I'm 1.5 years through my PhD (started Jan 2014) at the same school where I got my BS. I mostly stayed because my undergrad research advisor is great and had a nice funding deal (3 years tuition + stipend and guaranteed TA/RAship for 2 more years after that). Passed my quals early, but got bogged down trying to wrap up a huge survey paper she's had in the works for too long (5ish years, maybe?). Everything was pretty OK up until about two days before this semester started. I have three different stories of what actually happened, but the long and short of it is that that the money paying my tuition and stipend is gone. Fortunately I had a GTA position lined up already since I wanted to get some teaching experience in, so I'm not scrambling for money this semester. I'm pretty unhappy with my department, too. I was on the fence when I started, and it's gone downhill since then (incompetent chair, good professors leaving, almost no 6000 level classes offered that are interesting/relevant to me). I don't feel very intellectually challenged here. Also, the general response I've gotten from people in it when discussing my funding situation is "shit happens", which isn't exactly what I was hoping to hear from them. Another complication is that I'm married; my wife is an undergrad but recently started working full time at the university to pay for her education. While she likes being self-sufficient, she really regrets taking the job because it's a clusterfuck of mismanagement. Also, this university doesn't offer a degree in exactly what she wants to study. All this to say: I'm considering leaving with an MS and continuing my PhD elsewhere. I could arrange to take a couple classes next semester, which would complete my MS coursework requirements and I'd be all lined up to start at a new school in the fall of 2016. I could also switch majors at this point. Of course, if I leave, I effectively have to re-roll the dice on getting a good advisor and department. I also have a decent amount of stuff (small home shop, cars), so moving is a little pricey for me, but I have enough savings to afford it. Questions: 1) Is one of these options clearly better than the other? Are there other options I'm not seeing? 2) How do universities tend to look on people who leave a PhD program with an MS to go elsewhere? How do I write that up in a personal statement? 3) How do I approach this topic with my advisor? I understand that she has a vested interest in keeping me here and can be quite persuasive.