<p>
[quote]
sakky, you forgot to mention one thing in your first point: Funding. If the ABD student runs out of funding before the diss is completed, s/he may be forced to look for a regular job and have to work on the diss on weekends or in their free time in order to survive.
[/quote]
</p>
<p>Uh, actually, I think I did mention that when I stated that in my 3rd paragraph when I said that somebody could pursue a PhD in certain fields on a part-time basis while holding a regular job. For example, to repeat, that health care economics guy I mentioned has been sorely tempted to do precisely that, basically because he has to support a wife (who doesn't work) and 2 kids, which obviously isn't that easy to do on just a stipend. </p>
<p>
[quote]
Can't be too much fun to do that for free.
[/quote]
</p>
<p>Well, living in PhD student poverty ain't that much fun either, especially if, like some people, you're actually trying to support a family. The tradeoff seems to be a matter of graduating faster and actually having some money during the interim. If you have pressing financial needs, I would argue that the latter is looking pretty good. </p>
<p>Furthermore, a lot of people find a job opportunity that they like before they finish: Brin & Page of Google being the most famous example. Those guys are ABD. If Google hadn't worked out, oh well, they surely would have just gone back to Stanford and finished. Heck, they were actually in a no-lose situation, for their dissertation project was their company, so even if the company had failed, they still would have advanced the project and hence would be that much closer to graduation. The only thing they "lost" was their stipends, but that was hardly much of a loss at all as they were able to secure over a million dollars in funding in just the first few months of business. </p>
<p>To give you another example, take Bill Cosby. Many people don't realize that he's actually a serious scholar regarding the education of children, having completed a Doctorate in Education from UMass through part-time work. In fact, his dissertation was about the educational benefits of the show Fat Albert, the Emmy-nominated children's educational cartoon that Cosby himself had founded, produced, and provided the voices for several characters, including Fat Albert himself. Heck, during that time, not only was he working on Fat Albert, he also starred in several movies and released comedy albums, all while completing his doctorate part-time. I think that's pretty darn impressive. </p>
<p>I can also think of several people who were working on finance/accounting PhD's who took consulting projects in investment banking or hedge funds for a semester. The school didn't fund them for that semester, but they hardly cared, for they could make money in just 1 month to equal an entire year of funding. What made the situation so convenient was that their projects also part of their dissertations. For example, one guy not only made a ridiculous amount of money on a project, but also came back with a paper that became one essay of the standard three-essay dissertation. </p>
<p>
[quote]
Dependent, of course, on funding sources. In my program, we're not allowed to have sources of income outside our stipends, which I believe is a consequence of the NIH being our funding source.
[/quote]
</p>
<p>Actually, I'm not quite sure that's true, but I admit that I don't know the details. I suspect that what's really happening is that if you agree to take funding through NIH, you're not allowed to have other income sources, but you could choose to simply forgo your funding. For example, if you were offered a high-paying part-time job (as I know some Phd students get), you could just choose to take that rather than take your school's funding, at least, during the semesters when you're working on that job. </p>
<p>But I admit, I don't really know the details, so it may be true that a NIH project doesn't even give you the option of not taking the funding. That, however, opens the other (extreme) possibility of simply not working on NIH projects. Now, obviously, that will restrict who you would get to work for, and might even restrict which school you could go to, but it is an option. </p>
<p>For example, I seem to recall that Pfizer used to have a program to assist some of their chosen employees to get PhD's by partnering with various universities and working on Pfizer research projects that were (presumably) funded purely through Pfizer R&D and hence not funded by the NIH. I believe the deal was that while you would be given full salary and benefits as befits a Pfizer employee, the results of your dissertation would become Pfizer intellectual property, and they also get to dictate which project you work on. But if you like the project they give you, then I think it's a pretty sweet deal, as you'll be enjoying a far more lucrative lifestyle than the average grad student. I think Merck also used to offer a similar deal.</p>
<p>However, I don't know if those companies are still offering that. Nevertheless, the point is, there are ways to get a PhD in the health sciences without the restrictions of government funding.</p>