Going to CRNA school or delaying -- how much is enough saved?!

[seruhndipity]

I have been an ICU nurse for about 2 years now and have decided this is the year I want to go to CRNA school. I've been diligent in filling out applications, have gone through some interviews, and have been told me I'm a strong candidate. I'm at the point where I need to decide if I want to put down a deposit or not.

The thing is that I have not saved that much money. Ball park, by the time school starts I might have 20k saved, I also have a car loan of about $400/mo. I know.... I have not been the best at saving but I have never wanted to do anything more than go to CRNA school. After visiting schools and shadowing, I know this is what I want.

On top of it all, I am so burnt out from bedside nursing and can not imagine delaying school for another year. I understand I will come out with a ton of debt but if I am better about my money this time around it will pay itself back. but I just want to ask those who know better than I -- HOW MUCH is enough saved in the bank?? Assuming I am going to take out full amount of tuition for loans and that should cover a fair amount of living expenses? I know I will have to live frugally. but is 20k really enough?? Some of these DNP programs are 3+ years!!!

HELP!!!

[PresG33]

Generally you can get unsubsidized federal loans to cover tuition and grad plus loans to cover cost of living and other expenses. If you have options, choose a school that has low tuition but, more importantly, one that is in an area with low cost of living. Also, make sure your clinicals are within driving distance of your home/apartment. I've heard of people having to rent rooms for a month or two for a distant clinical while still paying rent on their primary residence. Another important question is not to ask can I afford to go to CRNA school”, but can I afford NOT to go to CRNA school”. Staying in the ICU when you are burnt out will cost you much more in stress and regret than doing something you love and paying back some loans for the opportunity to do it. People who go into CRNA school to get rich” are very mistaken; however, the money is good enough that you can pay off your loans in 5-10 years and start saving for retirement.