Perpetual Students

[burbuja0512]

I have a different friend whose entire family was scrimping and saving to put him through grad school at Northwestern. Mid-career guy, not in a great job. The degree was going to cost in the 200k range and I still was scratching my head trying to do the math.

Even though it was a prestigious MBA from Kellogg, this guy was no spring chicken and was going to be saddled with at least 100k in debt.

This friend and her Northwestern husband were not who I had in mind when I wrote the original post, but the Full Sail guy made me think about them. I don't want to knock someone for personal goals and that sort of thing. I just wonder why a guy who's basically mailroom level at the company and almost 50 years old thinks that it's wise to get into six-figure debt over even a very good education. I guess where do you draw the line? And if you have a bachelor's but your drive hasn't been able to push you at least partly up the corporate ladder, then why would an MBA make a difference? Maybe he made some great connections...