Reply to Heading back to school. What would you do?

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Reply to "Heading back to school. What would you do?"

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[quote=Anonymous]I will be honest with you, your plan sounds really shakey especially with an infant.  I would think long and hard about whether now is the time to pursue a new career that will put you in deep debt when you have such a young child.  I recommend you read the threads about people who are tens of thousands of dollars in debt due to student loans and the pressure they are under.  It sounds horrible.   If the answer is still "yes", then I would try to limit my financial exposure as much as possible.  Rent, don't own, night school and work during the day, sell DC house to pay tuition, etc.  Now is the time to create a spreadsheet with income and potential costs.  Take that spreadsheet to a financial advisor and walk through all of your options.  I would also talk to a lot of people in the field you want to get into to get a realistic picture of what it is like to make sure you aren't glamorizing it.  The reality is that you are putting your family in a precarious financial position so make sure it is worth it.  [/quote]

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