I am in the process of interviewing to hopefully start school either this fall or January. My husband and I are going through our budget and finances, trying to figure out how much everything will cost.
From our calculations, we will have minimum expenses of $4,500 per month, NOT including my school tuition, books, and fees. We have been downsizing, liquidating and paying everything off. (No car loans, no credit card debt, and almost no mortgage, etc.).
One of our biggest expenses is day care. If my husband works full time, it might not be worth it. We are thinking of him staying home with our kids, who are 2 and 3. I will take out enough school loans to live off of and pay for school. However, that puts loans at about $150,000 for the entire program.
Has anyone else done this? Has anyone else taken out $50,000 per year just to live off of?
