Timeline for Switching from physics to math PhD with NSF GRFP
Current License: CC BY-SA 4.0
4 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 11, 2022 at 12:59 | comment | added | Anonymous Physicist | @user2705196 The inflation calculator I just checked says it's 30% less than 2005, not 20%. My reference point, which was based on personal experience, was close to 2005. $39,000, even spread over three years, is a lot of money to a graduate student. | |
| Apr 11, 2022 at 12:38 | comment | added | user2705196 | It looks like the highest comparison point would be 30k in 2005. Even compared to that high point, today's GRF is only around 20% less inflation adjusted. Before the big jump in 2005, the GRF was 19k in 1999 which would be around 32k today... I guess we should draw a diagram of inflation adjusted GRF stipend as a function of time to do this properly. But I wanted to add a few data points here to put things into perspective. | |
| Apr 11, 2022 at 12:35 | comment | added | user2705196 | To comment on the inflation part: The GRFP was started with a stipend of $1,600 in 1952 which would roughly equate to $17,000 in today's money. The current actual value of the GRF is $34,000. Yes, there will have been periods over the last 70 yrs where a GRF was more valuable than today, but I think it's a bit misleading to say that "Thanks to inflation, the GRFP has lost a large portion of its value." | |
| Apr 10, 2022 at 22:36 | history | answered | Anonymous Physicist | CC BY-SA 4.0 |