<p>So my parents had saved up a good chunk of money for me to go to college. I didn't know exactly what I wanted to do, but I always had the feeling that I would end up going for some sort of advanced degree, such as an MBA, a few years after college ends. So I ended up at Boston University, a great school that I love. However, as most people know, BU is very expensive. While my parents agreed to send me here, it essentially depleted the money they had saved up for me. This means that my parents will not be able to offer me any real assistance for grad school. </p>
<p>I just had a few questions regarding grad school tuition and finances. I know many people whose companies pay for them to attend nighttime business school. Is this a common thing? I would love to have whatever company I work for in 5 or so years to cover the expenses. I know that most of the top business and law schools are at private universities. Does the fact that my parents college money for me is all spend, mean that I pretty much have to settle for a public business or law school if I choose to attend one? I am not saying that this is a bad thing. I just want to know what my options are. If anyone has any info on a situation like this, I'd appreciate any help.</p>
<p>
[quote]
Does the fact that my parents college money for me is all spend, mean that I pretty much have to settle for a public business or law school if I choose to attend one?
[/quote]
</p>
<p>This doesn't necessarily make your situation any easier, but it might at least relax you to know that many (most?) grad students are in a similar position. From what I've read on these boards and heard from my peers, even those who were fully supported through college are often expected to cover their own grad school expenses. There've been some posts re: this topic on the law school board.</p>
<p>For one thing, it's very good that you're aware of this situation now. One friend of mine took for granted that her parents would help her out, since they always had, and was beside herself when she found out otherwise heading into her senior year. If she'd known earlier, nothing would have changed...she just would've saved herself the shock. </p>
<p>Funding will vary depending on program. I don't know the details for business programs, myself, although I'd recommend searching around the business school forum. Law school is quite expensive, and students are generally advised to balance school ranking with financial feasability...largely a personal call. FYI, though, two of the top 10 law schools are publics (the two most expensive public law schools in the country, yes, but publics nonetheless, and significantly cheaper than their private counterparts), so you'd hardly be "settling" to go to either. Too much debt is a terrible thing, but I'm told that law school loans are relatively easy to come by when needed. I assume that the same is true for business school, but that's just a guess.</p>
<p>Anyway, now I'm just rambling and hypothesizing. I would spend some time looking around the business and law school boards if those are what interest you right now. But for the most part, get your bearings, allow this situation to motivate your academic performance, and know that when the time comes, you won't be alone in this!</p>
<p>Doctoral programs (read PhD) is usually covered by fellowships and grad students can usually survive off a modest stipend. Business/law/medicine/masters programs usually cost a whole lot and don't give financial need awards as they did for undergrad. But also unlike undergrad, you can take out the full amt in loans.</p>
<p>If you go for an MBA, wouldn't you be working for a few years first? That should save you some money.</p>
<p>For an MBA...it depends on the company. You would need to check with the company first. I know several young people working in business and their companies DO pay for their MBA studies (at least partially). They are going to school where it is convenient. One is at NYU, another at RPI (a branch), another at UConn. All are going on evenings or weekends while working. Personally, I have never heard of a company paying for Law School.</p>
<p>Tuition for M.S. and Ph.D. studies in life sciences are typically covered by research and/or teaching assistanships (someone has to tech those undergrad labs and quiz sections). Depending on the school, TA/RA assistanships also pay a small stipend.</p>
<p>Re: tuition reimbursement for law school. I know some folks who started working for prominent law firms as patent agents and ended up with JDs. Their law firms paid for their evening law schools.</p>