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I totally agree with everything you say. Here in Texas a Master's degree gets you about $1000 more a year. And that's still enough motivation to get the degree!
by hdctambien 12y ago
I totally agree with everything you say. Here in Texas a Master's degree gets you about $1000 more a year. And that's still enough motivation to get the degree!
- Jtsummers 12y agoHmm, I had to look it up once you said your number for TX. I don't think it's as big a raise here in GA at the state level as I was recalling. For a particular county I found, Houston County, the difference is $400/month for a teacher with 10 years of experience with a Master's versus a Bachelor's. A PhD offers almost $1k more than the master's alone. So by the time most teachers have it done they get around a $4k-5k pay raise (the difference increases with each year of experience). A 20-year teacher with a PhD is making around $75k/year vs $55k for a teacher with only a bachelor's. If they're the sole earner for a household that's a strong incentive to finish up the degree and on the cheap/ease at a degree mill. Even if they're not, that extra $20k (or around $10-12k extra take home) is still more money that can be dumped into any retirement accounts or paying off the house before they retire (if they're financially savvy).