Let's break down your post...
1) I am 32 years old
(You're not "old" for this field by any means. But, like someone said, with the current state of the industry, your lack of experience isn't good when there are so many experienced guys out there. Keep in mind, that many times being too experienced is not a good thing. There are some airlines that would rather have someone fresh.
2) looking for a stable
If your looking for stability, this is NOT the field for you. At least not as an Aircraft Maintenance Tech.
3) good paying career
It can be a very good paying career, as long as you work for a major or the 2 major cargo carriers. I also hear Buz jet techs get paid very well.
4) Can anyone give me some insight on wether this is worth it at this time
At the time, of course not. But let's keep in mind if you do attend the College of Aeronautics, it will take u btwn 2-4 years to get your licenses/degree. Hopeflly by the time you get out, the dust will have settled.
5) and how much one can HONESTLY make out of that school, and later on.
You start at the bottom of the payscale and work your way up with yrs of svc. Starting is generally approx 20 per hr for most majors.
6) and the REAL job security in this field at this time and in the near future?
This is what blows. Let's say u get hired tomorrow for Airline A, and you are there for 10 yrs. If no one else is hired after you, you will be the 1st person out the door in the event of any layoff. Even with 10 yrs time. And with some airlines, 10 yrs is nothing. There are cycles in this industry, and we're going through a cycle in the DOWN direction now. It will hit rockbottom b4 it gets good again. How far are we from rockbottom, it depends on who u ask. But it gets better with the economy. When that happens, airlines start expanding again. And usually the older folks start retiring or dying. So my advice to u............