Engaging in higher education is a complex decision shaped by financial, social, and psychological factors. This research explores the interest of English as a Foreign Language (EFL) students in pursuing postgraduate studies during an economic downturn, focusing on 70 fourth-year students from UIN Ar-Raniry Banda Aceh. Utilizing a quantitative descriptive approach, data was collected through a close-ended questionnaire with 10 yes/no questions and 10 Likert scale statements, analyzed with descriptive statistics. The results of the survey revealed that 77,1% of students felt the economic downturn influenced their educational choices, while 87,1% believed that pursuing an advanced degree would improve their job prospects. Financial constraints were significant for many, with 55,7% of students reporting reduced family support for education. Nevertheless, 82,9% of students considered scholarships or financial aid crucial to continuing their studies. Despite these challenges, 90% of the students remained optimistic, driven by both intrinsic and extrinsic motivations. Additionally, 92,9% of students highlighted the importance of mentorship in their academic journey, and 97,1% of students emphasized the value of support from family and friends. Concerns about educational quality persisted, prompting a call from students for improved financial aid and academic support systems.