On the heels of all the good and accurate things that Pieter wrote, I do intend on attending a fully funded MFA program, meaning that I won't attend any MFA program if I know I have to take out loans. I know that Yale and UCLA offer full scholarships to those who show need (of which I can possibly qualify). I also know that Stanford MFA's program not only fully covers housing and tuition if you matriculate, but they also give you a very generous yearly stipend for you to use on your work. That said, Stanford is certainly a top choice. Of course, I have to get in first...
I think that after years and years of hearing college = debt (which is true in most cases), many people are blinded to the fact that there are actually some schools (and some MFA programs) that are fully funded and tuition free, which is certainly something to reconsider.
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