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Unnamed comments on Deliberate Grad School - Less Wrong
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Grad school is free. At most good PhD programs in the US, if you get in then they will offer you funding which covers tuition and pays you a stipend on the order of $25K per year. In return, you may have to do some work as a TA or in a professor's lab.
The real cost is the ~5 years of your life.
This is most assuredly the case in the biological sciences. And you DO have to do work with your mentor, and sometimes also TA.