Funny. If not for the fact that I rent instead of owning in Brooklyn, I could've written the exact same thing -- age, last salary, school of choice. Just visited FCI this past Thursday. The last three minutes of the tour was amazing. I regret passing on the baguette.
It's a difficult decision because it's irrational on some levels. I find myself saying things like "I'm too old to dice onions for six months, 50 hours a week" and "I'm too old to make just 25k a year." My sense is the answer is don't -- Either don't try to do it, or find a way to make it work. I don't want to be a professional onion dicer, so I'll just have to kick *** quickly at whatever I'm allowed to do. I don't want to be poor, so I'll have to find the energy and creativity in my time off to make more money on the side.
A culinary career would actually be my second skydive. In December 2007, I left a job in healthcare IT -- possibly the most high-growth job segment in the country -- because I was unhappy. Planned for time off without a position lined up (who's gonna wait 3-6 months?), the market tanked, couldn't find a job, so I started freelancing. Making less money, less unhappy, a few less luxuries, but life is more or less the same. I'm still in the same apartment paying the same rent, as is of course the benchmark of NYC living. I found a way to make it work. Don't underestimate the motivation of necessity.
All being said, I haven't sent my application in yet. Maybe we should get a beer to either talk each other into or out of it.