How did you pay for your post-bacc?

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

MissR6

Full Member
10+ Year Member
Joined
Apr 8, 2011
Messages
18
Reaction score
0
I apologize if there is already a thread out there on this topic but I searched and didn't see one.

I'm wondering how people paid for their post bacc, and did the final cost determine the route you took? I'm currently assessing my options on which route to take, and am weighing out the different options I have. I am a “career-changer”.

This is addressed to both those who did a formal and those who took it upon themselves to do an informal “d-i-y” post-bacc.

Some background on me:

I graduated from an International I.B. high school while my parents were stationed overseas so I never took the SAT or ACT, and since I had a 3.7 GPA for my bachelors (U.S. School) and I pursued their accelerated program I was not required to take the GRE for acceptance into my M.S. degree. That being said I know I could buy GRE test prep, study and take the GRE with no problems for the formal programs that require the test scores.

Second, I currently work full time and am well compensated for what I do; my take home is 6 figures annually, so I am worried as to how this will affect my abilities for financial aid/loans etc. I can afford to pay the entire tuition without aid, so that is an option, however I do not intend to work while completing the post-bacc so without any income during my time in a program I am hesitant to do so. I also have the post 9-11 GI bill, although my intentions were to use this to help pay for med school.

I have thought about scaling back and only working part time, or part of the year, and going to the local state school part time/part year, but I need to discuss this with option with my employer.

I have a significant amount of money in Savings, Investments, 401K etc, and I don’t have a lot of debt, really the only thing my mortgage which is < $1000 per month, but I can rent my house for between $500-$800 more that what I pay per month with no problems in the current economy. I do have a 20 pay whole life insurance policy with 15 payments left =$9000 per year, but I have funds dedicated to covering that as well.

Sorry for the longwinded post, but any thoughts or insight would be greatly appreciated.
 
Top