Money Saving Tip for Your Master's Degree

By: Shanice Miller, founder of DebtFreeCollegeGrad.com

Have you ever thought about getting your Master's degree?

If you have, you have probably started looking at the fees associated with it. A Master's degree can be

pretty expensive for only two years worth of education. For example, if you want to get a Master's degree at Harvard University, you can expect to pay $40,000 per year for only tuition--- this doesn't include room and board or other fees. Usually it takes 2 years (sometimes more) to complete your Master's degree so you are looking at $80,000 total at the very least. That will be a lot of money, especially if you already have a student loan tab from your undergraduate degree.

To help decrease the costs associated with obtaining a Master's degree, I am going to share with you a money saving tip for your Master's degree.

One money saving tip for people that are thinking about getting a Master's degree is to get the Master's degree overseas. Usually the Master's degree programs overseas only take 1 year to complete. That means even if the tuition is still the same, you would only have to pay $40,000 versus $80,000 for your Master's degree in the United States so you already saving 50% of the cost. However, tuition is not the same. In addition to the overseas Master's degrees taking less time to complete, they are also cheaper.

Although going overseas to get a Master's degree will be cheaper and quicker, you might want to check with your potential employers first to make sure that they will accept it.