So I've gotten into 2/4 MA programs that I've applied to. I'm an art history/museum studies major, but I won't be receiving any funding from the schools I've been accepted into. One of them is my top choice, but I'm already $40k in debt from undergrad and not willing to take out another $100k since I'll never make that money back in a humanities job.
Quite frankly, I'm disappointed. I haven't declined any offers yet, but I'm not planning to accept them either. I'm alright with taking another year off and reapplying for 2011, it just sucks that I had to quit my job just in case I was going to get into grad school (I work in Japan and my yearly recontracting deadline was in Feb).
What is your take on this situation? I feel like a loser, especially now that I'll be leaving my current (well paid) position in Japan and moving back to the US to deal with the dismal job market.