Your schedule as a grad student is likely to be just plain weird. And living alone will allow you to have to deal with one less headache: You can come and go as you please, sleep a bit later in the morning in order to compensate for late nights.
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Living Situations
If time is at a premium for you, consider an accelerated graduate degree. This article details the ins and outs of accelerated graduate programs.
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No Time for Graduate School? Take an Accelerated Program