Comments on: Going Back to School During Tough Times http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/ Investing and Personal Finance Wed, 17 Mar 2010 01:14:49 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Mr. Cheap http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-62342 Mr. Cheap Mon, 01 Mar 2010 02:05:47 +0000 http://www.four-pillars.ca/?p=3534#comment-62342 Debbie: Without knowing more about your situation, I'd recommend selling the house if you can't afford it. Debbie: Without knowing more about your situation, I’d recommend selling the house if you can’t afford it.

]]> By: Debbie Foote http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-62341 Debbie Foote Mon, 01 Mar 2010 01:55:49 +0000 http://www.four-pillars.ca/?p=3534#comment-62341 I am going back to school to become a Physicain Assistant. I have been in Direct Sales and Real Estate for the past 25 years. I have a 4 year Medical Technologist Degree and a MA is buiness. I have not been able to find employment due to the time out of the Medical field or so they say. I am taking some pre-reqs now and hopefully will be admitted to PA school in September. We have given out of resourses for paying our bills. We both have been out of a pay check for the last 12 months. We have borrowed from all of our friends and credit cards. We are at the end of our rope. I heard that we could quailify for a loan modification if one of us was going back to school to better our selves and make more money. We have been refused a loan modification by IndyMac/One West Bank beacause our loan is over 1 million dollars. This is the first month that we have not made our payment. We are now on my husbands early pension and it is only $6000 per month. Our current house payment is$7000 per month. Do you have any advice for us. Thanks in advance. I am going back to school to become a Physicain Assistant. I have been in Direct Sales and Real Estate for the past 25 years. I have a 4 year Medical Technologist Degree and a MA is buiness. I have not been able to find employment due to the time out of the Medical field or so they say. I am taking some pre-reqs now and hopefully will be admitted to PA school in September.
We have given out of resourses for paying our bills. We both have been out of a pay check for the last 12 months. We have borrowed from all of our friends and credit cards. We are at the end of our rope.
I heard that we could quailify for a loan modification if one of us was going back to school to better our selves and make more money.

We have been refused a loan modification by IndyMac/One West Bank beacause our loan is over 1 million dollars. This is the first month that we have not made our payment. We are now on my husbands early pension and it is only $6000 per month. Our current house payment is$7000 per month. Do you have any advice for us.
Thanks in advance.

]]> By: 107 Things That Make Good Financial Cents | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-19212 107 Things That Make Good Financial Cents | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois Mon, 15 Jun 2009 09:40:40 +0000 http://www.four-pillars.ca/?p=3534#comment-19212 [...] Go back to school if you lose your job. If you get laid off from a dying industry then you might be better off in the long run to go back to school. [...] [...] Go back to school if you lose your job. If you get laid off from a dying industry then you might be better off in the long run to go back to school. [...]

]]> By: Kevin http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-12639 Kevin Mon, 06 Apr 2009 08:28:26 +0000 http://www.four-pillars.ca/?p=3534#comment-12639 I honestly don't agree with most graduate degrees (you do need them to become a professor-except it is so difficult to become a professor). I never saw the advantage that those 3 letters (MBA) make in a person's career. What does an MBA teach that a business undergraduate degree doesn't? Look at all the MBA's that can't find jobs, yet isn't their education supposed to allow them to <i>create</i> opportunities. Check out http://blogs.wsj.com/laidoff/. To me doesn't seem worth it. I honestly don’t agree with most graduate degrees (you do need them to become a professor-except it is so difficult to become a professor). I never saw the advantage that those 3 letters (MBA) make in a person’s career. What does an MBA teach that a business undergraduate degree doesn’t? Look at all the MBA’s that can’t find jobs, yet isn’t their education supposed to allow them to create opportunities. Check out http://blogs.wsj.com/laidoff/. To me doesn’t seem worth it.

