I think it comes down to who we are allowing to do a graduate degree now.
I look at myself as one example of many other stories that exist. Should it cost $100,000 in debt to get a Ph.D., especially if we're looking at my prospects for a career? If I wanted to continue on in science, I would do a post-doc, make $45,000 a year and continue to start paying off my debt.
These students in post-docs are young adults. They are in their late twenties and early thirties. They often have dependants. They want to invest the same way their peers do. They want to be functional young adults in society. That's not possible right now.
You're right. It's going to eliminate people who don't want to take on all of those burdens. In our survey, this was shown many times.
Home ownership is one that comes to mind. This was brought up in the committee before. Eighty per cent of our graduate students rent. Only 10% own their homes. These are students in their early thirties. This is unprecedented compared to the national averages, which we are already concerned about. I think examples like this show just what that impact is on the students and post-docs.