Going to grad school is expensive: more than half of master’s degree students leave school with an average student loan balance of $66,000, according to federal statistics.Sure, getting your master’s degree can pave the way to a bump in your pay, but a higher salary won’t give you more spending power if you’re also paying down tons of debt. On the other hand, a large debt load isn’t as crushing if you’re earning six figures. Experts often suggest that for student debt payments to be affordable, they need to be below about 10% to 15% of your monthly income. That’s why it’s smart to look at both the typical debt and salary of students graduating from a particular program to determine whether it’ll pay off.To help with your research, Money analyzed the average student debt and earnings from graduates of over 200 master’s degrees at more than 1,500 colleges, to see which ones have the best early return on investment. For more details on how we got these results, check out the methodology at the end.
Source: The 15 Master’s Degrees With the Best Return on Investment | Money