]]> By: Dana http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-11995 Dana Sun, 22 Mar 2009 12:20:56 +0000 http://www.four-pillars.ca/?p=3534#comment-11995 Squawkbox, nice mention of Penelope's blog. She's definitely not a fan of grad school, of any variety :) An interesting perspective from the NYTimes on business school and ethics. http://dealbook.blogs.nytimes.com/2009/03/16/is-it-time-to-retrain-b-schools/?scp=1&sq=mba%20harvard&st=cse Squawkbox, nice mention of Penelope’s blog. She’s definitely not a fan of grad school, of any variety :)

An interesting perspective from the NYTimes on business school and ethics.

http://dealbook.blogs.nytimes.com/2009/03/16/is-it-time-to-retrain-b-schools/?scp=1&sq=mba%20harvard&st=cse

]]> By: The Financial Blogger » Blog Archive » Financial Ramblings http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-11971 The Financial Blogger » Blog Archive » Financial Ramblings Sat, 21 Mar 2009 12:25:23 +0000 http://www.four-pillars.ca/?p=3534#comment-11971 [...] Pillars is suggesting getting back to school during though times. This will get you ready once the economy kicks back [...] [...] Pillars is suggesting getting back to school during though times. This will get you ready once the economy kicks back [...]

]]> By: Mr. Cheap http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-11925 Mr. Cheap Fri, 20 Mar 2009 04:48:33 +0000 http://www.four-pillars.ca/?p=3534#comment-11925 Fox & Nicolas: Thanks for the article links, both were very interesting! Guinness: Yeah, if the PhD program doesn't work out for me, I'm considering become the town crier or a tanner specializing in vellum... Fox & Nicolas: Thanks for the article links, both were very interesting!

Guinness: Yeah, if the PhD program doesn’t work out for me, I’m considering become the town crier or a tanner specializing in vellum…

]]> By: Nicolas http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-11923 Nicolas Fri, 20 Mar 2009 03:14:25 +0000 http://www.four-pillars.ca/?p=3534#comment-11923 A good article on MBAs and the present economic situation. http://www.globecampus.ca/in-the-news/globecampusreport/anxious-mba-grads-are-downsizing-their-salary-expectations/ A good article on MBAs and the present economic situation.

http://www.globecampus.ca/in-the-news/globecampusreport/anxious-mba-grads-are-downsizing-their-salary-expectations/

]]> By: guinness416 http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-11884 guinness416 Thu, 19 Mar 2009 01:45:18 +0000 http://www.four-pillars.ca/?p=3534#comment-11884 Thanks for the link to the May "mini-mba" program. I just sent my boss a proposal as to why he should pay for me to do it :) I wouldn't do any career-related program like an MBA on my own dime. Actually I probably wouldn't do it anyway (I'm lazy like that). I read Ask Metafilter a lot and have noticed a whole bunch of questions related to law school recently. Personally if laid off I'd rather retrain as a cooper, I heard newfoundland needs them. Thanks for the link to the May “mini-mba” program. I just sent my boss a proposal as to why he should pay for me to do it :) I wouldn’t do any career-related program like an MBA on my own dime. Actually I probably wouldn’t do it anyway (I’m lazy like that).

I read Ask Metafilter a lot and have noticed a whole bunch of questions related to law school recently. Personally if laid off I’d rather retrain as a cooper, I heard newfoundland needs them.

]]> By: Jim L. http://www.four-pillars.ca/2009/03/18/going-back-to-school-in-tough-times/comment-page-1/#comment-11878 Jim L. Wed, 18 Mar 2009 20:53:24 +0000 http://www.four-pillars.ca/?p=3534#comment-11878 I recently graduated from college last May. A year earlier, maybe a handful of people were even considering go to grad school because the job market was hot for landscape architects. The bottom fell out of the market, and suddenly EVERYONE applied to grad school. It's crazy the effect this has! I recently graduated from college last May. A year earlier, maybe a handful of people were even considering go to grad school because the job market was hot for landscape architects. The bottom fell out of the market, and suddenly EVERYONE applied to grad school. It’s crazy the effect this has!

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