Letters to the Editor
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You'd better have a good reason for staying in the program.
LW,
Now is a good time for some serious self-reflection. Ask yourself what you want out of life, and why you want to stay in the program. Is it because you love writing, despite the fear of not being good enough? Or is it because you feel obligated to finish something you started--because you feel you have something to prove? If it is the later, then GET OUT NOW. I know too many people who have stayed in school, not because they wanted to be there, but because they felt they had to be there, and have crashed and burned because of it. They slugged it out, didn't complete assignments (or failed them), and after a few years of being completely miserable and getting into further debt, finally quit.
You need to assess if your motivation is strong enough to get you through the program. If you think it is, then by all means, stay. But if not, now is the best time to leave.