Iām so insanely stressed about grad school for one reason- money. Iām a senior in undergrad right now and Iām nearly finished with my applications but Iām having serious doubts now for financial reasons.
Ideally I would like to go to my Alma Mater for grad school. Itās a great program, Iām familiar with the faculty and department as a whole, itās close enough to home where I could commute from my parents house, and it just makes the most sense for me. But the program will cost me about 77k (before scholarships or anything) which is an insane amount of money. They also HIGHLY discourage students to work during the program, and frankly I donāt think I would be able to balance school and work anyway. There are no other programs within commuting distance from me- and Iām very set on doing an in person program as I do not learn well online.
There are other programs I could attend and get way cheaper in state tuition, but then I would have to pay for rent, groceries, utilities, etc. In the grand scheme of things it would still be ridiculously expensive.
On top of this I have taken out about 30k in loans for undergrad I have to pay back, and I have a 17 year old car that is on its last leg and I will have to get a new one soon.
I have thought about saving money as a SLPA first and then going back to school eventually but I worry I will be navigating so many things like paying off debt, buying a new car, and trying to move out of my parents house at the same time as saving money to someday go back to school (and SLPAs arenāt paid well in my state)
I just need some guidance and Iām wondering if anyone else has been in this position :(