Select a program to estimate its cost, salary, payback period, and Cost to Income Ratio (CIR).
Cost to Income Ratio (CIR): This shows what percentage of your annual salary the course fee represents. A salary hike of 10% is assumed here. A lower CIR is better, as it indicates a quicker return on your educational investment.
Ph.D. Programs: 'Net Cost' is an estimate of expenses not covered by a typical stipend. 'Salary' is the potential starting salary in academia or R&D after completion.
Medical (MD/MS): 'Cost' represents the high tuition fees. 'Salary' is the potential income for a specialist doctor.
Fellowships: 'Net Cost' is assumed to be minimal. 'Salary' represents the annual fellowship grant amount. The extremely low CIR reflects the high financial benefit.