[MFA 2017 All Art ADMISSIONS freak-out forum!!!!!!!!]

11 hours ago, felixo said:

Work and hope for the best, prepare for the worst - aka 30-50k a year hustling adjunct etc. Estimate what your monthly payments are going to be upon graduation, and then imagine living your life without that money for 10-20 years (whatever your plan is). If you can do that, go for it. If it seems rough....it very well may be. 

Source - have been paying between 400-800$ a month for about 8 years on my loans (about 60k debt - I pay more when I can afford it) and it very much affects lifestyle. It could be the difference between having a roommate as a 32 y.o. or having your own apt, whatever. It could be what prevents you from accruing enough savings to put down for a house/condo at that age. Not saying I would trade in my education - but...for some perspective.

*This assumes no inheritance, SO with main income, support from parents etc. Basically, if you're not on your own financially, the situation could be different of course. In fact, that often IS the difference. 

 

Thanks a lot for your input. Especially since you're actually paying them off and going through it. After all is said and done I'm pretty certain (about 85%) that I still want to go. I'll definitely break down the monthly costs and plan for a 10-year payment plan

[MFA 2017 All Art ADMISSIONS freak-out forum!!!!!!!!]

Hey I've been lurking for a loooooooong time and thought I'd finally post. 

I got into Pratt in December for Experience design, got into Parsons yesterday for Design and Technology, and I have an interview with SVA tomorrow! I'm really excited about Parsons since it was my number one choice but unfortunately, I didn't get a scholarship. I'm still going to go and pray that future me is successful and can pay off my undergrad + grad loans. 

This may not be the place for it but basically what I want to know is how many of you are also going to undertake huge loans in hopes that you'll be able to pay them off with an MFA degree?

 

Good luck to you all!