Nursing program under warning - page 2

Yes, you should be very hesitant. Even if you're able to finish their program and pass NCLEX, if they're "under warning" by the BON it's probably not a secret and their reputation is probably not very good with local employers. That, as roser13 astutely points out, will lead to incredible difficulty with landing a job. Run, don't walk, away from this place as fast as you can.

Even if it takes you an extra year or two, get into a good school. You'll be out thousands or even tens of thousands of $$ otherwise.

Run.
Away.
Fast.

Save your money and Run! Otherwise it will have been a waste of time, money, and effort

IMO, it's too great of a risk. Yes, there's a chance that the school would resolve its problem and be fine. And there's a chance that they won't be able to fix the problems and lose accreditation/approval.

If you enroll while they're under warning, you're taking a gamble...and have a lot to lose if the school goes south. I'd find another school.