As a Nursing Student, Will I be Paying off Loans Forever?

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Specializes in CCU, Geriatrics, Critical Care, Tele.

Nursing students can accumulate what seems like an insurmountable amounts of loans.......from student loans to car loans. They sometimes see big dollar signs in their sleep. Will they ever be able to pay off all those loans? What plans do you have for paying off your student loans?

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Specializes in Case mgmt., rehab, (CRRN), LTC & psych.

Mine are already paid off. A general rule of thumb is to never borrow more money than you'll reasonably expect to earn in a year.

I borrowed $12,700 to attend an LPN-to-RN (ASN) completion program in 2009 and graduated in March 2010. The student loans were due for repayment in October 2010, and I had the balance paid in full by October 2013.

I start 'attending' an online RN-to-BSN degree completion program next month and have prepaid the tuition for the six month term with cash. I plan to pay for my BSN degree as I go without amassing debt.

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No loans here. I'm working while going to school so I can pay cash and not have to borrow. It may be hard now but will be worth it in the end.

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I have loans & haven't even started nursing school yet. $11,250 to be exact. My car is paid off, so no car note, & I recently started getting the GI Bill along with my HOPE Scholarship and a few other scholarships so I won't have to take out anymore loans for the rest of my college career! That's a plus since I start a BSN program this fall. I have plans to have all of my loans paid off within 2 years after I graduate.

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Specializes in LTC,Hospice/palliative care,acute care.

When you are young "forever" is a relative term.25 years goes by in a flash...

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I paid 53k for a bachelors in nursing 1 yr, it's horrible!

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I'm lucky. Between my grants and my employer's tuition reimbursement program, I haven't had to pay anything out of pocket yet. I hope that continues for the next 4 years till I get my BSN.

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I am starting nursing school this fall and I already know that I won't need any student loans to get my BSN. Btw. I don't get any financial aid. Maybe if I want to go the grade school later on I will need some. I don't feel sorry for those people who have to pay 25+ years to pay off their student loan. It's their fault to pay 90 or 100+k for a BSN degree or even worse for an ADN.

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I'm extremely privileged to have a supportive family, so I don't have to worry about loans for my BSN. However, I know I want to get my MSN at some point, so unless I can get a job with tuition reimbursement, I'm going to have to take out quite a bit of loans for that.

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Stay in school and you won't have to pay them back until you are finished. Keep this up until you attain a degree high enough so paying them back won't be a sweat. :wacky:

I have loans but not too many. Stop complaining people. School is not cheap :no:

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