- Dec 25, 2008
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I've read (and written myself) the reasons why one shouldn't take on debt for a psych PhD, but I was wondering if there is any "acceptable" level of debt that people think is managable. I'm deciding between two programs--one that would likely require $0 debt (assuming my GAship remains intact for all four years) and another that would likely require $15k-30k in total debt (smaller stipend and higher COL area). I'm generally very debt averse and have no debt from undergrad, but in this case, the program that would require debt feels like a better fit, and I'm wondering if a small level of debt may be worth it.
So, is any level of debt "acceptable" for a psych PhD? If yes, what do you think the cut-off for such debt would be?
So, is any level of debt "acceptable" for a psych PhD? If yes, what do you think the cut-off for such debt would be?