Need help making a tough life decision….

posted 3 years ago in Career
  • poll: Should I go?
    Yes, you'd be crazy to miss this opportunity : (29 votes)
    32 %
    No, meh you are better off saving 100k now : (28 votes)
    30 %
    Yes, only if you get to defer a year : (25 votes)
    27 %
    No, MBA's not worth it. : (10 votes)
    11 %
  • Post # 3
    Member
    3280 posts
    Sugar bee
    • Wedding: June 2014

    I’m currently applying to grad school and unless it was the ONLY school I got into, I would never take out 100K in loans, leave FI, a good job and push back a wedding even if it was the best school in the world. That’s just me though and for me school isn’t my number one priority. Only you know what’s best for you!

    Post # 5
    Member
    851 posts
    Busy bee
    • Wedding: July 2013 - The front lawn of our church

    @weddingbee098:  If you already have a job you love then I would say don’t do it. I have considered getting my MBA but honestly, I already have the job I want. Yes, getting my MBA would help me get a better job by most people’s standards, I don’t really want a different job. I’m content where I am. 

    Post # 6
    Member
    136 posts
    Blushing bee

    I would definitely try to defer. Currently, I’m studying to take the GMAT (for the second time), so part of me wants to say you’re crazy for not going to school, but I understand how much you’d have to sacrifice. Is there any way you could attend an AACSB accredited Bschool in your area? At least that way you wouldn’t have to postpone the wedding, and you wouldn’t be LD.

    Post # 7
    Member
    9137 posts
    Buzzing Beekeeper
    • Wedding: November 2013 - St. Augustine Beach, FL

    @weddingbee098:  I took $80K in loans for my law degree and I wouldn’t recommend doing it.  It’s a rock tied to my ankle and while they say it shouldn’t affect your ability to buy a house, it has for me because I can’t save up the money needed for the downpayment due to massive loan bills every month.

    Does a school near where you live now offer an online or weekends/evenings part time program for professionals?  I would choose that over $100K in loans and try to pay off the tuition fees every semester.  My friend went this route and even though it took an extra year, he doesn’t have the added loans to worry about.

    Post # 8
    Member
    1441 posts
    Bumble bee
    • Wedding: September 2014

    @weddingbee098:  What 12 month program costs $100k?  I didn’t spend that much for three years of law school at a top-3 school.

    Post # 9
    welliesMember
    1425 posts
    Bumble bee

    Is getting an MBA important to you?

    Post # 10
    Member
    284 posts
    Helper bee

    That’s a LOT of debt. I wouldn’t do it. Then again, I wouldn’t be able to pay it off in 4 years. Talk to your fiance. Only you and he can make this decision. Can you find out if you can defer and make the decision based on that? Defering may be the best option. Less debt and you can still get married when you planned.

    Post # 12
    Member
    1634 posts
    Bumble bee

    @weddingbee098:  How important is it to you to obtain your MBA? Is it something you can do after your wedding? is an MBA more important to you than your wedding at this time? I personally wouldnt go, but I hate school, and debt scares the daylights out of me. I also really want to just get married already 😛

    Post # 13
    Member
    3756 posts
    Honey bee
    • Wedding: April 2014

    That is a LOT of money for a 12 month program. And how much is it really going to help your career? Do you have something specific in mind that an MBA will be a significant asset for? If getting your MBA will produce guaranteed, solid results, then go for it. But if it’s just to have the piece of paper in hopes that it will benefit you at some point, then I think you’ll regret it. I wish I had known before college what I really wanted to do for a career, I wasted 4 years of my life (and a lot of money) in college and my degree is useless to me now.

    Post # 14
    Member
    11772 posts
    Sugar Beekeeper
    • Wedding: May 2013

    I would do it! Especially if you can have the debt paid off in just 4 years!

    Post # 16
    Member
    2134 posts
    Buzzing bee
    • Wedding: June 2015

    100K for a one year program? That seems CRAZY expensive! I’d probably hold off on it for now. It seems like the cons outweigh the pros in this case.

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