Need Advice - page 2
Hi All, I need advice. I have my ASN, 1 year experience, and $81,000 in school associated debt (please, I already know the mistakes I've made....sigh, it's the only debt I have, only being a... Read More
Jun 30, '13Pay down your debt.
There's lots of accredited online schools, and even more local colleges that would offer a Rn-BSN. Apply for local scholarships. Does your high school have alumni scholarships? Do any of the local colleges have scholarships? I would not take any more courses than what a scholarship will pay for. Period. IF your hospital says "you have to get your BSN in xx amount of years" usually (well sometimes) with that comes a "we will pay 1/2" or some other incentive to do so. Your current job in the community hospital is giving you much needed experience, a steady income, the means to the end. If your goal is to work in the city, then you can speak to your student loan people about consolidating, ask if it is feasible to put an extra $100 a month on the principal of the loan, make extra payments, and be SURE there's no penalty for paying off early.
Be careful with tuition reimbursement. You have to pay up front, they reimburse you BUT you have to be sure that they approve your course of study first. (and there may be other rules, check with HR). Speak to your nurse educator on suggestions for programs. You are in no rush. I would hesitate to take on a full course load and attempt to work full time to pay down debt.
Another thought is to see what some of the local colleges can do for you. A state school as commuter status is a good thought. Speak to their guidance counselor. See what they can offer you.
When you do a federal financial aid form, it will tell you what you qualify for in loans. It may also give info on grants. So just be mindful of that. To avoid any more loans right now.
Oh, also, if you are able to do 10K in 6 months, I would still speak to the possibility of even $500 a month going to the principal of the loan. The rest, to your payment and interest. Leave yourself enough money only for living expenses (gas, food--and I am assuming you are not living on your own at this point).
Good luck in your future endevours.
Jun 30, '13I would pay down the debt first.
I went to WGU, they are only around 3k a term and a term is 6 months long. You work at your own pace, you could finish your BSN in less than a year depending on what classes you are able to transfer in.
5 months after getting my BSN I finally got hired from a LTC to a hospital in my chosen specialty which got me a $15 an hour pay incease.
I dont know about what other posters have said about WGU credits not transfering as I havent looked into it, but if getting a higher degree later on is what you want then I would check it out, but I would pay down that debt 1st