<p>futuregradstudent,</p>
<p>living expenses in new york are extremely high. you should factor in an absolute minimum of $20,000 per year for your degree. so you’d be looking at $120K for your two year MA, not something closer to $100K, before interest is included. and that’s the absolute bottom. you’d be living with a roommate and eating ramen noodles. if you wanted an apartment large enough to turn around in and you’d plan on spending more than $10/day to survive, you’re looking at $30,000/yr, bringing up your debt before interest to $140,000.</p>
<p>don’t underestimate how much it costs to live in new york city. your debt estimates will be much higher than you’re currently anticipating.</p>