A dispatch from the literary world in New York magazine, by an older novelist, though it could apply to any number of creative persuasions: acting, music, design, painting, dance...
"And here is what seems most insane—young and not-so-young writers take out student loans to get M.F.A.’s in creative writing. This does not add up. I once taught in the M.F.A. program at Columbia, and so I know the extraordinary gifts that student debt can confer. But the Marshian in me says it’s impossible to start a life committed to literary fiction when you are $60,000 in debt. The very size of the loan assumes there is a market, a business to go into, a living to make. But the hard truth is that only a sucker writes literature with the intention of making money. This was so obvious in Australia in 1961, you never needed to say it. Today, when people seem to be breaking through all around you, it might be good to bear in mind that the only reward you can rely on is in the work itself."
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