“If you need student loans while in a PhD program, you’re doing something wrong.” ~My grad advisor.
We all needed to take out additional loans, OR some people group-homed it… in a shack their parents pitched in for.
Haha, I will never own a house.
I’m a professor, soon to have tenure (fingers crossed), and can’t afford to keep my family home if it’s given to me outright. Meanwhile, our admin refuse to acknowledge a COLA assessment. Wheeee
PhD stipends have never allowed for house buying in my time period at least. All the same people compete for it.
Yeah but there used to be hope for affording a house after you finished and got into a tenure track position. But now there are barely any tenure track positions and even those don’t always pay enough for a house
oh I know it. I was in a phd program in 95/96 and back then was grand times compared to now but one reason I gave up in my first year was a position opened up and the average resume had 7 years post doc experience and one guy had 12. That combined with no one graduating before 5 years anymore (used to be 4) and 6 not being uncommon and there was a guy in our program defending on year 7. So 6+7 is 13 added to 22 and you get 35 when you are starting your career because now you have to establish your lab and publish or perish. ugh.
It’s kind of wild how many PhD positions there are for so few jobs. Maybe they should just start limiting how many PhDs can graduate in a year in the country to however many jobs there are. Create some sort of stability in the market and limit the number of young people wasting 10+ years of their lives in a field where they may not be able to build a career. Similar to how med schools limit numbers to stay proportional to the number of residency positions.
