My degree is not worth the debt! - Page 20Register Today!
- Jul 3, '11 by wazeoutQuote from johnny depp23johnnydepp23, I'm not sayig that you're lying, but what you are saying above, and your age that you have listed as 60yrs old doesn't make a whole lot of sense. I'm just saying!I was always told- as long as you have a degree it wouldn't matter what school you got it from... but after talking with several employers, they all said the same thing- "it does matter where you go to get your degree." Now, I'm not saying everybody is like that but most people in my area are very particular on who they hire and they look closely at what school they (the student) went too.
I have decided to go to a private university- because it has one of the best nursing facilities in my state. The state schools in my area are horrible- and people look down on you if you get your degree there because of all the gossip that goes on. It's sad- I know! After it's all said and done, I'm going to be 50k in debt, but I have the luxury of living at home and not having to pay any bills... So, I will pay off my debt before I even think about starting a family. Should take me less than 3 years.
- Jul 4, '11 by NightNurse876I can only speak for my situation, so, here goes:
My mother made too much for me to get scholarships that covered what I needed. My freshman year I had lots of financial aid, no loans but the university recalculated and took away most of them before the year was out...so I had to get loans. I worked in Student Government and Stident Programming COuncil. My 2nd year I moved back home and commuted (no car!!) When you live 40 miles from campus but have to go 15miles to the other campus just to go 50 to the one class is on because thats the only way to get there. My junior year I worked on campus as an RA and started nursing school. My program was hard, not saying anyone else's wasn't...but for me it was. Being a resident assistant is very demanding bc you live where u work...there is no going home after work, lol! My senior year I was in student government again, working as a mail assistant and a desk assistant on campus. I still have $38,000 in student loans. Did I take every loan they gave me, yes...I needed to even with all the employment I had. I wanted to study, learn and apply and working on campus gave me flexibilty in hours and they HAD to be understanding because on campus, you are a studnet first. When I had regular off campus jobs and I had school things..I was told show up or quit. So yeah, I got a lot of loans but I wouldnt change a thing. The experiences I had were worth it but lets all be mindful that not everyone can do what you do so kudos to those without debt!! But dont talk smack about those that do had to....
- Jul 4, '11 by AtomicWomanIn this area (Philly), students who go the ASN route to save money may get an unpleasant surprise. There was an article in one of the major papers about a year ago, highlighting the continuing unemployment status of grads from some of the best ASN programs. Some entire hospital systems (i.e., systems with multiple hospitals in the region) now only hire BSNs. HUP and Main Line come to mind immediately. Even some of the small hospitals around here advertise "BSN preferred" and they are not kidding (yes, I have personal knowledge of this). Why shouldn't they prefer a BSN, when they can pay a new BSN grad the same money as an ASN grad and there is a huge pool of new grads pouring out of school every year?
Your mileage may vary, of course. I am sure that in some parts of the country, getting your ASN would be a very smart move. But we can't make blanket statements about what nursing students "should" do everywhere in this great big country of ours.
So, $240K for a degree in social work? Crazy. But a reasonable amount of student loan debt to get your BSN? Likely a good investment. What's reasonable? Depends on your situation, of course. But no, $240K -- or anything anywhere near that figure -- for a BSN would *not* be smart! Student loan debt in and of itself is not evil, despite some posts here that state or imply otherwise. The bad part is taking on way too much debt than can possibly be handled. That's why I think counseling by universities and/or lenders should be mandatory. "If you take out X amount of debt, your payment will be Y for Z years". Maybe compare what else you could do with that money to make it more real. "Here's a photo of that new car you won't be able to afford for the next 15 years" might get through to some people. Might.
- Jul 4, '11 by TheCommuterQuote from AtomicWomanA basic rule of thumb that I've personally followed is to never borrow more than you can reasonably expect to earn in one year in your prospective career.Student loan debt in and of itself is not evil, despite some posts here that state or imply otherwise.
- Jul 4, '11 by TheCommuterhttp://www.nytimes.com/2011/06/26/su...ardt.html?_r=2
Even for Cashiers, College Pays Off
The evidence is overwhelming that college is a better investment for most graduates than in the past. A new study even shows that a bachelorís degree pays off for jobs that donít require one: secretaries, plumbers and cashiers. And, beyond money, education seems to make people happier and healthier.
- Jul 5, '11 by workingharderDespite my best laid plans (and being really cheap), I ended up taking out $29,000 in loans for a BSN. Every time I signed the note I reminded myself that a lot of people will pay that(and more) for a new car. But, unlike a quickly depreciating auto, that BSN will be with me for the rest of my life and will appreciate.
- Jul 5, '11 by nursemarionThat is the same thing I told myself- the time value of money too means that as time goes by that amount seems like less. It is an investment. Without it, you would have a very different life.
- Jul 5, '11 by carrie_cThere's nothing wrong with taking out loans. Some people might be able to work full time and go to RN school full time, but I couldn't. Kudos to you if you could. Most of the people in my class who worked full time ended up failing or just barely passing. Getting good grades was important to me, I couldn't have gotten them if I worked full time. There's nothing wrong with student loans, what bothers me is the people in the articles are all whining. They knew what they were getting into.
- Jul 6, '11 by PMFB-RNQuote from AtomicWoman*** Not to mention that BSN grads usually have higher debt and may be seen as less likley to rock the boat or complain about poor working condition than the ASNs who owe nothing for theit degree and are less afraid of losing their job.Even some of the small hospitals around here advertise "BSN preferred" and they are not kidding (yes, I have personal knowledge of this). Why shouldn't they prefer a BSN, when they can pay a new BSN grad the same money as an ASN grad and there is a huge pool of new grads pouring out of school every year?
- Jul 6, '11 by eriksolnQuote from PMFB-RNFunny, I think it's the opposite. I've talked about this in thread where people complain about having to sign the form that OK's potential employers looking up your credit score.*** Not to mention that BSN grads usually have higher debt and may be seen as less likley to rock the boat or complain about poor working condition than the ASNs who owe nothing for theit degree and are less afraid of losing their job.
I think high debt leads to lower moral, not compliance, with regards to an individual. Consider that:
1. Those with high debt are more likely to seek OT, sometimes to the point of doing too much of it (I'm guilty of this, for different reasons). If said OT is not available, they are more likely to seek that second job, a part time job most of the time, but I do know nurses working two full time jobs (all 12 hour shifts, six days a week). So, when it comes to those with higher debt, you are getting someone more likely to burn out quickly.
2. Those with high debt, by default, are slaves to the dollar. If something that pays more opens up at another facility (even if its a long commute away, despite giving up seniority) they go to it. A nurse with less debt is more likely to take things like commute, seniority and other things into consideration.