Is a PhD I This Economy Worth It??? As I am currently looking to reapply to grad schools, I noticed when I call/email professors regarding research projects most of them say they have low or no funding and cannot support new grad students. Now, assuming they are not lying to me, the number of professors with low funding is astonishing. This makes me question whether or not a PhD is a financially good decision in the short term. What do you think? For professors and more knowledgeable people: what are the prospects of funding situations improving inthe next 2-4 years?