How Much Does Master’s Degree Cost

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how much does master's degree cost
Discover the investment needed for your future. Explore how much a master's degree costs and plan your education wisely. Start here.

A master’s degree is a major expense, and the total depends on the school, the field, and how long the program takes. According to Education Data Initiative figures, the average cost of a master’s degree is $62,820, with most programs falling between $44,640 and $71,140. Costs also vary by field: a Master of Arts averages $71,140, a Master of Science $61,380, and a Master of Education $44,640.

Public schools tend to cost less than private ones. The average master’s costs $48,870 at a public school and $55,640 at a private for-profit school. Tuition is only part of the picture, so add fees, books, and living costs when you budget. Compare program totals in our master’s degree cost guide.

Financial aid can bring the price down. Look into scholarships, grants, assistantships, and employer tuition help before borrowing. Start with scholarships for online master’s degrees and affordable online master’s degrees with scholarships. For broader savings ideas, see ways to save money on college tuition and, if you are looking abroad, master’s degree costs in Canada.

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