======= Date Modified 14 Apr 2009 09:49:32 =======
============= Edited by a Moderator =============
Removed - advertising.

I don't think age is a problem. There's a problem of economic nature. Chances are high that after 3-4-5 years in grad school you will be lucky to find a job that pays as much as you are making now.... You can read about the economics of PhD on my blog: Economics of PhD

======= Date Modified 14 Apr 2009 09:47:46 =======
============= Edited by a Moderator =============
I would take the masters degree and go... Unless your PhD can be obtained easily. Your chances of finding a decent employment after you graduate a probably very low.

This "failure" may be your ticket to a much happier life!