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If you are planning to go to graduate school, there are a couple of financial adjustments that you need to make. This is necessary not just to survive it, but to also come out of it with your finances intact. Grad school can take a lot from you - not just in your finances. It can be very demanding when it comes to your time. It can also drain your knowledge and skills. Contrary to what you went through when you were an undergraduate, more is expected of you when you go to grad school. You will be given more control in the learning process. You should expect to go through more research, paperwork and self exploration. You need to be prepared to exert more effort - maybe much more than what you gave when you were an undergraduate. But probably more than all of this, going back to school can have a huge effect on your finances. Did you know that paying for grad schoolis a lot different than going to college as an undergraduate? According to a study published on Amazonaws.com, about 40% of the total student loan debt was disbursed to graduate and professional students. This study cited an example. One professional has a total of $60,000 in debts. She owed $10,000 on her undergraduate studies. The rest - $50,000, was because of her graduate studies. The bottomline here is this - your grad school could cost you a lot of money if you are not careful. It is more costly - at least if you do not have the right employment or financial situation. In order to avoid this, you need to make a few financial adjustments before you go to school. If you prepare for grad school the right way, it might not cost you a lot of money. Not only that, you can still get the higher credentials that will allow you to earn more money in your chosen field.