I'm at Platt College right now, I just started my 2nd quarter. It is really hard, especially as I am doing my pre-reqs concurrently. Yes, it is a bit expensive, although with Federal aid, I will only end up paying about $35,000. However, the nursing shortage is just going to get worse and so I am all about leveraging OPM (other people's money).
I figure someone will end up paying it off for me and if you are going to have debt, (like almost every American) might as well have student debt.
The school itself is not new, but the nursing program is. As with any new program, there have been some bumps in the road, but as long as you expect them and don't plan on everything being perfect, you should be fine. I, personally, am liking it. I feel comfortable in the clinical setting and the nurses/drs that I am coming into contact with seem to be very impressed with us. (compared to the other schools also in that clinical) There seems to be a decent amont of overlap amongst classes and I think that was done on purpose. It is pretty intensive, but all of the professors are VERY willing to help you and are very accessible. I'm very happy I decided to attend as I couldn't even apply to any other program until this fall to hopefully start sometime next year. I will be done by December/January of 2008/9 so life is good.