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11/15/2007
A November 15, 2007 article from Money Magazine discusses the financial challenges faced by individuals who are pursuing a graduate degree in order to make a mid-career change. Those in their 40s or 50s may need to weigh the cost of temporarily decreasing their income in exchange for potentially increasing it in the future. Another factor to consider is whether the new career would be more personally fulfilling than the current one. Family members who will feel the financial impact of any changes also need to be included in the decision-making process, to make sure everyone is working toward the same long-term goal. Included in the article are several tips for successfully financing a graduate degree.
The article is available at the CNNMoney Web site.
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