This is a wrong theory and wrong view. Being grad student pays unlike being masters or undergrad. Although the pay is not all that high, it's important to reali

This is a wrong theory and wrong view. Being grad student pays unlike being masters or undergrad. Although the pay is not all that high, it's important to realize that vast majority of fresh out of the college students earns $55K or less. In fields like CS, grad students have phenomenal prospects. The reason American students are vanishing from grad schools is simply because (1) grad schools don't have quota system that forces them to accept only limited number of international students (2) they compete with best of the best of ALL countries. If you are going to compete with top students of China, India, Russia and other 200 countries then most likely you are going to lose.