The reason graduate schools encourage the use of loans is simply to ensure no one works during that time. It is okay to pay in cash or to have other loan options, but there are too many group assignments and intense expectations during those school years. Half of my grades were dependent on group efforts in grad schools. If these people had a part-time or full-time job on the side, my grade would have gone down.
Money cannot be left as a concern while in such intense schooling.
Thank You for that explanation. It makes sense.
Who do you think teaches all the intro and undergraduate courses?