How much debt do you all feel is reasonable for a nurse to owe in student loans (in the north east US - salary roughly 50k - 70k)? If I go to a private college I may rack up $45k in loans. This is in addition to the sizable debt I owe for my first (relatively useless) bachelors degree. Many people - not nurses - have advised me that the debt is worth it for a job that is steady and pays well. I'd like some opinions from others who are considering the same and anyone else. Thanks!
A good rule of thumb - is one years salary - the salary you expect to get AFTER graduation, use a low end estimate.
I agree with the previous poster - fill out that fafsa and see if you can get free money first, then talk to the nursing depts at each school and see what scholarships are out there, Finally, do a google search for nursing scholarhips, see if a hospital will repay your loans for you in the form of a sign on bonus, or if they will pay your tution for you in exchange for agreeing to work for them afterwards.
Last edit by gauge14iv on Oct 20, '05