How are you paying?

#1rnstudent · Jan 2, 2004

Depending on the Canadian province and the hospital, not all nursing students can get hired on as aides etc. In some places students are not hired period. It's rather frustrating but nothing can be done about it from a lowly student's perspective. I'd love to be able to get a PT job working in the hospital but the ones where I am refuse to hire students. I guess me and the other nursing students here will ahve to be cheap, er frugal, until we graduate. :rolleyes:

Marie_LPN, RN, LPN, RN · Jan 2, 2004

I need to find more info about the tax deduction for paying your own tuition.

I want to file as soon as i get my w-2's.

jenrninmi, MSN, RN · Jan 2, 2004

Originally posted by LPN2Be2004
I need to find more info about the tax deduction for paying your own tuition.

I want to file as soon as i get my w-2's.

I think they're talking about the Hope Credit. Here's a link:

http://www.irs.ustreas.gov/publications/p970/index.html

Hope this helps!

CarVsTree · Jan 2, 2004

Thanks for that enlightening link!

I just found out my scholarship is tax free!

JenNJFLCA · Jan 2, 2004

Loans and cash! I have a BS so I am not eligible for a lot, my GPA isn't the greatest, and according to the gov't and my school I "make too much" to be eligible for some stuff. HA HA HA HA! :roll

I am a state employee, so I definately don't think I make too much.

Sheri257 · Jan 2, 2004

Originally posted by LPN2Be2004
I need to find more info about the tax deduction for paying your own tuition. I want to file as soon as i get my w-2's.

Don't take my word for this, because everybody's tax situation is different. And you may want to consult an accountant.

But if you own a home and have tax deductible interest, that means you probably itemize deductions. And education will add to those itemized deductions i.e., extra tax break.

However, if your itemized deductions don't exceed the standard deduction (which, last time I checked, is usually about $7,000) then your education expenses might not help your tax situation.

In other words, if you don't have home interest, or some other big itemized deductions, and your education expenses don't exceed $7,000, then you may not get any additional tax break out of it.

I hope that explains it.:)

iliel · Jan 2, 2004

since we're on the topic of taxes, you can deduct your volunteer time. It's not much but it's something. Also, if you take out loans pay the tuition on a credit card then use the loan to pay the credit card, that way you can get the tax break this year and do the hope thing when you graduate. However some schools don't allow you to by pass payment like that so check with the school.

A good accountant is key!

Here are some links for scholarships

http://www.discovernursing.com/scholarship_search.asp

http://bhpr.hrsa.gov/nursing/scholarship/default.htm

Sheri257 · Jan 3, 2004

Originally posted by iliel
A good accountant is key!

Or TurboTax. It's a lot cheaper.

mitchsmom · Jan 3, 2004

I am paying out of my own pocket. I already have a degree so I didn't qualify for a government loan, my husband makes too much for me to get any aid and all the scholarships I've seen are based on grades and financial need, so even though I have a 4.0, I don't qualify.

I have a previous degree and I got Stafford loans (a little bit subsidized, most not). My husband works & earns an amount that wouldn't work for grants (although I don't think it's so much!), and of course I'm not eligible for most scholarships b/c of the previous degree. Like you, I also have a really good GPA. Maybe the Stafford loan thing differs depending on where you live or what school you attend? If not, maybe you should check again to be absolutely sure because I have a B.A. degree and am now in a BSN program and the Stafford loans are paying for all of it, actually with a lot extra left over after tuition. I would pay for it myself if we could afford it, though. I hate the thought of the loans hanging over my head, just mounting every day.

LauraLou · Jan 3, 2004

Originally posted by mitchsmom
I have a previous degree and I got Stafford loans (a little bit subsidized, most not). Maybe the Stafford loan thing differs depending on where you live or what school you attend? If not, maybe you should check again to be absolutely sure because I have a B.A. degree and am now in a BSN program and the Stafford loans are paying for all of it, actually with a lot extra left over after tuition.

Thank you for the suggestion. I think the problem is that I am in an Associates program. They told me that because I already have a Bachelors, I can't get a loan for an Associates degree. I think if I was going for a BSN I could get a loan. Something about me have too many credit hours to qualify for the Associates loan program. I guess someday when I do an RN to MSN program, I can get a loan then. Thanks again for the suggestion.