I'd like to give an update on my MFA application process. I was waitlisted for my two top schools (not including Yale of course): Brooklyn College and Columbia. I'm bummed about Brooklyn college because it's affordable, especially for residents of NYC. It would be much more financially doable and I wouldn't have to move to a new city.
I was recently offered a slot at Columbia and I'm afraid it's going to be nearly impossible for me to afford it. My situation is probably different than others on this forum because I am in my 40s. Going into debt in your 40s is a lot different than going into debt in your 20s or early 30s. I'm spending the next week aggressively searching for funding options that will ease my burden of debt but I'm afraid there are very few, and the deadline has passed for some.
My takeaway from this process is that elite schools like Columbia are falling behind the curve when it comes to funding their arts programs. If you really want to train artists, you cannot release them into the world after graduation with $100k in debt. Unless they come from wealth, they will spend much of their lives stressing about paying off debt which can dissolve motivation to create art. And, maybe more importantly, it will prevent people from lower socioeconomic backgrounds from the benefits of an MFA. I don't know the ins and outs of what goes into running a massive university in a place as expensive as NYC but it seems like there should be no reason that rich schools do not offer better funding to arts students.
For now I'll be scrambling to see if I can get some money together. And if I can't, I'll continue the grind here in NYC! Congrats to everyone who got into schools with good funding.