The Basics. The average debt of a master’s degree student upon graduation can range anywhere from $30,000-120,000, according to FinAid.org. When you pursue a master’s degree program, you are increasing your earning potential within your field and making yourself a more desirable candidate to many future employers.This is just one way a master’s degree is quite different than a bachelor’s degree, but it’s not the only reason.efore you enter into a master’s degree program you should check out the length. You can start as early as while you’re pursuing your bachelor’s — many major have a five-year combined bachelor’s/master’s program. In most cases, this saves the student at least one year of tuition. Type of Master’s Degree Program.