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Thanks! I think I might get those expanding braces, as I doubt that the stud is close. I'll have to double check. It looked like my best bet for keeping the hole small, and not having to re-texture....

I can't answer all of your questions, but I can say something about money for a masters. When working on a Masters or PhD, they usually call it a fellowship instead of a scholarship. Search for that....

What qualifies as too heavy? I'm putting up a 5-light fixture, with individual glass shades. This one:
3-Light Vanity Fixture

Except it has 5 lights, like I said above, instead of the 3.

We are working on staging our home for sale. Part of that is replacing the "hollywood" bar lights over the mirrors in both bathrooms. In case you're wondering, they looked somewhat like this:

DIY...