The cost-of-living crisis is causing widespread financial distress among those in master’s and PhD programmes worldwide.
Many graduate students take on extra teaching duties to help pay the bills. “Universities can use that cheaper labour rather than hiring permanent staff members,” Garland says. He calculates that graduate-student stipends in Australia equate to about two-thirds of the national minimum wage, forcing many students to look beyond the university for extra income. “Some are driving Ubers or working at a pizza shop,” he says.
Solomon says that he’s planning to end his formal education after getting his master’s degree, largely because he can’t see himself coping with poverty-level wages for another four or five years to earn a PhD. In the survey, just over one-half of master’s students said that they planned to continue to a PhD programme. Almost one-fifth of respondents said that they expected to accrue debt while studying , some on the scale of tens of thousands of dollars.
The Purdue survey found that students who expected to make more in their eventual careers were less likely to save money while studying. “Some of them are doing it as an investment,” Lusk says. “They’re willing to take out loans to make more money in the future.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stanford Tree draws suspension for ‘Stanford Hates Fun’ banner during football gameBut fans of the zany Tree need not worry, it’s not going anywhere despite the suspension.
Read more »
Dallas ISD wants big money to bolster school safety, not vouchersDallas school leaders want state legislators to funnel more money to protect students, not to pay for school voucher proposals.
Read more »
Ask Amy: My sister has made an impractical career choice, and my parents are enabling itI’m hurt that my parents would put aside money for her but not for my kids.
Read more »
D.C.-area forecast: Showers scatter about, but probably not a Halloween washoutTemperatures are above average all week, with highs frequently near 70.
Read more »
‘We’re not ready’: NY, NJ still building for extreme weather 10 years after Hurricane SandyA decade after Sandy, New York and New Jersey officials are still working on resiliency projects that total billions of dollars.
Read more »