A master鈥檚 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鈥檚 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鈥檚 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鈥檚 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鈥檚 degrees and affordable online master鈥檚 degrees with scholarships. For broader savings ideas, see ways to save money on college tuition and, if you are looking abroad, master鈥檚 degree costs in Canada.

