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It's a bit of a shame that the US doesn't really allow part time PhDs (at least not in any of the schools that I asked). If they did, conceivably a lot of these students could get a relatively well-paying job in engineering or a lab or something, and as such the schools could get away with paying less. Part of the reason that I didn't bother trying to pursue the CUNY PhD in mathematics was specifically because the stipend they were offering wouldn't be enough to cover my mortgage (~$2,000/month), and they didn't offer any kind of part-time plan. |
College Professors don't exactly make the big bucks either.
Yet, universities in the US have made put many Americans in lifelong debt.
These colleges are all "nonprofit" (and get significant tax benefits), so where is the money even going?