how much is a lot of money?
I recently got an offer for the anthropology PhD program at Stanford which would come with a fellowship stipend of ca. $6900 for three quarters and a research fellowship of $5500 for the summer quarter. Now, as I am German and have no idea of the cost of living in Palo Alto etc. I was wondering how much this actually is? I mean, to me it seems an enormous amount of money but I have this suspicion that the cost of living around Stanford is really high.
So, especially if you are receiving such a fellowship stipend right now, how well can you actually live on this? Will I really be able to save gigantic amounts of money, as I now think? Or am I sadly mistaken?
Thanks a lot in advance!
So, especially if you are receiving such a fellowship stipend right now, how well can you actually live on this? Will I really be able to save gigantic amounts of money, as I now think? Or am I sadly mistaken?
Thanks a lot in advance!