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It's not unusual for people in their 40s, and 50s to dream about ditching their jobs and heading back to school to train for something new. But retraining while earning a living and fulfilling family obligations over a multiyear period could discourage even the most passionate pursuer of a new calling.
Worse, there's no guarantee of success. Eric Norris, 47, of Santa Clara, Calif., in 2001 returned to his former job as a technical-publications manager with a six-figure salary after spending two difficult years operating his own criminal-defense and consumer-bankruptcy law practice in San Jose, Calif. And, he is repaying $80,000 he borrowed to attend a four-year ...