Nursing School Debt... - page 2
How long did it take each of you to pay off your nursing school debt? How much was your nursing school debt or how much did it cost you period for nursing school? Please indicate if this was a two... Read More
Jan 13, '03I borrowed $19,000 for my biology degree and $36,000 for my BSN degree. I plan on working for a hospital with tuition reimbursement.
Jan 13, '03When all is said and done, it will be close to $42,000. I get $5,000 per year from work (negotiating on more though), in return for 2 years employment. I'm hoping to pay it off fast so I don't have that hanging over me along with all the other bills that I have. Thinking about picking up one agency shift per week (52 per hour) just to pay off the loans early! I am in a BSN program now.
Jan 13, '03right now I am planning on 7-9 grand debt in 2004 when I transform to RN. I work part time and have kilt a 401K plan to get to where I am now. Mountains of credit card debt, and still going deeper and deeper into debt. :-(
Jan 13, '03I feel very grateful to not have any debt (so far). I retired from the Marine Corps, so I get a pension. Plus $900 per month in G.I bill benefits. The hospital where I extern is paying for my tuition and books.
Jan 13, '03Can't remember what the total cost of my 2 year program was, but it was around $12,000...worth it though. I had some Stafford loans that have stretched out over 10 years (2 more years to go)...but the payments were really reasonable..under $75 a month...got a few grants...and the last semester I got the whole tuition paid in full because we had just bought a farm that summer and it really "whacked" out my financial aid paperwork...I am thinking about going back to school for a BS in Health Care Services, but my husband isn't too keen on this idea....
Jan 14, '03I think I took out about 9,000 for a 2 yr adn program. used a lotofiit for living expenses.But here's the problem I had. My loan was originally supposed to be paid back over 10 yrs with gradually increased payments. Well my loan was sold to another company. and they just figured I wanted to keep the same payments and pay it over 21 yrs!!!! And of course they did this without telling me.
If any of you have this company AFSA Data Corporation- well watch them they are scumbuckets! Luckily I caughtthem just in time. I thought my term was almost up, but still had most of my balance left. Turns out these guys aren't regulated by a bank, they are regulated by the dept of ed. Who has no idea they are regulating them.
Jan 14, '03I have $17,000.00 on my first BS in Agricultural Science. I am paying it back over a course of 10 years, graduated payment schedule. I have allready had to defer it twice, each a 6 month period because I was laid off. Currently the payments are $170.00 a month but every two years they increase, so I think that by the last two years it's something like $350.00 a month. Yowser, like I'll be able to pay that!
I am currently paying for my pre-req. and co-req. courses for nursing out of pocket since I am able to work full time right now, but when I am actually in my nursing classes I'll take out a loan. Since it is Community College it won't be too bad. I'm hoping to make it out with maybe $5,000.00 in debt at the end of the 2 year ADN program.
I think I will look into getting the Perkins Loan compared to the Stafford, which is what I used the first time, per Sally.
Jan 14, '03Originally posted by EmeraldNYL
I borrowed $19,000 for my biology degree and $36,000 for my BSN degree. I plan on working for a hospital with tuition reimbursement.
It sounds like what you are thinking of are "student loan repayment" programs -- and they are MUCH more rare.
Jan 15, '03Originally posted by Angelica
the Marine Corps Plus $900 per month in G.I bill benefits.
Jan 15, '03I had to quit my BSN program when I got laid off from my full time LPN job. Had to move out of my mortgaged house. Long story, but ended up living in my car. All the credit cards that I was getting cash advances from in order to pay foretc./ Well, how many years now have they been charged off as bad debts? Nobody will rent to me. They call me a deadbeat. But I say who gives a d n, I pay them. But when I get good and ready. After all, my credit is already ruined. The unfinished nursing education is worthless to me and the credit cards never got me into a motel once the companies closed the accounts. Was it worth it? I wonder.
Jan 15, '03Hey Mario:
Introduce me to your Aunt Betsy! I could use a suga mama or a suga dada. Don't really care which. Just kidding!
Jan 18, '03see the thread re nursing nursing education loan repayment program
anyone who has completed rn education programs: adn, bsn, msn with outstanding loans is eligible as long as they agree to work ft ( 32hrs/week) in critical access facility---for 2003 that includes
all hospitals, skilled nursing facilities, nursing homes, homecare agency, hospices and many other facilites in us
submit a complete nelrp application, signed nelrp contract and all required documentation by midnight est of the nelrp application due date, midnight est march 31, 2003
see sticked thread:
these are federal monies that are granted yearly but covered employers/locations change yearly. bookmark this website and apply for repayment after your graduation date. earlier you apply, the better before funds are all allocated!Last edit by NRSKarenRN on Jan 18, '03
Jan 18, '03Karen
Thanks for the valuable info about the NELRP--I'm sure those of us who are in debt due to student loans are grateful!