I am a fifty-year-old teacher with a doctorate who has taught a total of 20 years. All of my education had been paid for in full by me (including the doctorate) until I decided I wanted to get out of the classroom and go into another field.
I later earned 1 1/2 additional masters degrees that I funded with federal student loans. I anticipate I can work another twenty years although I might not continue for twenty years in the public school classroom.
If I’m lucky, I might teach ten more years and retire at age 60 before going into another field. I might even find a position in a university or in the field of strategic communications. I’m a native of North Carolina who is also willing to explore earning abroad at some point as a university teacher.
I currently have 91 k in federal loan debt. I borrowed a total of 85 k, but the 6 k is the interest.
Should I borrow the last 8 k to complete the 2nd masters in Strategic Communication (5 courses) or should I withdraw and save 8 k? The seven graduate courses might be enough to get me the job that I would like to have at a university, and I’m unsure whether completing the program would give me an edge.
My other degrees are in literature, curriculum, and foreign language. I am certified in nine teaching fields. At times, I feel nervous about these loans and embarrassed that I could ultimately owe 99 k.
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