In some fields, such as the physical or social sciences, earning potential can greatly increase by seeking a Master’s or professional degree. A $30,000 annual increase in pay is substantial, and may be well worth borrowing extra in student loans to achieve. In other field such as the arts, however, earning potential does not increase to the same extent for a worker holding an advanced degree. In this case, it may not be worth taking on an extra $30,000 of student debt in order to make on average only $11,000 more per year, as this would mean making an extra $4,000 per year in student loan payments.
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