Is going for your PhD really worth it financially (debt-wise) and mentally?

Pursuing a PhD is indeed mentally taxing, so that’s expected; however, to layer financial debt, worry, and anxiety can be overwhelming - not only negatively affecting the ability to complete the doctorate, but having much longer lasting implications. To think that earning a doctorate (PhD) will result in riches beyond measure and that debt is not a concern is a panacea for the vast majority - especially for some degrees more than others.

Think of pursuing a PhD as a financial decision and whether there is a return on investment (ROI). If unable to repay student debt, based on your own income and resources, trouble potentially awaits. However, if working for a company that offers academic assistance, or working extra to pay current expenses, etc., then the debt burden (current and future) is relieved and the focus is on the education value, versus the cost.

A great book on this is Debt-Free Degree, by Anthony ONeal

Interested in hiring a dissertation coach or editor? Contact Dr. Lonny today at help@mydissertation.coach, along with a copy of your current dissertation (if acailable) for an initial assessment and quote.

MY DISSERTATION COACH

My Dissertation Coach offers doctoral students comprehensive dissertation coaching, consultation, expertise, and resources. Dr. Lonny focuses on the dissertation fundamentals, to serve doctoral level candidates towards successful fulfillment of their terminal degree through individualized 1-on-1 dissertation coaching/mentoring. Dr. Lawrence (Lonny) R. Ness has significant experience in successfully overseeing and guiding doctoral research candidates from topic selection to final dissertation oral defense, and all steps in-between. Click HERE for more information…

ABOUT DR. LONNY

Dr. Lonny is a senior dissertation coach and chair with many years of experience at multiple online universities, as well as through personal consulting engagements, with over 80 graduated doctoral mentees.  Dr. Lonny is qualified to walk you through your doctoral journey once you’ve decided to take the plunge!  If interested, please complete the inquiry and/or contact form to let Dr. Lonny know that you would like to speak further about your desire to partner with a professional coach towards doctoral degree completion – or any phase/aspect of the process thereof.  Dr. Lonny can be reached directly via email at drness@dissertation101.com or help@mydissertation.coach.