The $$$ of Education (was Re: How to Get Into Interaction Design?)

30 Jan 2004 - 12:29pm
1002 reads
Dan Saffer

On Friday, January 30, 2004, at 04:23 AM, Hal Taylor wrote:

> Carnegie Mellon's program is currently over $26,000 per year for a
> two year program (so, over $50,000 for tuition cost alone). Ivrea's
> program
> is also 2 years and is currently 25,000EUR per year (at current
> exchange
> rates, that's a little over $62,000, though it does include student
> housing).
> But with theses costs, I would never be able to realize this dream.

Some surveys have those with graduate degrees earning on average 30
percent more than those with just an undergraduate degree. So, in
theory, after a few years, the degree pays for itself.

That being said, it is a large chunk of change. But, as we graduate
students are often told (and continually tell ourselves), student loan
debt, like a home mortgage, is good debt. It's an investment, a
calculated gamble on future opportunities and earnings.

Every graduate student student I know is in school on a combination of
student loans, assistantships (either research or teaching), and
part-time employment. Very few of us (and certainly not me) are wealthy
enough to just plop down tuition, housing, etc.

Student loan interest rates are currently really low, and you are
paying it out slowly, over a large number of years. Is your education
worth a couple hundred bucks a month?

In short, if it's your dream, don't let the money stop you. Follow your


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