Paying for Business School

Attending business school can be expensive. Not only must you pay for your tuition, fees, textbooks, and other schooling expenses, but you will probably also need to reduce your outside workload. This means you’ll lose some or all of your salary while you are attending school. You know that the return on your business school education will be worth the cost, but it would be best to make that cost as small as possible. Paying for Business School

Several options are available to you that may help you finance your time at business school. First, of course, you can save money ahead of time. You can use a tax-free plan called the 529 plan to open a college savings plan for yourself.

Another way to save is to attend a state university with a business school. Most states offer their residents great deductions on tuition, and you may save up to $10,000 a year. If you want to attend a state-run business school in another state, you should move there and establish residency as soon as you can. You can do this by registering to vote, opening a local bank account, registering your car, and getting a state driver’s license.

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