If I hadn’t had a full fellowship for my grad school, it’s unlikely I would ever have finished my Ph.D. I just didn’t have the financial resources to get by on partial TA-ships and the like that I was offered from some of the other universities I applied to.
That said… I think that for many people who go on for advanced degrees, money isn’t the prime motivator - love of the field is. I consider myself lucky to have figured out early on that my job was sucking the life out of me and I needed to try for something I could enjoy doing for the rest of my life. It’s been tough at times but I have no regrets. And while we can’t all set the world on fire, I’ve already got one paper that’s liable to be cited for a long time by others in my field, so I think I’m doing okay.
This gives me a brilliant idea… if I add in my tuition waver and fee fellowship, I jump up to a mind-blowing $17.40 per. That’s about a 50% increase, which in my book ain’t too shabby.
And from what I hear, they’re raising fees next year (Damn you, Gubernator!) so if I still get my fees, it’ll go up even more. Oh happy happy day…