This is my first post - sorry if it's poorly organized:
I'm 24 years old, and currently a little less than halfway done with my bachelor's degree in Software Engineering. At the current rate I'm taking classes (12-15 credits in the fall/spring semesters, and around 4-6 in the summer semesters) I should be able to graduate in 2021 (probably July). Thankfully my degree can be completed online (minus 1 semester where I need on campus credits). My wife and I have a great opportunity where we work.
- We have zero debt
- We pay no rent (boss pays for us incredibly)
- We use a company car (only pay for gas)
- We have $28,000 in savings
- We have $0 in retirement/investments
- We save just about $2000 per month
- I have scholarships, so most of my school is free (will only lose if my gpa slips)
- We live in Alaska so every time we stay for a full calendar year we get a pfd which is around $2000 each per year
By the end of 2019 we should have just about $40,000 saved up. (28000 + 5(months)*2000 + (pfd)4000 = 42000)
Because of my scholarships I think we could honestly ride out the rest of my school with those savings, with me not having to work (plus my wife working full time to pay for monthly costs)
Essentially our question is: should we move down to my college campus and take classes there (reasons to follow)? Or should we just continue working up here, saving 2k a month, and finish school later than I would have if we moved down?
Reasons for moving:
- Get into a community of software engineers to network with clubs, associations, etc.
- I could probably track down an internship easier/get better job opportunities if I was down there for longer
- There are a few elective classes only available on campus that I want to take, these aren't required for the degree though
- I can focus more on school, so I can get it done faster/better (if I continue to work full time it will probably put me back to spring 2022 graduation - so basically a semester but maybe two)
Reasons for staying:
- The money situation is great, and we live pretty well/stress free up here
If I end up staying I'm looking at walking away with a degree and probably $75,000 (or more), but I'm worried about eventually getting a job/internship/etc with no physical community involvement. If we move down to finish my degree we could still probably have some in savings, but we'd be more likely to break even. Should I stay and do the online thing, or should I go down to the campus to finish? Another way to phrase the question: Are the networking opportunities more worth it than the money we'd be saving? I hope what I'm trying to convey is being conveyed.