I have been meaning to write this post for a while now because it’s something I think about daily, something that has become unavoidable in my life. If you go back and read my post about getting an MFA, you’ll see that I don’t regret going to graduate school for writing or the loaned money that it cost me. But just because I don’t regret it, that doesn’t mean I’m content with the consequences. I know many people who made the choice to pursue a writing degree and are now completely underwater in loans with little hope of surfacing in the near future. To think that you’re going to spend the next ten or fifteen years paying the minimum payment, accruing compounded interest that will eventually double the original size of the loan, is something that, I think, can seriously hinder a young writer’s inspiration. True, writers throughout time have struggled financially and it could be argued that it positively influenced their work (Faulkner, for example). But their financial troubles were more along the lines of “how can I pay rent, how can I eat, how can I drink this month” and not “how am I going to do all that and pay $500 in student loans on top of it.” What it all comes down to is that young writers are doing themselves a great disservice by taking on so much debt and unless you have a hustle outside of writing that pays well, you may never get out of that debt.

Universities are learning what a great money-maker the MFA is, which is why more and more MFA programs start up every year. Despite the economic issues we’re having right now, it’s still incredibly easy for students to get loan money. This is a recipe for financial ruin. What’s even worse is that the demand is there for the MFA; search the internet and you will find blogs dedicated to people applying for an MFA, complete with stories of a young writer not being accepted year after year but wanting so bad to get an MFA that he or she will continue applying every year until they are finally admitted. You don’t think universities notice this? If there is a student willing to take out some loans to go to school for a degree that confers on you almost nothing (in a job possibility sense), universities will create a program to cater to that student to increase their revenue. I’m not trying to paint universities as demons, they do indeed want you to learn and expand yourself, but they are businesses first. Don’t ever forget that.

Very few writers actually make good money; writing should be about the words, not about any financial reward that comes from it. If you get into writing thinking you’ll earn a livable wage from it, enough to support a family and buy a house and have all the conveniences of modern life, you will be in for a surprise. Many people do make money from writing, but they are still a small percentage of the total pool of writers in existence who make nothing. Being successful in writing is hard enough, so don’t purposefully put another roadblock in your way in the form of debt. If I learned anything from my time in an MFA program it’s that your writing, the way you approach it and the places it can lead you, are wholly up to you. You don’t need to drop loads of cash that you don’t have to buy the time to write — you have that time to write right now.

I’m lucky. I have abilities outside of writing that allow me to earn a good living and as such I am taking an aggressive stance on repaying my student loans. I’ve reached a point where I just hate that I’m in debt, it makes me feel trapped, and I want to pay it off sooner than later. When I finally claw myself out of the hole that debt is, I know the air will be much cleaner and I will feel much more liberated. Why? Because I will have far fewer monthly bills, allowing me to instead spend that money on something worthwhile… like life.

This talk of Writer’s Poverty reminded me of Jessi’s post from a few months back questioning why aspiring writers don’t read more literary journals. This was quite a popular essay and even got us linked on the Huffington Post. In her entry Jessi speaks to the contradiction that literary journals want you to read their publications before submitting, but if a writer were to subscribe to all the journals to which he or she might want to submit they would go broke in the process. There is no possible way that every writer who submits to a journal could actually afford to read that journal.

I used to subscribe to a handful of journals, most notably the Paris Review and Zoetrope: All-Story. I ended my subscriptions because, essentially, the work they printed bored me. That’s not to say I was completely unimpressed by anything published in these magazines; I was, however, more often than not nonplussed about each issue as a whole. But I’m willing to give the whole thing another shot.

So I think I’m going to subscribe to some literary journals. I have, for a few years now, wanted to subscribe to The Sun. Every opportunity I’ve had to read one of their publications left me happy I had cracked their covers. It’s also a boon to their journal that they publish monthly and are completely ad-free. But beyond that, I’m not sure to which journals I want to subscribe. Ultimately, I’m looking for some cutting edge work that actually excites me. I’m fatigued by the “me-me-me” writing style about privileged and disaffected youth that seems to permeate the world of the modern short story, so any journal that publishes that kind of stuff is out. I’m also not a big fan of a magazine like the New Yorker… granted, they publish some really great journalism but I, however, am more interested in fiction. I think the New Yorker publishes very safe fiction. But I also don’t want to read stories aping some sort of post-modernist style that don’t really have anything to say; that screams to me safe masquerading as rebellious. So where, dear reader, should I look?

I’ve been dissatisfied with the novels I’ve been reading lately (Nightwood by Djuna Barnes and I’ve Been Down So Long, It Looks Like Up to Me by Richard Farina for two) and literary journals could be the perfect thing to read on my daily commute. I’m thinking of subscribing to maybe five different journals. Let’s count the Sun as number one. Four more to figure out.