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I’m sure mom2CK wasn’t trying to be discouraging, but she is sharing with you an uncomfortable reality. Returning to BA + MD at 28 isn’t difficult in and of itself, but doing it with 3 small children and when you’re already financially struggling might not be the best use of your time. Assuming that you will be able to attend full-time, that’s 4 + 4 + 3 + 2 = 13 years of education and training from the time you start college (which could be at least a year or two from now). 40 isn’t old, but it is old to be just starting a medical career. That’s a time at which many doctors are moving into attending positions and management or have established practices for 5-10 years.
Also, think about your retirement. If you are 40 when you just start working, you will only have about 25-30 years before retirement to work - but you will ALSO have massive loans to repay from medical school. It might take you 20 years just to repay those loans. So either you are struggling to survive while simultaneously saving for retirement and paying down debt, OR (more realistically) you pay down the debt and find yourself having to work into your 70s or longer because you don’t have any retirement savings, if you even CAN work that long.
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Our dear @juillet has done a better job explaining why this current plan is not the best.
From your first post, it seems that one aspect of your goal is to have a “career,” not just a job…and, I think it’s safe to assume that you want the stability of a career and its income to support your family.
the plan to become a radiologist will not get you to the above goal. Your children will grow up in an atmosphere of financial struggles, one parent essentially missing, while the other parent working two jobs (paid job and family job). You will be borrowing HEAVILY for undergrad and med school, and end up easily with $250k+ of debt (if not more).
And all of this will be going on while your children are being raised? (Lest anyone think I’m being sexist, I’m not. I would say the SAME THINGs to a 27 year old father of 3 who has money issues, and would have to start as a freshman with the goal of becoming a radiologist)
My son may be my son, but his schedule is the same for any med student. He doesnt’ have “summers off”. Med students don’t have summers off. They are constantly busy.
When you start out working when you’re 40 years old, you STILL will not be able to enjoy the stability of a career because your income will be at the low point, YET, you will be making massive loan payments.
HOW WILL your plan really benefit you and your family? I can’t wrap my head around this. You are proposing to almost literally be unavailable to your family for the next 12+ years, rack up a ton of debt…and for what? I really doubt many marriages could even survive this, much less the kids be ok.
@juillet and someone else propose a better solution. Become a RN. And, if you later want to become a Nurse Practitioner, then do that. You will soon be earning very good money as a RN, and even more money as a NP.