I am in exactly the same situation. I was so excited about going to school, and now the excitement is waining. I wonder if it has to do with alot of negativity of chat boards and such about attending school. I also recieved nice scholarships, and would be able to go for almost free tuition. Like you, my hang-up is the debt for living expenses, and the lack of income for three years. I have been out of school for 5 years, and it seems like I have finally gotten ahold of my finances. In addition, some new jobs are opening up where I work. I really think I would like going to school and being a lawyer, its just going from a paying job to having more debt that has me nervous. I guess that is why alot of folks go right after UG.
It's the living expenses for my family that concern me the most. I basically get to go to law school for about 4K a year with the scholarship that I was given. The scholarship only requires that I maintain a 2.0 GPA, so as long as I am passing, the tuition is taken care of. Leaving the relative security of my current job is giving me pause in this current economy. I also worry about fining a job three years from now.Everyone keeps telling me that I can take out student loans to cover the family expenses while in law school. I just worry about taking on 60K in debt. I do think that the ceiling on earning potential with a law degree is a lot higher than I will ever see in my current job. I am just trying to figure out of the benefit outweighs the risks.