[quote=UCGal]. . . Another example with a twist… family member in his early 50’s who had an MBA – gets his PhD in business. He’s a road warrier consultant – so it did raise his hourly rate. But it was done more for other reasons… life goal was to get a PhD. Didn’t take out student loans.
The first examples- they were all young enough to have a career impact. I agree that if you go back to grad school late in life, you’re not going to have a career impact.[/quote]
UCGal, thanks for clarifying your “friends’ and relative’s” return-to-school situations . . . all except your road-warrior consultant friend were under 30 when they decided to embark on grad school, including your friend who will move into a new student apt. at UCSD. They HAVE TIME to benefit from their decision to go to grad school.
Your road-warrior friend (over 50) did NOT take out any student loans to get his Ph.D (which costs $50K-$100K to obtain). Hopefully, he can raise his rate enough during his remaining working years to recover this investment :=)
