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Jul 15, 2008, 12:09 PM
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Re: POLL: How far in debt will you be???
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$60,000
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Jul 15, 2008, 12:25 PM
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Re: POLL: How far in debt will you be???
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i have $8k in loans from my first BA, i saved up before getting into my ADN program, so hopefully i'll come out of it without any more loans. i'm halfway done & haven't used half of my savings yet, so i should be okay, but if i DO have to take out loans, it'd probably only be $2-3,000 at most.
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Jul 15, 2008, 04:45 PM
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Re: POLL: How far in debt will you be???
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I'll be about 11.5 grand in debt, thid is debt that I racked up from private school. I hate it and can't wait to pay it off. Hopefully, some it it will qualify for cancellation upon graduation. Thankfully, I won't have to take out anymore loans since I will be starting nursing school at a public school.
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Jul 15, 2008, 06:08 PM
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Re: POLL: How far in debt will you be???
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When I started my pre-req classes I also started an "edumakashun" savings account. I've been taking classes for 3 years so I've also been saving for that amount of time.
I start my BSN program in the fall and should be able to pay all of my tuition with the savings. What will probably push me over is the books, uniforms, fees & buying a laptop. But that money will come from the rainy day savings account.
Fortunately, I live with my SO and he will continue to work full-time while I'm in school so all the living expenses will be covered. I've promised him to do the same when he wants to get his Master's. I don't plan on working during school at first but will see what happens as I get further into the program and the money starts running out!
I paid off my old student loans from my first BS about a year ago. Man, that was a great feeling! I knew I didn't want to start a program with any of that hanging over my head. And once that debt was gone, it was much easier to save even more.
We don't own a house and don't have any kids (except of the fur & scale variety). Our rent is relatively cheap (given we live in one of the most expensive cities in the country), our cars are old and paid off and still running pretty well, our tastes aren't lavish and we're willing to cut whatever corners are needed. I'm hoping to come out of this whole thing without any debt.
I admire those of you who are doing this with mortgages, kids & no other sources of income. You've got some gumption!
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Jul 16, 2008, 11:05 PM
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Re: POLL: How far in debt will you be???
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So far about 21,000 but it will probably be 35,000 by the time I'm done. ADN
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Jul 16, 2008, 11:24 PM
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Re: POLL: How far in debt will you be???
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Ford Motor is paying for my BSN so i won't be in debt at all. For my Master's, I will have to fork the bill, but for now, I consider myself fortunate to have taken the educational buyout and not have to foot a dime, except for books.
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Jul 17, 2008, 07:55 PM
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Re: POLL: How far in debt will you be???
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72 Grand in the hole.
Of course, I did a few years at uni piror. And despite the awful size of it, it works out to less then ten grand a year for the 9 years I arsed about as a student.
Thankfully we have interest free student loans (it was an example of blatant vote buying last election).
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Jul 18, 2008, 06:59 AM
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Re: POLL: How far in debt will you be???
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Originally Posted by pumpkinhead
Here's a question... how far in debt will you be when nursing school is all said and done? How many years are you spending in school? BSN or RN?
I will owe $5-7K. I'm going through the ADN program at my community college, and it's fairly inexpensive. I had hoped not to borrow any -- I didn't for my pre-reqs -- but my uniforms/supplies/books for the first semester alone is right around $1K. I'm an at-home mom currently, so I don't have a job in the workplace. I'm hoping next summer to have an externship or possibly a job as a PCT, and any money I make will be used to offset my costs.
Also, at least one local hospital has a program in which they may agree to pay back my loans for my second year if I commit to a year or two employment there, which I may try to do.
Last edited by WVlpn2b : Jul 18, 2008 at 06:59 AM.
Reason: added punctuation
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Jul 18, 2008, 07:35 AM
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Re: POLL: How far in debt will you be???
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I will be about $5k in debt, but its not school loan debt. I've had to get pretty behind in my living expenses in order to even get in the door at school, and I'm sure I'll hit the $5k mark before its all said and done. I'm pretty much living one paycheck from eviction/no electricity/no water/no fuel at the moment, just to pay for the car/insurance/daycare I needed to get started. I have not even started classes yet.
I would have much rather had "school loan debt" but it is what it is I guess. Atleast this way I know its capped and I'm that much more motivated to pay it all off.
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Jul 18, 2008, 10:25 AM
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Re: POLL: How far in debt will you be???
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Originally Posted by Jenlaana
I will be about $5k in debt, but its not school loan debt. I've had to get pretty behind in my living expenses in order to even get in the door at school, and I'm sure I'll hit the $5k mark before its all said and done. I'm pretty much living one paycheck from eviction/no electricity/no water/no fuel at the moment, just to pay for the car/insurance/daycare I needed to get started. I have not even started classes yet.
I would have much rather had "school loan debt" but it is what it is I guess. Atleast this way I know its capped and I'm that much more motivated to pay it all off.
You should check with your school to see if they have a program to help you with daycare. At our school we have one at the Womens Center, but I am not eligible because I am married.
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