Pursuing an advanced degree is one of the most crucial financial decisions you will make in your life.
There are many things to consider, such as the tuition, the opportunity costs, the right school, and the job market.
Do your research and find out whether an advanced degree is worth it in your field. While going to grad school may work for some people, for others, it can leave them financially worse off.
If you can't work and study at the same time, you will have to spend more time trying to pay off the debt. This in turn will make it harder for you to save for other goals.
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