Quote:
Originally Posted by Pid Koker
Paying for school isn't an issue. I won't go into details here, but I was surprised how cheap in-state tuition is: around $12k/year. I went to a private college and tuition was like 2.5x-3x.
Yeah, but you won't be earning anything, either. Let's say you make $50k now and spend $40k. $12k doesn't look like a lot because it's what you save in a year.
Now take away your job (and cut your life expenses by 1/2) - you will drain $20k in life expenses and $12k for tuition from your bank account. Three years of that is just shy of six figures.
If you have a plan, that's fine. I just want it to be a plan and not a vague feeling.
My brother went back to school for a MA, but with like half a plan. He saved enough to pay his tuition and living for 2 years (out of 3), and decided that was good enough. He got a (decent) part-time job in his third year, and took out some loans, and made it work. But basically he graduated with an empty bank account and a negative net worth. It was fine until he wanted to buy a house and had like zero down payment and a short earning record.