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Reply to "How do young people pay for graduate school?"
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[quote=Anonymous]What field is your DS considering, OP? My DH has a PhD in physics. In theory it was “paid for” with teaching stipends and grants but the low income was such I feel I supplemented. I have an MPP. I received a full academic scholarship for my first semester of the two year program. After that I had a partial scholarship and worked for a professor that had both pay and course credits as compensation. The bigger cost than tuition / books was foregone salary. I had been making about $32k and quit my job. My part time job for the professor was less than half that. I had lived with my parents for almost two years after college, so had a lot of savings, and my grandmother helped me too. I ended up not taking any student loans (after scholarships and the job I owed about $6-7k) but my agency does have a loan repayment program. Getting an MPP for a tuition cost that low was with it - especially since you can be in and out in 2-3 years (depending if you’re working full time too). I wouldn’t do it if there were $80k in loans (like some people I know) or 7-10 years in a phD program (like my DH and many of his peers). At one point I figured out if I’d stayed in my job with expected raises vs grad school expense (including foregone salary) that the grad school decision would be the right financial choice after about 7 years in the field. I’m almost at 15 years. [/quote]
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