How Much Nursing School Debt Are You In?

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So as I explore options for grad school I'm realizing that I may have to end up taking out a loan. I've never done it before and I was able to get through my undergrad through tuition reimbursement programs and lots of hard work. But I want to be able to have the luxury of not working like a dog at 2 jobs while I'm in school like I did for my undergrad. I'd be interested in hearing what some of you have done in terms of taking out student loans and how long it's going to take to pay them back. What kind of interest rate did you get? Federal loan or private? Etc. Thanks!

First degree years ago, I paid loan debt. This second nursing degree, I did cash. So, no debt this time.

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Specializes in LTC, Acute care.

About $30,000. I can't wait till the day I pay it off completely!

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$41k. I went to a private school so my own reasons.

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Specializes in PCCN.

11,000- 5 years later :-(

But I am continuing with RN- BSN at my local state college- and paying as I go- they are allowing me to make payments as I go. only 5 credits this semester- its do- able

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I will have about $30,000 in loans after I graduate from a ADN program from a community college. The tuition is mostly covered by financial as I am a single parent and not able to work while in school. The loans pretty much cover rent, utilities, etc. Thankfully my car is paid off, I would be in trouble if I had a car payment! My goal is to get a job at the local university hospital that covers 8 hours a semester and finish my BSN part-time while working there. I have heard they have a loan repayment program as well so I hope I can get that also!

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Be VERY careful borrowing money. I had to borrow ALOT because I could not work AND go to school as it was prohibited by the program. No one ever asked

"how will you pay this back should you not finish for some reason"

i never even considered the thought of not finishing. 100K later, I hate being a nurse and cannot get back into school for the whole reason why I became a nurse in the first place.

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Specializes in geriatrics.

Hi lk washington. Considering that masters educated nurses usually make 10 to 15 thousand more in salary per year, the 20 000 definitely pays itself. Once my loans are paid, I will also do a masters.

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Specializes in MPH Student Fall/14, Emergency, Research.

$30K and counting. Student loans pay for my tuition, and I work part time to pay for everything else. I plan to pay down very aggressively once I graduate, for at least 2 years, while I build clinical hours towards an NP program.

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Specializes in Hospice.

30 thousand for a 2nd degree bsn program (12 month) graduated in May, didn't start a job until july, currently my debt is at 9 thousand and will have my loans paid off in april. We lived off my husbands salary while i was in school so we kept doing that when i got a job.

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Specializes in ICU.

$20000 for bsn. $ 30000 for anesthesia school. I'm changing majors to np so more debt to come...

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Specializes in Geriatrics, Home Health.

I did nursing school at a community college. The total cost was about $7,000, and I had to borrow all of it. Including my previous degree, I have about $15,000 in student load debt.

I jumped in blind with no savings, no scholarships - ethnicly and by grace of a wife with a wonderful job that pays well I was not eligible for even a pell grant or anything else.

I'm a black woman, and I didn't qualify for any government help.

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Specializes in Tele, ICU, ED, Nurse Instructor,.
Hi lk washington. Considering that masters educated nurses usually make 10 to 15 thousand more in salary per year, the 20 000 definitely pays itself. Once my loans are paid, I will also do a masters.

Hi Joanna73, I was thinking the same thing. I hope it works out the way we are thinking. Thanks and good luck to you too.

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