How much do u have in loans? - page 2

I am wondering if I am the only one with a large amount of student loans. I have around 70000 worth. I decided to change to nursing with 1 year left in my teaching degree. I have always wanted to be... Read More

  1. by   kendel
    Quote from Hopefull2009
    No loans...My CC was only $1,400 per semester and if you didn't have it, two major local hospitals were giving full scholarships plus a stripend.




    i have zero in loans because i made sure not to go to private schools. i stick with the community college and paid out of pocket muuuch cheaper
    and i just graduated the other day and my first nursing job is paying around$
    67,000.

    i dont like owing expecially for school and its worth it taking the cheaper way out if we all are getting the same jobs no matter where we graduate.
  2. by   Hellllllo Nurse
    I have $0.00 in loans.

    I worked full time as a CNA through LPN school, and full time an an LPN in RN school.

    I got a couple of small Pell grants in the very beginning, but no longer qualified after I had my LPN. I did get two small merit scholarships.

    I was single and lived alone for my CNA and LPN.

    I supported myself, and partially supported my husband, when I was in my RN program. I paid as I went, & did not borrow a dime.

    My husband has a PhD. In eleven years of college(which included a change in major), he borrowed $70,000. He's been out of school for six years now and has paid off half of it.
    Last edit by Hellllllo Nurse on Nov 5, '07
  3. by   Jo Dirt
    Thank goodness I don't have any loans. Lived on beenie weenies and paid for nursing school as I went along.
    I know people do what they feel they need to do to get by in life and unfortunately, this might require some debt in certain situations, but what gets me is there are people who will argue to the death that education is an investment and therefore worth going into debt $20k+ for an associate's degree. This logic is so flawed it's pointless to argue with someone who thinks this way because like Ben Franklin said, a word to the wise is enough and many words won't fill a bushel.
    I don't care how you work it, tens of thousands of dollars in student loans is never easy or convenient to pay off and most of the time there could have been a much better way to go about it.
  4. by   StudentNurseSteph
    i have $20,000 in loans
  5. by   StrwbryblndRN
    I have 7500 in school loans. Husband lost his job right before clinicals started and would have no loans otherwise. But I did the CC route and got an ADN. I plan on getting my BSN but since I work now and my facility does tuition reimbursement it is win/win for me.
    I like the route I took. It helps with decreased debt amount and still allows me to get my BSN or more if I wanted.
  6. by   kendel
    Quote from motorcycle mama
    Thank goodness I don't have any loans. Lived on beenie weenies and paid for nursing school as I went along.
    I know people do what they feel they need to do to get by in life and unfortunately, this might require some debt in certain situations, but what gets me is there are people who will argue to the death that education is an investment and therefore worth going into debt $20k+ for an associate's degree. This logic is so flawed it's pointless to argue with someone who thinks this way because like Ben Franklin said, a word to the wise is enough and many words won't fill a bushel.
    I don't care how you work it, tens of thousands of dollars in student loans is never easy or convenient to pay off and most of the time there could have been a much better way to go about it.


    i agree with you
  7. by   Hellllllo Nurse
    I know of a person who got $50,000. into student loan dept getting her LPN. She has defaulted on the loans. Big surprise (not) knowing her.
  8. by   Little Panda RN
    Quote from OLDCARTS
    NdMom, there has actually only been one occasion where I had enough money left over from loans to help with housing. I try to borrow exactly what I need to cover each year's tuition. Thankfully, my parents help out with books, living expenses, etc.

    So, how'd I end up owing the unfortunate $90,000?

    -For two years, before I decided to become a nurse, I majored in Biology and had to spend extra semesters making up for the lost credits :-(
    -I go to a private university, which is a bit more costly than most public univerities.
    -I don't have any scholarships and don't qualify for much aid.

    You mentioned that you'll be returning to school. Congrats on deciding to further your education! My advice is to take out exactly what you need and not much more if you can avoid it. The extra money you'll end up owing in interest probably isn't worth it. Good luck!
    Hi OLDCARTS,

    Sorry I didnt read your post untill now. Thank you for responding to my inquiry. Sounds like you have alot of schooling behind you. I wish I could afford to pay my own way to school, but such is life. Thanks for the advice I really appreciate it!

    ndmom
  9. by   Dixiecup
    I got student loans for my BSN and I am now getting loans in the Nurse practitioner program. I'll have about 90,000 when I'm done.

    My NP program is quite pricey and I've borrowed every extra dime they'll give me. In the words of scarlet o'hara, 'I won't think about that today, I'll think about that tomorrow.'

    Actually, I plan on gong to work for a rural health clinic when I get my degree so the government will pay part of it back.

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