Students pursue higher education at graduate schools for many reasons. For some majors, a higher degree is required. For others, the decision is less clear.
Over the course of a lifetime, a person with a master's degree typically earns $400,000 more than someone who only holds a bachelor's degree, according to the U.S. Census Bureau.
Tuition costs of graduate degree programs vary depending on the type of school and program. On average, tuition at public colleges and universities totals nearly $30,000 and at private schools nearly $40,000.
On average, annual tuition at public colleges and universities totals nearly $30,000 and at private schools nearly $40,000.