ph.d. programs pay better, the tuition is waived and, depending on a program and location, you get anywhere from 11K to 19K per academic year for up to 5 years, and of course you can still earn extra money during summers.
Well, I am in a PhD program in the NY area and unfortunately, many schools in NY do not pay that much for an assistantship. In other states, you are correct, but for some reason not like that in NY
...you get some money, but it definitely does not cover your whole tuition and definitely does not get waived lolz..I will be in debt forever