Financial problems after PhD?? I know it's an EXTREMELY far way off from where I am now (high school junior), but I still need to be conerned with the future. If I plan on going to a relatively cheap universty to get a bachelor's in Physics, then go on to get a PhD in some engineering/experimental physics field (say, condensed matter) at a prestigious school like MIT/Caltech, will I be woeful amounts of debt when I graduated from grad school? Again, I know it's a very long time from now, but it's still important in my decision making. Are Ph. D Engineers usually dead poor after graduating? How bad is it? How long do they usually stay that poor? My family isn't any where near rich so I don't plan on relying on them.