Maxed out student loans?? - page 3

Hi all, Is anyone else out there lucky enough to be a part of the "I capped out the student loan limits" club? I took out loans for my undergraduate and gradutate non nursing degrees (which have... Read More

  1. by   alk3rainbow
    I'm confused...if you don't already have your ADN, how can you get into a bsn-msn acceleration program. You have no nursing experience, but you will be able to be an RN in just one year. That sounds really fishy, and I think you might be missing some fine print. You need to have a bachelors in nursing in order to get into a bsn-msn program I thought. Am I the only one who thinks its weird?
  2. by   Agnus
    Quote from alk3rainbow
    I'm confused...if you don't already have your ADN, how can you get into a bsn-msn acceleration program. You have no nursing experience, but you will be able to be an RN in just one year. That sounds really fishy, and I think you might be missing some fine print. You need to have a bachelors in nursing in order to get into a bsn-msn program I thought. Am I the only one who thinks its weird?
    There are programs that allow this if you have a degree in another field. I am guessing the idea is so that you are not back peddeling in acedemic waters.

    It apears to me the idea is if you have a BA or BS getting an AS after that is a step backward.

    So say you have a BS in psyc then the feeing is you meet the genera requirements already for a BS.
  3. by   alk3rainbow
    Quote from Agnus
    There are programs that allow this if you have a degree in another field. I am guessing the idea is so that you are not back peddeling in acedemic waters.

    It apears to me the idea is if you have a BA or BS getting an AS after that is a step backward.

    So say you have a BS in psyc then the feeing is you meet the genera requirements already for a BS.
    Yes I know it is possible to progress from a bachelors degree to a masters in nursing, but I didn't know it was possible in just a year if you don't have the basic nursing classes down first.
  4. by   orrnlori
    Take it from a nurse who was a banker for 20 years before becoming an RN, you need to get your house in order. I'm not trying to be mean and try not to be offended but student loans and credit cards have been too easy to come by in recent years and there are many many in your shoes, that's why there is FEDERAL legislation being considered against easy credit terms for college students. Your recent late payments will follow you for at least two years in terms of your credit score and hurt your credit for 7 years to come. Don't be late on any more bills, and that means you may even have to cut back on groceries, whatever, but pay your bills on time, even if you only make minimum payments right now.

    Unless you have a deep burning desire to be a nurse (which I didn't really see here, may have missed it) you need to seek credit counselling NOW, not be looking to borrow more money. If you need to move from NYC, then do it, network with whoever you need to network with to find full time employment. Once you get that you can renegotiate and reorganize your bills. Even if you file bankruptcy, you will NOT discharge your student loans, and you will be years recuperating from this. This can even affect you getting health, life, car, and home insurance. Insurance companies score you too using your credit for part of their determination about the risk in insuring you. They either won't insure you because of bad credit or charge you an arm and a leg for coverage.

    Go to a non-profit counselling agency, don't go to just any finanical counsellor or you'll end up owing even more money because they don't do it for free.
  5. by   kellilou3
    I have only heard of bridge programs that take about 3 years to get your MSN. I don't think there are any that take only one year.

    Also, doesn't getting non-profit consumer credit counseling give you a ding on your credit report? Seems like I have heard several times on the Dave Ramsey Show, which I mentioned in an earlier post.

    Tennyson, if you will read it, I will mail to you his first book, Financial Peace. It gives you common sense ways to get back on track financially and would do more for you that consumer debt counseling would. My husband and I don't need it anymore. If you want me to mail it to you, pm me with your address.
  6. by   TLC RN
    Quote from kellilou3
    I have only heard of bridge programs that take about 3 years to get your MSN. I don't think there are any that take only one year...

    University of Michigan used to have a 3 year BSN-MSN program. You had to have a bachelors degree already in another field. Your first year was full time and after completing it you get your BSN. The next two years, you work on the MSN. There are other programs like this out there.

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