Re:A glut of PhDs who can’t find academic jobs
by sjg007 on Monday October 02, 2017 @09:54AM
(#15383833)
Lol.. UCLA pays grad students 18k ish. Barely enough to survive. Yes not finishing is a real risk but it’s not true that students can generally survive on that without loans or savings. In other lower cost areas, they can. MIT, Columbia and other schools also have better financial packages / housing options.
At least in my field, physics, lack of sufficient funding meant you didn't get students.
This whole business wasn't risk free. There were students who dropped out because their prof lost funding. In my view, the risk of not finishing at all is a bigger cost of graduate education than the pay scale.