fc_pga wrote:Finally got my first acceptance today - UCSB. Yay.
what this 23k is tax free??
I thought there would be taxes on them.. thus effectively we will be getting something less than the amount stated..
Any money you make in the U.S. will be taxed, including your stipend. I'm making around $2000 a month right now and end up paying about $400 per month for taxes. The amount varies from person to person based on the amount of exemptions you claim.
moyses wrote:I still don't understand very well the financial support in US universities. What you call stipend is the total amount of money that you get?? Or it is possible to make more money as a first year graduate student??
For example, I got accepted at NYU and they told me that the stipend is around 23k. This means that I will only receive 23k or I can find other ways to make more money? (like research assistantships ...)
Another question is: It is possible to live in NY with 23k/year?
The stipend is the total amount you get in addition to the tuition waiver. It is possible to make more money through fellowships, but the stipend already includes a RA or TA. Typically, you'll do a TA for your first year or two, and then move onto an RA which often pay more but not significantly so. As far as surviving in NYC on 23k a year, it will definitely be tight, but there are plenty who do it. My mom raised two kids on about $12,000 a year (although it wasn't in NYC). I just hope you don't have a taste for designer clothes and cavier.