I was recently accepted into Columbia's Medieval and Renaissance Studies MA, and I'm trying to decide whether or not attending the program is worth the cost (if this sounds familiar, I posted last week in a different thread, but I have since received my official acceptance with more funding information). Essentially, the total cost of the program would be around 80k, and I have been offered a 20k fellowship. I'm hoping I can also offset the cost to some extent with personal contributions and potentially finding a part-time job, but at some point I will need to take out loans to cover the rest.
I eventually want to end up in a PhD program studying medieval history (I struck out on all of my applications this cycle). It seems the main benefit of completing this MA is improving my language skills--I'm comfortable reading in German and I took four years of Latin in high school, but I did not continue it in undergrad, which I think ended up hurting my PhD application. My hope is that I could refresh my familiarity in Latin and use some primary Latin sources in my MA thesis to use as a writing sample for the next application cycle as a way to demonstrate comfort with using Latin sources.
I would really appreciate any thoughts you all might have on my situation.
tl;dr: Accepted into Columbia's Medieval and Renaissance Studies MA, program is very expensive, trying to decide if attending is worth it.