This is the Ramsey Call of the Day, part of the Ramsey Network.

Joining me today is Ramsey personality, Ken Coleman.

Jake is in Atlanta.

Hi, Jake.

Welcome to the Ramsey show.

Hi, guys.

Thank you for having me. Sure. What's up?

So, my wife and I are celebrating. She just got accepted into grad school for her doctorate of

physical therapy yesterday. Wow. However, yeah, we're super excited. However, we are also not sure how to go about

paying for this. We are debt-free. We've been debt-free

for the past three years, and we do not want to take out student loans, but that's looking

like our only option, not entirely sure how to get her through grad school on a single income.

Okay, I know what a master's in PT allows you to do PT.

What does a PhD give you that the master's doesn't give you as far as career opportunities?

Uh, so that's a great question.

Uh, from my understanding, it, she'd be able to run her own practice and prescribe uh medicine and you know stuff like that i think she can run her own practice

otherwise but she probably can't prescribe medicine without a supervising physician yeah i don't think

there's anything that keeps you from running a practice, but the actual

prescription, yeah, no doubt about that. Okay. How much is it going to cost this particular school?

I think the estimated cost is about 100,000. It's a two-year accelerated program. Okay. And she's

been trying to get into this one, or she's been applying to multiple,

and this is the one that said yes? That's right. She's applied to multiple, and that's the only

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