HOW MUCH FUNDS DO I NEED FOR A MASTERS DEGREE?

The idea of studying for a Masters degree, immediately after a Bachelors degree or NYSC is not new. While some have a divergent views, it is better than to be idle or engaged in almost fruitless job search. The choice of Master degree must be well thought, especially financially. In Nigeria, education at first degree level is heavily subsidized, thus studying for a Masters in Nigeria is a different kettle of fish.

Personally, I saved during NYSC and it gave me a head for my Masters, but sincerely the funds didn’t do much. So it is important to count the cost. Do you have enough funds to run a postgraduate program. Note that it is not necessary to have a lump sum, but at least having an idea of the total cost would help. This post applies to studying in Nigeria, how much funds do I need for a masters degree?

BUDGET ITEMS OF EXPENDITURES

To complete a Masters degree in Nigeria, you will be spending on all these items listed below. The amounts given are not fixed, but just an idea is given. Continue reading “HOW MUCH FUNDS DO I NEED FOR A MASTERS DEGREE?”