Question

Gary has just been accepted into a doctoral program in social psychology. Which of the following statements is true with regard to Gary's standard of living during graduate school?

Question 1 options:

It is unlikely that Gary will need to borrow money or adjust his standard of living during graduate school.


Gary will likely only need to borrow money or adjust his standard of living during graduate school if he does not receive tuition remission and a stipend.


Gary will likely need to borrow money or adjust his standard of living during graduate school.


If Gary receives tuition remission and a stipend, it is very likely that his standard of living will be much higher than it would be if he were working full-time.

Answer 1

Gary will likely need to borrow money or adjust his standard of living during graduate school.

Step-by-step explanation:

Graduate school, including a doctoral program, often involves significant financial commitments and expenses. While some students may receive tuition remission and a stipend, it is not guaranteed for all students. Even with financial support, the stipend may not be sufficient to cover all expenses, including living costs, housing, and other personal expenses. Therefore, it is likely that Gary will need to borrow money or make adjustments to his standard of living during graduate school to manage his expenses effectively.