@twentyeleven: thank you so much for posting the calculator. This is the issue that I am dealing with right now myself. Before I got accepted into any MFA programs, I was willing to borrow whatever it would take to get me what I wanted (the MFA degree). This has been a lifelong goal of mine and I will feel I am letting myself down by not following through. However, accruing that much debt may not be worth the slave to the debt that I will most likely become. For the school that has given me the most money, so far, I would have to borrow $61,000. This does not even include the loans I would have to take out to pay for living expenses. Tacking on that additional amount could end up totaling $100K - $140K. Add the accrued interest, this could total up to $190K. If I were to return to my current job after the MFA, I would have to pay upwards of $1600 month to repay the loans. I would not be able to afford renting a studio space like I do now. This is just ludicrous. Getting an MFA is a total crap shoot in terms of the benefits you will reap after. This is making me think I should look into the low residency programs because I could at least keep my current job and pay for some of it as I go along. Harumph!