GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of Master S Degree

The average cost of a Master's degree in the United States is approximately $30,000 to $40,000 per year, varying depending on the type of program and institution.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the average cost of pursuing a master’s degree, delving into various statistics surrounding tuition fees, additional expenses, student loans, and international options. From the typical expenses incurred at public universities to the premium costs associated with MBA programs, we will provide a comprehensive overview of the financial commitments involved in pursuing advanced degrees.

Statistic 1

"Non-degree-related fees such as student activity fees and technology fees can add $500 to $3,000 to the overall cost."

Statistic 2

"The average cost of a master's degree in engineering is around $32,000."

Statistic 3

"Public universities typically charge around $20,000 to $25,000 for a master's degree."

Statistic 4

"Graduate students can accrue an average of $66,000 in student loan debt."

Statistic 5

"Tuition has increased by 79% for public master’s programs since the 1990s."

Statistic 6

"Online master's degree programs can be more affordable, with costs ranging from $10,000 to $25,000."

Statistic 7

"Master's degrees in healthcare and medical fields often cost between $30,000 to $50,000."

Statistic 8

"Scholarships and grants can significantly reduce the cost burden of a master's degree, often covering up to 50%."

Statistic 9

"Private universities can charge up to $60,000 for a master's degree."

Statistic 10

"MBA programs at top business schools can cost over $150,000."

Statistic 11

"Graduate assistantships can reduce or cover the cost of tuition for master's degrees."

Statistic 12

"Some European countries offer free or very low-cost master’s degrees to international students."

Statistic 13

"The University of California system charges around $28,000 for non-resident master’s students."

Statistic 14

"The average cost of a master's degree in computer science is around $30,000."

Statistic 15

"The average cost of a master's degree in education is approximately $18,000 to $45,000."

Statistic 16

"Tuition for master’s degree programs in the UK ranges from £10,000 to £20,000 per year."

Statistic 17

"The average annual tuition for a master's degree program is around $9,000 for in-state students."

Statistic 18

"The average cost of an MBA can range from $60,000 to over $100,000."

Statistic 19

"The average annual tuition for a master's degree program is around $25,000 for out-of-state students."

Statistic 20

"The average cost of a master's degree in the United States is approximately $30,000 to $40,000."

In conclusion, the average cost of a master’s degree can vary significantly depending on factors such as the field of study, type of institution, and location. Non-degree-related fees can add a substantial amount to the overall cost, with public universities generally charging lower tuition fees compared to private institutions. Graduate students often face significant student loan debt, but financial aid options like scholarships, grants, and assistantships can help alleviate the financial burden. Online programs and opportunities for international students in certain countries offer more affordable alternatives. It is crucial for prospective master’s students to carefully consider these factors when planning for their advanced education to make informed decisions about their financial investment.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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