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Financial Aid Question....

Students   (774 Views | 9 Replies)

jschut has 20 years experience as a BSN, RN.

19,093 Profile Views; 2,741 Posts

Ok, here goes.

I am currently working 40 hours a week as a LPN in LTC. (I hate it, I really do...not because of the patients, mind you, but the unrealistic amount of work you have to do in order to finish anything!)

Anyway, I start school in August. I want to cut my hours down to 24 (2-12 hour shifts on the weekends) to have time to study.

I'm afraid I won't have enough money to sustain us through till I get out of school.

Here's the kicker. I can get loans. Like $7500 this year and $10,000 next year and my Senior year.

Would you do this? Does it sound feasible? I just don't want to have to suffer with my children not getting the clothes for school, and supplies and so on and so forth. I mean, we're certianly not starving, and the extra money would help....

I need opinions and advice....what do you guys think?

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michelle95 specializes in Geriatrics, DD, Peri-op.

329 Posts; 3,330 Profile Views

I think when you have to pay back the loans, they are pretty low payments. With that said, I would do it. You will be easily making more than enough money to cover those payments and you won't be stressed as much while in school.

That's just me.

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moonbunnie has 5 years experience.

134 Posts; 2,939 Profile Views

i agree, you will probably be much happier working less while you are in school and not having to worry about money. and they dont ask you to pay very high payments. maybe you could even get hired somewhere that will offer you tuition reimbursement or a sign on bonus once you graduate :)

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All_Smiles_RN specializes in Cardiology.

527 Posts; 6,303 Profile Views

I'm using the loans too so that I won't have to work. I hate racking up the debt, but I enjoy having study time and time with my son. Good luck.

...Jennifer...

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txspadequeenRN has 20 years experience as a BSN, RN and specializes in ICU, PICC Nurse, Nursing Supervisor.

4,373 Posts; 29,413 Profile Views

I too am a LVN and work 32 on Sat and Sun. I have 5 kids and this paycheck on monday will be my Last big check. I was working on Fri but cut that out because Im trying to get into nursing school. I have every intention on taking out loans to help, I think do what ever helps you get through . What if one thing big went wrong could you financialy be ok. I love extra padding so Im taking the loans... Wish you luck :)

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wonderbee is a BSN, RN and specializes in critical care; community health; psych.

1 Article; 2,212 Posts; 13,096 Profile Views

I'm applying for everything I can get. My advice is go for it. When you start working, many states have loan forgiveness programs. Sometimes hospitals participate in some type of loan payment assistance as well.

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michelle95 specializes in Geriatrics, DD, Peri-op.

329 Posts; 3,330 Profile Views

Another thing you could look into is a job with a loan repayment program. Also, your state may have one.

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462 Posts; 5,659 Profile Views

Ok, here goes.

I am currently working 40 hours a week as a LPN in LTC. (I hate it, I really do...not because of the patients, mind you, but the unrealistic amount of work you have to do in order to finish anything!)

Anyway, I start school in August. I want to cut my hours down to 24 (2-12 hour shifts on the weekends) to have time to study.

I'm afraid I won't have enough money to sustain us through till I get out of school.

Here's the kicker. I can get loans. Like $7500 this year and $10,000 next year and my Senior year.

Would you do this? Does it sound feasible? I just don't want to have to suffer with my children not getting the clothes for school, and supplies and so on and so forth. I mean, we're certianly not starving, and the extra money would help....

I need opinions and advice....what do you guys think?

Don't forget to let the financial aid officer know about your change of income. They can do an adjustment with your new income. You may just get a grant if you are on the line.

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49 Posts; 1,890 Profile Views

Why do you want to be a RN then if you hate what you do now? It will only get worse as far as doing so much to get so little done.

I have three kids and know what you are talking about with the financial responsibilities, and I just made up my mind that I will do the sacrificiing and the kids will eat and have a roof over their heads.

Ok, here goes.

I am currently working 40 hours a week as a LPN in LTC. (I hate it, I really do...not because of the patients, mind you, but the unrealistic amount of work you have to do in order to finish anything!)

Anyway, I start school in August. I want to cut my hours down to 24 (2-12 hour shifts on the weekends) to have time to study.

I'm afraid I won't have enough money to sustain us through till I get out of school.

Here's the kicker. I can get loans. Like $7500 this year and $10,000 next year and my Senior year.

Would you do this? Does it sound feasible? I just don't want to have to suffer with my children not getting the clothes for school, and supplies and so on and so forth. I mean, we're certianly not starving, and the extra money would help....

I need opinions and advice....what do you guys think?

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jschut has 20 years experience as a BSN, RN.

2,741 Posts; 19,093 Profile Views

Why do you want to be a RN then if you hate what you do now? It will only get worse as far as doing so much to get so little done.

I have three kids and know what you are talking about with the financial responsibilities, and I just made up my mind that I will do the sacrificiing and the kids will eat and have a roof over their heads.

gordi~

I don't hate being a nurse, what I hate is the extraordinary amount of work the facility I work for places on one person and expects them to finish. I don't have enough time to do proper patient care as I see it should be done.....

That's a large part of the reason why I want to return to school to further my education, so I can maybe become part of a solution to these problems.

My husband and I have had a dream to be able to open our our small country nursing facility. Only about 10 -15 people, but to offer it as an alternative to have to go skilled right away!...Does that make sense? :)

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