@i012575:
I fully agree with you re the issue of higher educational timing and available capital. However, many individuals’ performances are such that employers pay for the advanced degree (in my case, the Navy paid every dime of my MBA costs a Fuqua as well as my full pay/allowances during my two-year, professional schooling years at Duke . . . it was a wonderful, highly competitive deal, but I consequentially own the nation many additional years of uniformed service). My point is, lots of enterprises (public and private) have well-established plans to subsidize, in whole or in substantial part, selected employees’ advanced education (Master’s, PhDs, and MBAs, most frequently). This should not be discounted in long-term planning.