How Much Does a Master's in Public Policy Cost?

If you are considering graduate school, you are likely contemplating how you'll pay for this significant investment in your career. Master's degree programs are typically more expensive than undergraduate degree programs, but the return on investment is often higher as well.

How much does a master's in public policy cost?

The average annual tuition for a master's degree at public institutions is around $12,394. The total cost for a two-year program at a public institution is approximately $54,718.

The average annual tuition for private non-profit institutions can be expected to be higher with an average around $28,445 per year but can vary depending on the type of program.

You should use the estimated cost of attendance as a basis for financial planning, keeping in mind that the actual tuition costs may vary depending on the institution and specific program you choose.

Factors Affecting the Cost of a Master's in Public Policy (MPP) Degree

Understanding the factors that affect the cost of an MPP degree can help you plan your finances and make informed decisions about your education.

Program Length and Credit Requirements

The length of the program and the number of credits required for graduation influence the overall cost of a degree. Most MPP programs are designed to be completed in two years, requiring 36 to 60 credit hours. Accelerated programs can reduce overall costs by allowing students to complete their degree in a shorter time frame.

MPP at Pepperdine University: 20-month program totaling 50 credit units

Part-Time vs. Full-Time Programs

Full-time students typically complete their degree faster, reducing living expenses, but they face a higher immediate financial burden as they pay tuition and fees over a shorter time period. Part-time programs allow students to work while studying, potentially reducing the need for loans. However, the longer duration means more time incurring living expenses and fees.

MPP at Pepperdine University: Full-time, in-person program with daytime classes

Online vs. In-Person Programs

Online MPP programs can reduce commuting, housing, and other campus-related expenses. However, traditional on-campus programs often provide greater networking opportunities, access to resources, and an engaging learning environment.

MPP at Pepperdine University: In-person program located in Malibu, California, with last semester option in Washington, D.C.

Additional Fees

In addition to tuition, students must consider other fees, such as registration, technology, student services, and a student health insurance plan, if applicable. These types of fees can be expected across most universities.

MPP at Pepperdine University:

• There is a $475 one-time workshop fee for the first semester of the first year.
• There is a required $4,028 required Student Health Insurance cost.
• Books and supplies are estimated at $1,000.

Living Expenses and Housing

Where you study can significantly impact your living expenses. Urban areas and regions with a high cost of living, such as New York City, San Francisco, or Washington, D.C., tend to have higher housing, transportation, and food costs than smaller towns or rural areas. Additionally, on-campus housing may provide convenience and proximity to classes but can be more expensive than off-campus options. Off-campus housing might offer lower rent, but students may need to consider additional costs such as utilities, commuting, and furnishings.

MPP at Pepperdine University: Housing and food is estimated at $9,785 per semester x 2 which includes utilities, phone, internet, and cable.

Off-Site Study Opportunities

Some MPP programs offer study abroad opportunities, which can provide valuable international experience but also come with additional costs. These programs may include travel, accommodation, and program fees that add to the total cost of the degree.

MPP at Pepperdine University: Pepperdine's MPP bi-coastal program offers students the opportunity to take a full course load (13 units) at the Pepperdine D.C. Campus. Additional components of this program include professional development and cultural experiences to immerse students in DC life.

Financial Aid and Scholarships

One of the best ways to manage the cost of an MPP program is by taking advantage of financial aid and scholarships.

MPP at Pepperdine University: Pepperdine offers various financial aid options to help students manage the cost of their education. Merit-based scholarships are available and can significantly reduce tuition costs. Historically, 90% of admitted students have received scholarships to help offset expenses. Find out more about scholarship opportunities. Additionally, work-study opportunities are available for students enrolled at least half-time.

Federal and private student loans are also options to cover tuition and living expenses. While loans must be repaid with interest, proper financial planning and responsible borrowing can help manage loan repayment after graduation.

Is an MPP Worth the Investment?

An MPP degree opens doors to numerous career opportunities in government, nonprofits, and the private sector. Graduates often pursue roles such as policy analysts, public affairs specialists, and legislative aides.

Salary expectations for MPP graduates vary based on industry, location, and experience. Looking at one career example, the median annual wage for policy analysts is approximately $100,949 for a mid-career professional. However, salaries can range significantly, with entry-level positions starting around $50,000 and senior roles well exceeding $100,000.

Investing in an MPP degree offers additional long-term benefits beyond immediate salary prospects. The skills acquired—such as critical thinking, quantitative analysis, and leadership—are highly transferable and valued across various sectors. Additionally, the professional network and connections made during the program can lead to career advancement and opportunities for years to come.

Cost-Effective Strategies to Pay For an MPP Degree

With some planning and flexibility, a MPP degree can be both affordable and attainable, enabling you to focus on your education and career goals without unnecessary financial strain.

Planning and Budgeting

Effective financial planning and budgeting are essential for managing MPP program costs. Students should research financial aid options and apply for scholarships early, while creating a budget to outline expenses and income sources.

Employer Sponsorship

Employer sponsorship, through tuition assistance or reimbursement, can reduce the financial burden of graduate education. In exchange, employees often commit to working for the organization for a set period after graduation, which offers both financial relief and job security.

Additional Cost-Saving Measures

Students can save costs by using student discounts, seeking stipend internships, and exploring fellowship opportunities. Proactively managing finances through goal-setting, expense tracking, and financial advice, along with using budgeting apps, can help make informed spending decisions.

Find Out More About Financial Aid, Tuition, and Costs of Attendance at Pepperdine University

Earning an MPP degree from Pepperdine University represents an investment in your future. The total cost of attendance is estimated at $77,416 (including tuition, fees, living expenses, and other miscellaneous costs). Pepperdine awards a number of scholarships each year which are made available through endowed funds, gifts from supporters and alumni, and allocation of University general funds. Over 90% of admitted students receive scholarships with an average of 70% of tuition covered. Learn more about Pepperdine's MPP program and financial aid opportunities.