iām not in grad school/havenāt applied for other reasons, but a big piece of advice my v wise mentor/professor in college about grad school was that she really stressed not going into debt for grad school, especially in todayās world and job market. so even if you arenāt sure youād 100% āuseā it, if itās with scholarships and a fellowship so you graduate debt-free, worry less. on the other hand, even if youāre very sure you would āuseā it but youād have to go into debt seriously ask yourself if itās that worth it.
if you only want a masterās (in the US), there are not always as many fellowships / assistantships for masterās students so go for a PhD program with a āterminal masterāsā so you can do two years, decide if you like it, and if you donāt you still get a masterās at the two year mark (this was also advice i received). my obvious caveat is that iām not in grad school (yet?) but iād literally trust this professor with my life so i trust that this advice is sage enough to pass on!