Affordability of US Education – MBA, MS or PhD?

If you have decided on what to study and considering where to study, please checkout www.app2us.com and other resources on internet. If you have decided to study in a top US University, but have not decided what to study, you are not the only one with the similar dilemma. For a quality

US education experience, often the academic and economic aspects need to be balanced.  To elaborate on this point, there are students who aspire an MBA degree, but the prohibitive cost leads them to consider MS. There are students who are actually interested in MS degree but end up applying for a PhD program because they have heard that probability of funding is more for PhD. The more confused ones start an MS program with an aim of applying for MBA later. The MBA programs are becoming a riskier venture for international students. The currency rate of most countries makes it very difficult for students to pay their fee. Funding opportunities are partial and limited. The job potential is uncertain. As it happened on April 1, 2007, the visa quota may get filled up and students may need to return to their countries if they could not get an H-1B visa. Working outside US may make it difficult to pay back huge MBA student loans. The funding for MS programs is shrinking but still a good number of Universities offer full funding. The flexible format of MS programs makes it possible to work part time as student workers to help pay the costs. It is possible to make good money during full-time summer internship. PhD programs are the safest bet for funding. However if you are offered admission to a PhD program without funding, it is a signal that the department does not really want you, but they will be happy if you want to contribute to their research output at your own cost. Five or six years is a long timeframe to commit without getting a commitment of assured funding. So to join a PhD admission without funding is a very risky proposition. We suggest you apply for MBA / MS / PhD whatever actually interests you and helps you achieve your goals in life. However it is good to be aware of the relative financial implications.

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