Quote from jthewood
I'm also a military veteran with educational benefits that will pay for nursing school completely, but I have a family at home that I've supoprted for the last few years. Going back to school would be a huge financial hit with a 3y/o and a 14 week old.
What would you do??
Does anyone know of programs that financially assist nursing students while in school?
Am I making no sense?
I knoe my wife will have to return to work, but she really wants to stay home with the kids for a while, so they don't gerow up in daycare. I feel somewhat guilty for wanting to return to school, but I can't support my family with paramedics pay.
kind of a problem here. On the one hand, you can't afford to pay your living expenses while you go to school, but on the other hand, you can't afford to pay your living expenses while you don't go to school. Do you see what you're saying? In the long run, you would be better off to go to school.
But there's those little complications called "kids." Play out in your mind what one-two years of school would look like, on a daily basis. Monday, your wife leaves for work at 8:00 a.m. You're feeding the 14 week old a bottle, with your textbook propped open with your feet and your 3 year old whining for a toaster tart. And the day goes down hill from there.
Plus your wife is definitely going to feel resentment if she has to go back to work and misses out on raising her babies. So you won't have support there.
A few things to consider:
1) What options do you have for childcare? If you have Grandma or Auntie available, and they are good caregivers who can be depended on for say 20 hours a week of free childcare, that's a possibility.
2) What options do you have to get some liquid funds? Home equity loan? Family member loan? Cash in some stocks or bonds? Sell that '69 Mustang of yours?
3) Are you having any more kids? And if not, are you SURE? (like talking vasectomy here?)
4) What do you think you are going to do for health insurance for you and your family while you are in school? (our univ insurance for dependents has only a $100,000 year limit - so what if your baby gets leukemia?)
I would think long and hard before going back to school in this situation. It's unfair to ask your wife to give up her dream for yours. Unless she believes it is benefitting ALL of you, she won't be behind it.
If you aren't having any more kids, an option is to start planning ahead for funds to carry your bills when you go to nursing school in 4 years. Take those extra side jobs. Pay down your debt to get your living expenses as low as you can. Maybe give up vacations (not that big of a deal when your kids are that little) and put that money aside instead. Start crunching numbers as to what $ you will need. The last few months of your program you can live on credit cards, but you gotta be ready to get the job and pay them off fast. Make sure when that date rolls around, you have two cars in good condition to get your wife to work and you to school without buying another...
You won't be too old to go to school in 4 years (heck, I'm 47!) but most importantly, you won't have regrets that you missed your little ones' childhoods. That's one of the great treasures in life that can't be postponed. Nursing school turns out to be just another job.