Well, this is my plan. I am not applying for a couple years (hope to start fall 2005), so I do have a bit more time. However, I do have a wedding coming up (yay) in Sept 2004 which will def hurt the finances a bit.
I have figured out how to pay my student loan (started off at 14k now down to 12k since December!!!!!!!!) and hoepfully pay it off by the time I start school. I have a car loan which started out at 16k and is now down to 13k) Then some minor CC debt. I am going to pay all of these off before I start school (even if it kills me...
Right now I am renting, but we are gonna buy a house after the wedding.
Right now I am working 36 hrs as a staff nurse on one unit. When I reaach my year mark as a nurse (just June), I am gonna pick up some agency shifts. Probably one extra twelve hr a week. All of that money is going into my CRNA school fund.
Between now and then, say worse case I am making 20 bucks an hr which for agency work is low... I will be able to save over 12k a year just by doing one extra shift. Granted, it will stink a bit, but in the long run it is worth it. About nine months before I start, I am gonna go full time agency..but as a traveler so that I have long term assignments....and can get living expenses totally paid for. All of that money is also gonna go to a CRNA school fund.
I am hoping to be able to save at least 30k to have while I am in school. The tuition at the school I want to go to is all together for every semester at an instate rate, about 20k. If I can, I am gonna pay all of that, have the extra money to pay for bills, but my fiance ( then husband) is already willing to pay while I am in school. He also wants to go to grad school ...and is gonna go once I am out...so I will do the same for him.
Pretty much my goal is to work my little a** off and save as much as possible over the next two years. I agree that much debt seems very daunting....
I don't know if you are able to do this, not knowing your situation..family etc. I am only 22 and have no kids, etc. No plans on them for a while.
Although, even if you do need to take out all of that in loans, I know you are able to do many different things, such as pay for them back over the course of 20 years rather than 10, consolidate them, pay a lower rate when you get out and increasing amounts over time.
The other things you may want to look into is signing a contract in the beginning. Many employers will pay your tuition, etc if you agree to work for them. There are ups and downs to that.... has been discussed many times on this board.
As far as employers paying back... I am sure some do. i honestly don't know. Hopefully some of the board members will know.
Good luck to ya MICU.