You're quite right. Going by the 1800 estimate, that works out to some serious poverty wages. However, my plan is to at least get into a fully funded PhD program. If I can't find decent employment as a professor after that, then so be it. I will find something else to do. But I'm wondering whether, for right now, it would be wise to finish the MA, added debt and all. If not, then I would probably have to start all over again in a new MA program or simply shut off the academia career path entirely. As I said, I would prefer to at least take a shot at a PhD before I close said path, but if the debt I will have accumulated makes it not worth it, then I will close it now.