you need to take any time off from work?<\/li>\n<\/ul>\n<h2 style=\"background: 0px 0px #ffffff;border-width: 0px 0px 1px;margin: 0px 0px 10px;padding: 0px 0px 5px;color: #729337;text-transform: none;line-height: 1.3em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.5em;font-style: normal;font-weight: 400;vertical-align: baseline;border-bottom-color: #e6e6e6;border-bottom-style: solid\">Research your grad school\u2019s financial aid options\u2014ASAP<\/h2>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">When\u00a0<a href=\"http:\/\/www.collegexpress.com\/articles-and-advice\/grad-school\/\" target=\"_self\" rel=\"noopener noreferrer\">researching graduate school<\/a>, spend as much time looking at the financial aid each program offers as you do any other facet of the school. Do not wait until you are admitted to find this information. Why? Because some institutions offer scholarships or fellowships you apply for when you submit your application for admission. If you wait to research graduate financial aid until you are admitted, you have lost out on the opportunity to be considered for these scholarships and fellowships\u2014not to mention impaired your ability to make more informed application decisions.<\/p>\n<h2 style=\"background: 0px 0px #ffffff;border-width: 0px 0px 1px;margin: 0px 0px 10px;padding: 0px 0px 5px;color: #729337;text-transform: none;line-height: 1.3em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.5em;font-style: normal;font-weight: 400;vertical-align: baseline;border-bottom-color: #e6e6e6;border-bottom-style: solid\">Check your credit score<\/h2>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">Much like with other big-ticket purchases, like a house or car, your credit score can have a serious impact on your ability to pay for grad school. Check your credit score before submitting your grad school applications and try to amend any issues. Problems with your financial record might delay your ability to receive graduate financial aid and\/or qualify for student loans, if needed. And by the time things are resolved, it could be too late.<\/p>\n<h2 style=\"background: 0px 0px #ffffff;border-width: 0px 0px 1px;margin: 0px 0px 10px;padding: 0px 0px 5px;color: #729337;text-transform: none;line-height: 1.3em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.5em;font-style: normal;font-weight: 400;vertical-align: baseline;border-bottom-color: #e6e6e6;border-bottom-style: solid\">Explore job opportunities at your grad school<\/h2>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">Consider working at your graduate school, part or full time, if at all possible. You could even work with\/for a faculty member in your department. (I did this for both my master\u2019s and doctoral programs, and the experience, not to mention the financial help, was invaluable.)<\/p>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">Working for your grad school, you can help defray the costs with your earnings, improve your employability by adding relevant work to your r\u00e9sum\u00e9, or, depending on the position, perhaps even take advantage of an employee tuition discount. Another tip for you: grad schools love to hire their students!<\/p>\n<h2 style=\"background: 0px 0px #ffffff;border-width: 0px 0px 1px;margin: 0px 0px 10px;padding: 0px 0px 5px;color: #729337;text-transform: none;line-height: 1.3em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.5em;font-style: normal;font-weight: 400;vertical-align: baseline;border-bottom-color: #e6e6e6;border-bottom-style: solid\">Don\u2019t stop after you enroll<\/h2>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">Keep asking for financial assistance and searching for\u00a0<a href=\"http:\/\/www.collegexpress.com\/scholarships\/search\" target=\"_self\" rel=\"noopener noreferrer\">graduate grants and scholarships<\/a>\u00a0after you enroll. There could be additional sources of financial aid that become available once you are there. Toward the end of each term, stop by the graduate financial aid office and ask if there are any new scholarships available; if so, ask what you can do to apply for them and be a competitive applicant.<\/p>\n<p style=\"background: 0px 0px #ffffff;margin: 0px 0px 1.3em;padding: 0px;border: 0px currentColor;color: #333333;text-transform: none;line-height: 1.4em;text-indent: 0px;letter-spacing: normal;font-family: Lato, Corbel, Calibri, 'Lucida Grande', 'Lucida Sans Unicode', 'Lucida Sans', sans-serif;font-size: 1.1em;font-style: normal;font-weight: 400;vertical-align: baseline\">There is a major myth that graduate school is always too expensive and, therefore, impossible to attain. This is usually not the case. With adequate planning ahead of time and a dedicated pursuit of funding opportunities once admitted and enrolled, it is possible to finance your graduate education.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Worried about paying for grad school? Read this first. A grad school insider shares his top tips for making smart financial decisions. Of all the challenges graduate students face, paying for grad school is right up there. When I served as a Dean of Enrollment and Dean of Students, many of the issues students brought [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[8,23,15],"tags":[],"class_list":{"0":"post-538","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-advice","8":"category-funding-graduate-education","9":"category-new-student"},"jetpack_featured_media_url":"https:\/\/blogs.tntech.edu\/graduate\/wp-content\/uploads\/sites\/6\/2019\/05\/financing.grad_.school.jpg","_links":{"self":[{"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/posts\/538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/comments?post=538"}],"version-history":[{"count":2,"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/posts\/538\/revisions"}],"predecessor-version":[{"id":541,"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/posts\/538\/revisions\/541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/media\/539"}],"wp:attachment":[{"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/media?parent=538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/categories?post=538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.tntech.edu\/graduate\/wp-json\/wp\/v2\/tags?post=538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}