rusafee1183
DVC Owner Since 2012!
- Joined
- Mar 11, 2008
- Messages
- 3,117
This is why the Groupies is the best group on the Dis 
Thank you all for your wisdom, experience, and encouragement. I think the biggest problem that we are facing right now is the fact that we are flighty people.
My DH says "I want to go back for Finance" .... and then the next year says "I want to go for Communications and Sports Management"
and then says "I want to go back for Pharmacy" and then says "Maybe school isn't the best idea for us, we make enough money to get by"
I'm not trying to throw him under the bus
but my point is that I do truly believe that he could be happy doing any one of those things. I know that going back to school doesn't always mean that you excel and find that perfect job and make all your money back. Sadly, I know more people with degrees working in another field completely than I know people who actually work in a field that they received a degree in. 
This may be TMI time, because I know that talking about money, and politics is kind of taboo - but between the two of us, we barely make $65K a year.
I work in asset management for a bank and he works as a pharmacy technition. We don't have a 'bad' life, obviously. We own DVC, we bought a house, we like to travel. But there are things that I know I can't have without making more. We have no babies, and couldn't afford daycare.... we always use credit cards. Everything I have is financed. LOL.
But, it's stable - and I know how to work it. I live paycheck to paycheck, but I understand it.
Everything about him going back to school scares me. Choosing the right major, paying for it, finding a job afterward.... Bah
Amen to this.
I didn't know that you were a CPA, so thank you for the insight. I think deep down I knew that taking out extra loans for living expenses was a bad idea... I just didn't know HOW bad of an idea.
My DH has also toyed around with the idea of going back to schol for finance, or accounting. Do you recommend it? Do you like it?
Congratulations on taking that step Maria! I can't imagine how long and drawn out and difficult this process must be for you.
I think that is why we are most drawn to the aviation route, because it's only a 2 year program rather than years and YEARS in school. Plus, like I said - we know people who it has paid off for, but that's not always the case.
Which is why I am hesitant.
Good luck with your decision as well Eliza.
It's a huge lifestyle adjustment, and sooo scary.
We are only 30 and 28, so the age descrimination doesn't scare me so much. The problem is that we are 'young enough' that people think that it's an easy choice, but old enough that we are established and have debt and we will struggle a lot if we decide to do this (or pursue any further education)
And about your other question, I really wish I knew that it would be lucrative and that the market would be stable. I feel like any time I get comfortable and think that I understand the situation - I get the rug pulled out from under me.
Those are some very scary numbers about student loans doubling in rates.
I had no idea... that is definitely going to be something we need to look into before we go any further.

Thank you all for your wisdom, experience, and encouragement. I think the biggest problem that we are facing right now is the fact that we are flighty people.


I'm not trying to throw him under the bus


This may be TMI time, because I know that talking about money, and politics is kind of taboo - but between the two of us, we barely make $65K a year.

