Why is it recommended to create a budget before applying for loans for a graduate degree?
Creating a budget before applying for loans is recommended to estimate the required borrowing amount accurately and to have better control over expenses throughout the program, ensuring financial responsibility.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Why is it recommended to create a budget before applying for loans for a graduate degree?

### Input: Not applicable

### Response:
Creating a budget before applying for loans is recommended to estimate the required borrowing amount accurately and to have better control over expenses throughout the program, ensuring financial responsibility.<|im_end|>