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Thanks for your message. You're right about the financial side of this which is why I was trying to figure out an average number of schools people apply to. I was a bit surprised when a professor told me to apply to about 15. I'll narrow down the list to 8-10 probably in a few months, mostly after I visit the schools/departments.
Otherwise, the money situation isn't too great but i'd rather apply to more schools for better all around chances.
And to answer your original question, yes, I am very excited to spend seven years on some of these campuses, not all.
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