Student Loans above Funding Offer

[gatorsoc85]

So I am looking to start in the Fall 2013 in my PhD program (been accepted and deferred...so definitely going) and my package covers tuition, health care, and a 10,000 stipend. While it doesn't seem like a bad package, in the area it will not be enough to cover housing/living.

Does anyone else run into this? I am a little hesitant to take out student loans as faculty salaries for new faculty are not that hot, it seems. So paying back is a concern.

Thoughts from others?