The Real Cost of Your Graduate Business Degree

There are several types of costs that you must consider as you pursue your graduate degree: out-of-pocket costs, opportunity costs, and long-term costs.

Out-of-Pocket cost includes any charges from your school such as tuition and fees, plus expenses for books, supplies, and equipment, plus relocation and living expenses.

Any income you give up by returning to school, whether on a full-time or part-time basis, is an opportunity cost. In order to get a true picture of the real cost of any graduate business degree, your opportunity cost should be included.

This refers to the total repayment cost of your student loans, including any accrued and capitalized interest on unsubsidized loans.