As a 27-year-old, marginally employed freelance writer and part-time Hebrew school teacher, my income fluctuates wildly from month to month. After I send in my rent check and pay for food and other basics, there is often little left over. A few years ago, I was faced with a rather stark choice—pay my medical-insurance premiums or my monthly student loan bill, money that I had borrowed to pay for an MFA in creative writing, which I completed in the spring of 2008. (If you’re questioning the wisdom of pursuing a Master’s degree in something as woolly as writing, get in line behind me.) I went with my health over my debt and deferred the loans. But I wasn’t comfortable deferring them indefinitely. The interest was steadily accruing, and I was panicking.
Hope you enjoy the rest. And my apologies to any readers currently in an MFA program. It was only mildly useless for me. I'm sure it will turn out differently for all other degree recipients.