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(10-02-2014 04:24 PM)Texas_Tryhard Wrote:  

Assuming you're invited to a graduate school, you should not be taking on any student loans.

Alice's graduate school experience: $70k in debt
My graduate school experience: Paid off all undergraduate student loans with stipend, with leftover for living expenses+vehicle.

The lesson: Don't go to graduate school unless you get paid for it. It's a sucker's game.

Golden.

I'd even apply this to undergrad in the form of your 1st year salary after graduating should be guaranteed to cover your entire tuition unless covered by scholarships or grants.