1) How much will getting your degree cost? Type a paragraph outlining the costs in great detail (inputs). Include at the very least the price of books and the cost of tuition. You may also incorporate any additional costs that apply (e.g. increased child care). You may use your net out-of-pocket expenses for this analysis if you receive financial aid for your education. Always take opportunity costs into account (e.g. what are you giving up to pursue your MBA). Opportunity costs will be especially important for students receiving full scholarships.

2) What is the expected marginal pay increase? Detail your plan to use your degree to your advantage in a separate paragraph. (For instance, if you are making 60K now and anticipate making 75K with your degree, you are paying back 15K annually.) You must provide research as a justification (e.g. a link to what comparable positions are paying or aspirant positions that may be open to you once you become armed with your MBA).

3)Display the payback calculation. The Payback Method is considered a simple method because it does not take into account the time value of money, but it is also simple to understand and allows for quick evaluation. 

4)What long-term impact will this have? Type a third paragraph describing some of your career opportunities after you've completed the payback period. This can include a prospectus outlining the net effect over the course of your career, or it could be a discussion of some intrinsic value that you gain.