Drury Graduate Programs: A Solid Return on Investment

When considering graduate enrollment, questions regarding Return on Investment (ROI) should be addressed. How likely is it that the educational investment will pay off?

To help us better predict graduate school ROI, The Bureau of Labor Statistics (BLS) tracks income by educational attainment. BLS data set the median annual salary difference between those with a Bachelor’s degree and those with a Master’s degree at $12,272.

  • Bachelor’s annual income:  $62,296
  • Master’s annual income:     $74,568

According to BLS numbers, it appears investing in a Master’s degree should show a solid return over time. If educational dollars are spent on quality programs in high-demand areas, potential earnings could be higher. While there are no guarantees of individual success or riches, data clearly support those who elect to pursue a graduate degree.

Strategies for reducing tuition and fees could accelerate ROI.  One example is employers who offer tuition reimbursement as an employee benefit.  $5,250 per year may not sound like much, but consider the fact that most Master’s programs allow students to take up to seven years to complete their degrees.

Many employers offer up to $5,250 per year in tuition reimbursement for college courses. Under section 127 of the tax code, the IRS allows your employer to deduct the expense, and the benefit is not taxable to you as an employee. Troy Onink — Forbes

Drury’s graduate programs may be completed in four years or less using tuition reimbursement dollars paid at $5,250 per year (see cost breakdown below).  If your employer is willing to invest $5,250 in your education on an annual basis the gains associated with completing a master’s degree could come at a very low cost.

Increase your salary potential by earning a graduate degree from Drury University with the possibility of little or no long term debt. Sound good?

Contact Drury’s College of Graduate studies today and start investing in your future.

 

Graduate Programs Tuition and Fees

MBA Program (seated or online)

  • Cost per credit hour                                                                 $534 x 30 Credit hours = $16,020
  • Travel Fee – Greece trip (assessed on 8 required courses)    $210 x 24 Credit hours =   $5,040
  • Breech Enhancement fee                                                           $20 x 30 Credit Hours =     $600
  • Technology fee                                                                             $7 x 30 Credit hours =      $210
  • Graduation Fee                                                                                                                      $125
  • Application fee                                                                                                                         $25

                                                                                                          Total Tuition & Fees = $22,020

M.Ed. (9 programs, 6 online)

  • Cost per credit hour (without certification)                                $366 x 30 Credit hours = $10,980
  • Cost per credit hour (with certification) approx.                       $366 x 45* Credit hours = $16,470
  • Technology fee (without certification)                                                 $7 x 30 Credit hours = $210
  • Technology fee (with certification) approx.                                         $7 x 45 Credit hours = $315
  • DATSE Fee                                                                                                                             $250
  • Student Teaching Fee                                                                                                             $250
  • Graduation Fee                                                                                                                       $125
  • Application fee                                                                                                                          $25

 

                                                                    Total Tuition & Fees (without certification) = $11,340

                                                          *Approx. Total Tuition & Fees (with certification) = $17,185

                                                             Total Tuition & Fees (with certification/DATSE) = $17,435

                *M.Ed. with certification hours dependent on area of study and previous undergrad credits

 

 M.A. in Communication (2 emphasis options)

  • Cost per credit hour                                                                  $462 x 30 Credit hours = $13,860
  • Technology fee                                                                                  $7 x 30 Credit hours = $210
  • Graduation Fee                                                                                                                      $125
  • Application fee                                                                                                                          $25

                                                                                                          Total Tuition & Fees = $14,220

 

Master of Nonprofit & Civic Leadership (MNCL)

  • Cost per credit hour                                                                 $462 x 30 Credit hours = $13,860
  • Technology fee                                                                                  $7 x 30 Credit hours = $210
  • Graduation Fee                                                                                                                      $125
  • Application fee                                                                                                                          $25

                                                                                                          Total Tuition & Fees = $14,220

 

Graduate Certificate in Nonprofit Leadership (NLC) online

  • Cost per credit hour                                                                   $462 x 12 Credit hours = $5,544
  • Technology fee                                                                                    $7 x 12 Credit hours = $84
  • Graduation Fee                                                                                                                      $125
  • Application fee                                                                                                                          $25

                                                                                                            Total Tuition & Fees = $5,778

 Graduate Certificate in Cybersecurity Leadership (CSL) one low-residency course the rest online

  • Cost per credit hour                                                                   $534 x 12 Credit hours = $6,408
  • Breech Enhancement fee                                                               $20 x 12 Credit Hours = $240
  • Technology fee                                                                                    $7 x 12 Credit hours = $84
  • Graduation Fee                                                                                                                      $125
  • Application fee                                                                                                                         $25

                                                                                                             Total Tuition & Fees = $6,882

 

*All calculations based on 2019 – 2020 Graduate College fee schedule

 

Jeff Riggins