But, it's stable - and I know how to work it. I live paycheck to paycheck, but I understand it.
Everything about him going back to school scares me. Choosing the right major, paying for it, finding a job afterward.... Bah
You have some very serious burden there and I do not know if I can help you sort it out. I will preface my comments by reminding you (if you do not know already) that I am a CPA of many years and will be married forty years this month. The first point is to tell you that I deal with these things all the time, the second to tell you that I have some very real life experience.
For what seemed about half of our marriage, Rebecca and I whipped each other through our education - meaning, she would work while I pursued my education for awhile and then I would work while she pursued her education, and back and forth. The end result, I have two bachelor degrees and a master of taxation degree and she dropped out of medical school when we adopted our son some 23 years ago. She is an RN and a CRNA and has a degree in Biology with a minor in English. And now she works in my office. (Oh, and we did all of that with a minimum of borrowing for student loans). I give you all of that to point out that it is doable. As to borrowing for living expenses, I would advise against that because it is a very slippery slope. The very first thing you two should do is determine what it is that you want to do. What is your two, five and ten year plans. In separate rooms, you should both sit down and write out those things and you both have to know that there is no wrong answers here. When you are done, you need to take whatever time it takes in a space where there are no distractions and reconcile your list to his and his to yours. This can lead to some very meaningful communication. It is important to be honest and these can be very revealing (and relationship building) activities. Once reconciled, you need to determine how you are going to get there. Okay, wait for it because here comes that word that none of us like to hear. Now that you know where you want to go, begin to create a budget for getting there.
Once you have done those things, in my opinion, then you can begin to determine where borrowing might enter into the equation.
As a side note, airplane mechanics can do very well and with all of the government oversight, it is an industry that is well grounded. I did have my pilots license for some years and owned a single engine airplane, so again, I know of what I speak.
One other thing I will mention and then I have to get back to work (the boss is giving me the eye), more money does not make one more happy. Some of my clients that live paycheck to paycheck are far more happy than some that have hundreds of thousands of dollars in the bank. Money will not buy you that happiness. You have to find the happiness in the journey that you are taking.So good luck - keep us posted - and remember that we are here for you.![]()
Amen to this.
I didn't know that you were a CPA, so thank you for the insight. I think deep down I knew that taking out extra loans for living expenses was a bad idea... I just didn't know HOW bad of an idea.
My DH has also toyed around with the idea of going back to schol for finance, or accounting. Do you recommend it? Do you like it?
I agree with much of what is said above by rfassett. I am back in school as well. It's been tough. I am an RN and pursuing a higher degree because hospital staff nursing is a very hard job on the body and mind. As I am getting older (entered the 50's recently), I just can't see myself doing what I do now much past 55. Yes, be prepared for sacrifice (monetary, social and emotional). I spend about 20 hrs per week on schoolwork/projects/test/research papers etc IN ADDITION to my 32 hrs of work per week. Both spouses must be on the same page with this because everyone in the household is affected. Only you know exactly how much and to what degree this could benefit your family. If it means more job stability it is probably worth it.
Yes we are here for you rusafee1183 and yes it is terrifying !!!I really miss all the extra time I don't get on the DIS with you all and can't wait until this process is over. Since I am going part-time to school, it's taking y-e-a-r-s. I started stepping it up with an extra class last Fall...continued in to this past Spring (where I almost had an emotional breakdown due to the demands of school/work). I was going to take a summer class and my hubby demanded I take the 4 mos off for my health. I have taken out traditional Sallie Mae student loans because in the past 4 yrs I have had anywhere from 1-3 children in college as well and available cash was not always there after their tuition was paid. I do get partial employer reimbursement ---it's not much but it helps.
GOOD LUCK !!!!!!
Congratulations on taking that step Maria! I can't imagine how long and drawn out and difficult this process must be for you.

I think that is why we are most drawn to the aviation route, because it's only a 2 year program rather than years and YEARS in school. Plus, like I said - we know people who it has paid off for, but that's not always the case.

Hey rusafee, boy great minds think alike. I've been going back and forth about returning to school also.
So here's some questions. First let me say I went to PItt for undergrad and CMU for grad school but it was a loooong time ago. rules may have changed.
Student loans for a second degree are usually more costly than for than for the the first undergrad degree. You said he's returning, did he finish his course work the first time?
Next Congress did not pass an extension on the student loan rates as of yet. I know a couple of my friends who are wringing their hands because interest rates on government back student loans are set to double.
Now Pitt was ridiculously stricted about student loans so if I remember correctly (it's been 32 years lol) you couldn't take out a loan for more than 87% of your tuition. so unless I went to a bank or other source I couldn't take out government back student loans (which are cheaper) for living expenses.
These next few questions are what a friend of mine told me to look into. I'm thinking of switching careers entirely. Possibly getting my mba in health care administration.
1) Will this program lead to offers with a higher salary or stability? for instance if I go back to school, while I'll have the degree I will not have the experience in this field. So I'm trying to find out if employeers prefer some one with experience over education. I'd hate to spend 28K on a degree and can't get a job.
2) his age. Not to be noisy just I'm over 50+ so I do worry about age discrimination. once again am I going to be throwing out this wad of cash to find employeers reluctant to hire some one my age.
Good luck!! I know what a hand wringing process this can be.
Good luck with your decision as well Eliza.

We are only 30 and 28, so the age descrimination doesn't scare me so much. The problem is that we are 'young enough' that people think that it's an easy choice, but old enough that we are established and have debt and we will struggle a lot if we decide to do this (or pursue any further education)
And about your other question, I really wish I knew that it would be lucrative and that the market would be stable. I feel like any time I get comfortable and think that I understand the situation - I get the rug pulled out from under me.
Those are some very scary numbers about student loans doubling in rates.
