Worried about paying off student loan debt

  1. 1
    Hi all,
    I thank you in advanced for any replies to my post.
    As I further into my BSN degree, I find myself collecting more and more student loan debt. By the time I am finished with my degree, I will accrue approximately $100,000, and this worries me- a lot. My question is:

    Would anyone be able to give me some faith that I won't be killing myself paying off this huge sum? I hate to go through all of this, only to find a job that will just allow me to get by in life when trying to pay down this debt.

    Is anyone going through/went through the same sitaution?
    Any comments would be appreciated!
    Thanks
    Some background information: I live on Long Island which isnt known to be particularly cheap!
    Joe V likes this.
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  3. 109 Comments so far...

  4. 8
    That's insane. You will be killing yourself. Please don't take on that much debt. Please go to a cheaper school.....
    Everline, mebe5, 3rd watch, and 5 others like this.
  5. 1
    How is this costing $100k? I don't understand that at all!

    You ARE going to be killing yourself to pay it all off, yikes!
    3rd watch likes this.
  6. 2
    Holy moly!
    I'm sorry, but I can't comfort you about that one. I haven't done the math, but I'd imagine you'd be repaying at a rate of at least $1500 a month.

    At this point, however, you don't really have choice. Time to learn so great budgeting skills!
    Kipahni and Esme12 like this.
  7. 0
    Ah, I guess no one has attended a private school on long island lol.. At 25,000 a year for four years...you end up with something like this unfortunately
  8. 6
    wow. makes me feel great about the 20k i will owe when i graduate.
    mebe5, antania31, coolinbysound, and 3 others like this.
  9. 1
    It's too much, especially b/c a significant amount of those loans must be private loans b/c you'll be over the limit for federal undergrad student loans. That would mean income based repayment and other options won't be avail to you in the future for a big chunk of those loans. Also, if you want to further your education you'll have a hard time doing it b/c of the debt accumulated for your bachelors.
    CPhT2RNstudent likes this.
  10. 5
    I graduated with over $90K in debt. All my federal loans are long paid off and I have just under $40K in private loans left. I am six and a half years out of school. My payments have never been anywhere near $1500 a month- half that at the most.
  11. 5
    Quote from KelRN215
    I graduated with over $90K in debt. All my federal loans are long paid off and I have just under $40K in private loans left. I am six and a half years out of school. My payments have never been anywhere near $1500 a month- half that at the most.
    ...ah so there is some hope! That sounds almost literal to what I will owe.
    ICUman, gerbilqueen, bebbercorn, and 2 others like this.
  12. 1
    Yikes, Scary Monsters!!! Must be an IVY League school? IF not run for the hills. I went the route of LPN diploma, LPN to ADN, now I'm going for my BSN online, in total, I'll have spent about 50K. What makes this worse is that jobs are getting harder and harder to find for new graduates! You're better off going to a NP program, there will be a huge demand for them with the new ACA in place, and a better salary as well. As an RN, you will be paying that off forever!!
    antania31 likes this.


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