Funding

Forum for the GRE subject test in mathematics.
notcaca
Posts: 3
Joined: Sun Feb 08, 2015 3:41 pm

Funding

Postby notcaca » Sun Feb 08, 2015 5:14 pm

I am an international student, and have some questions about funding.

1. Are stipends usually enough to live on comfortably?

2. What is a "good" funding offer?

xor
Posts: 52
Joined: Tue Sep 16, 2014 9:34 am

Re: Funding

Postby xor » Sun Feb 08, 2015 7:36 pm

notcaca wrote:I am an international student, and have some questions about funding.

1. Are stipends usually enough to live on comfortably?

2. What is a "good" funding offer?


Hello notcaca, I hope someone with more information will respond but as far as I know, these two answers depend heavily on the cost of living in the location of your grad school.

An example of a cost of living index table for North America:
http://www.numbeo.com/cost-of-living/re ... region=021

unitofobscurity
Posts: 8
Joined: Sun Dec 21, 2014 3:30 am

Re: Funding

Postby unitofobscurity » Mon Feb 09, 2015 1:05 am

Agreed, it's highly variable. In Ithaca NY your stipend will make you solidly middle class. In the Bay Area, you may still need to take out student loans to pay the rent.

I know a couple who did grad school at Cornell together, and between the two of them they had enough money to get a mortgage for a house. By contrast, rent in Berkeley CA for a studio apartment starts at close to $1500 per month (according to friends there).

Wherever you get in, you should ask current grad students whether they can afford rent and food on their stipend without taking on extra debt (or parental support, &c).

functorofpoints
Posts: 13
Joined: Fri Nov 21, 2014 9:09 am

Re: Funding

Postby functorofpoints » Mon Feb 09, 2015 3:16 am

unitofobscurity wrote:Agreed, it's highly variable. In Ithaca NY your stipend will make you solidly middle class. In the Bay Area, you may still need to take out student loans to pay the rent.

I know a couple who did grad school at Cornell together, and between the two of them they had enough money to get a mortgage for a house. By contrast, rent in Berkeley CA for a studio apartment starts at close to $1500 per month (according to friends there).

Wherever you get in, you should ask current grad students whether they can afford rent and food on their stipend without taking on extra debt (or parental support, &c).


If you spend 1500 a month in Berkeley you're doing it wrong. You can get a studio for a bit under 1k right next to campus. Sharing with other people and living a tiny bit further you can cut that to as low as 500. Same with Stanford, you can live on campus for I think 9k a year or share a house in Palo Alto for about that much. If you want your own apartment in Palo Alto, you might be in some trouble since that'll cost you 2k minimum. Don't think you need student loans but I think Berkeley grad students cut it somewhat close.

Just make sure to not fall into the "this is an expensive area so I am not overpaying" trap, the range of prices is huge.




Return to “Mathematics GRE Forum: The GRE Subject Test in Mathematics”



Who is online

Users browsing this forum: No registered users and 3 guests