I will say, I encountered this scenario last year (east coast edition) with Emerson. Beforehand, I was acquainted with some of the students and professors in the program and when I asked for their thoughts, they essentially re-iterated don't pay for an MFA. I would agree. A single credit at Emerson is about as much as I make in a month presently, the degree would never pay itself off, and any student loans would be substantial and I'm not exactly comforted by the state of student loans in the US, especially now. This is my second cycle applying to Emerson along with other fully funded programs and if I have a similar cycle to last year, I'm probably just going to apply again in the hopes of full funding and perhaps try for other writing opportunities in the interim.