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So I'm applying to CRNA schools this Summer. I'm planning the loans I'll need to take out to pay for the programs. Essentially I'm planning for $100,000 to $150,000 for the 3 year DNP program including living frugally during those three years.
I'm wondering if any of you have experience in paying off your student loans other than just making payments for the rest of your career? Taking on such a huge debt would be much easier if I knew of employers who may be willing to pay off my student loan debt if I contract to work for them for say 3-5 years?
I'm aware of the military option, I don't feel like the compensation would be adequate.
Military has loan repayment programs, but the best offer is to decline the loan repayment and the accession bonus and just opt for the 50k/yr bonus for 4 yrs.
USPHS has similar programs to the military.
There is HRSA. NURSE Corps Loan Repayment Program | Bureau of Health Workforce
Certain IHS positions will sometimes offer above the HRSA rates for bonuses and loan repayment.
The VA has 10k/yr with a lifetime max of 60k. You can also get a complete loan forgiveness if you have 100% VA disability rating.
Those are the ones I currently know about.
Bluebolt
1 Article; 560 Posts
Yeah, what Brandon said. As the OP who 3 years later is looking at graduating with my CRNA DNP this Summer I'm still waiting on that option that will pay off the $150,000-$200,000 (Yeah, turns out it was more expensive then I originally calculated).
Crickets... No, nothing then? (except military...) I did know one upperclassman that moved to a rural area and they offered to pay maybe $10K per year for 4 years as long as she stayed. So that is maybe $40k with a 4 year committment and she said it got taxed pretty heavy.
Currently the best bet I've found is moving to a rural area that's offering a high salary and working 50-60 hrs a week.
Hope this helps Brandon!