Why Are So Many Students Worried About Expensive Tuition - page 2

I was reading other threads and I came across students who were accepted to private nursing schools but declined their acceptance because of the tuition.:nono: If nursing is your passion by any means... Read More

  1. by   kcochrane
    In upstate NY a new RN starts at about $22-25/hr. Perhaps with overtime someone could get close to $70k/year here. Some hospitals offer loan forgiveness of up to $3k..really not that much. In this area the CC I go to have a far better reputation then the more expensive 4 year. So yes I would advise someone that unless they are looking down the road at graduate school or some other option that requires a good name university, bypass the large tuition bill.
  2. by   oramar
    I was the first post on this thread and I came out against the idea of going into that much debt. I should ad that I would not always be against spending that much money of a nursing education. Some people come from families that have put a sizable chuck of the money for education aside. If I did NOT have to go into deep debt I would go to an expensive school like that. I realize that everyone's situation is different. So far both my children have been very aggressive about putting aside money for their kids educations. If one of my grandkids would want to go to a more expensive nursing school than I would have ever dreamed of attending it would be fine with me. It is the debt that is the problem. PS I would encourage my grandchild to make sure they were getting the best education for the money. Sometimes state schools have excellent nursing schools and are more reasonably priced.(though I would not call them cheap)
  3. by   L&DWannabe
    Hmmm....I'm not sure about "just go for it"...but it does come down to the individual. I don't think it is unwise to worry about getting yourself really far into debt- You really have to weigh the pros and cons. Right now- I'm going to a private school- and getting into debt- probably to start out at 18 an hour in missouri- but the school has a very convenient schedule that allows me to go on weekends and evenings, have a family, and a full time job. So I'm more than happy to pay for the convenience- but you do have to be careful not to over-indulge- and that goes for anything in life- not excluding education.
    Last edit by L&DWannabe on Jun 7, '09
  4. by   Do-over
    Quote from sunray12
    Well in all fairness, and not to step on any toes, but cc is the hyundai and a school like duke is more on par with a lexus.
    Well, I don't understand going into ridiculous debt for a flashy car either. A high-end car might be worth the money, but is it affordable? Are the supposed intangibles of an elite school worth the huge debt considering the income you might earn as an RN? For me, the issue is financial responsibility. If you can't afford it - come on over to the cc. You don't have to tell anyone, just get a bumper sticker and a sweatshirt from the expensive school and let everyone assume you go there...

    I drive a 10-year-old car (its a Ford btw, not a Hyundai - I am in Michigan after all ) and go to a community college and both are taking me exactly where I want to go.
    Last edit by Do-over on Jun 7, '09
  5. by   Mulan
    That wagging finger turns me off.
  6. by   khiasdestiny
    Quote from oramar
    Excuse me but you are going to get a lot of people disagreeing with what you just said. There are to many what-ifs. What-if the person can't get a job, what-if they get sick or injured, what-if they find out they don't like being a nurse very much. I wouldn't pay that kind of money and if someone else is somewhat reluctant to do it I can fully relate.

    First of all nursing is one of the highest demand jobs on the market right now. Most graduates get hired before they even take their NCLEX, i'm speaking from a NY point of view, second how sick are we talking? Paralized to the point where you cant even move a limb for the rest of your life??? On the other hand I do understand if they realize that nursing isn't for them that makes sense, no one should be stuck unhappy with a career for the rest of their life.
  7. by   RedhairedNurse
    Quote from khiasdestiny
    I was reading other threads and I came across students who were accepted to private nursing schools but declined their acceptance because of the tuition. If nursing is your passion by any means necessary you should do everything to accomplish your goal. In NY, nurses start off with 70K+ a year, so in a rough estimate its possible to pay off large loans within 5-10 yrs. The cheaper schools are much more competitive to get into. If you get accepted into NYU, PACE, LIU etc. just go for it. Is anyone with me on this?
    No. I have too much common Cents!
    I'm sure other's decline as well because their common
    Cents tell them other wise.
  8. by   monkeyadale
    The New York section of this site is littered with threads about new grads unable to find jobs, even considering relocating. But regardless of where you live reckless borrowing is never a smart thing. That debt will follow you for the rest of your life. Look at all the people who "just went for it" when their mortgage brokers told them they could afford homes worth 3, 4 or even 5 times more than what they make. Look at where we are now because of that. Not to mention that the credit market is tightening and it is very hard to find private student loans nowadays, even if you do find one the interest rates are usually prime or liber + anywhere from 3 - 10. You will be paying for them FOREVER! Even if you make 70,000 a year! and in that case nursing better be your passion because that is the only thing that will keep you sane while you are working tons of ot and living in a tiny box becuz you owe 800+ a month in student loans.
    Last edit by monkeyadale on Jun 7, '09 : Reason: Spelling
  9. by   Lightattheend05
    I have to say that it depends on the individual. I am attending a private university this fall and I won't have to pay anything out of pocket. I am an independent and I filed my fafsa early and received all kinds of grants and scholarships, not only that, but a hospital here is paying half of my tuition in return for a 2 year committment.
  10. by   khiasdestiny
    I don't quite understand your reason for posting...your "question" seems elitist and unnecessary.
    I posted this question to get different opinions, as you can see some agree with me and others don't and that's OK. Everyone is entitled to have their own outlook on certain situations. Basically your comment wasnt necessary either but I like the feedback.
    Last edit by TheCommuter on Jun 8, '09 : Reason: inserted proper quote blocks
  11. by   kerric511
    I'm Moving to NY! lol
  12. by   Cindy-san
    Quote from khiasdestiny
    First of all nursing is one of the highest demand jobs on the market right now. Most graduates get hired before they even take their NCLEX, i'm speaking from a NY point of view, second how sick are we talking? Paralized to the point where you cant even move a limb for the rest of your life??? On the other hand I do understand if they realize that nursing isn't for them that makes sense, no one should be stuck unhappy with a career for the rest of their life.
    I'm from NY. I didn't make $70 my first or 2nd yr. And what I did make, the gov't took quite a large chunk of. NYS taxes are killer.

    Oh yes, and my big fancy hospital was on a hiring freeze for quite a while (and plenty of others still are). I'd hate to have all those loans and no job.

    And to paraphrase my grad school: nsg is a demanding job. You have to be physically capable of doing it, or your out (of school).
  13. by   kerric511
    I was joking to that ... although I would LOVE to get out of little maine. BUT, I have a job, and thats more than most people have right now.

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