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In your own experience is 49,000.00 too much for ADN program (uniforms,textbooks and supplies included)?
I am taking a loan out for all of the tuition and living expenses,how soon do you think i would be able to pay it off after I graduate and find a job?
What in the? There are people who really pay that much? Wow. I mean I understand that people don't want to wait. I really do, but that is ridiculous on so many levels. I always see a red flag when I go to school websites and they don't state their tuition and fees anywhere. They want you to come in so they can put on the hard sell, I guess. But I had no idea it could be THAT high. Please consider very carefully before you get into that much debt for an ADN!
Ugh, way too much. And you will not get what you pay for either.
This wait-list you speak of, does it really exist? I ask this bc the school I teach at does not have a wait list, but people think we do. They look at a new group every semester; if you don't get in, you try again. But if you didn't get in the first time bc of low entrance exam grades or GPA, it's unlikely you'll get in the next time (unless the applicant pool is weak the next time around).
You need to find out where you stand regarding your local CC. If you have a low GPA, then you need to consider how much this is worth to you. For profit schools prey on the students who have no other options, and will pay anything to get their degree. For that price, pay for the BSN. You're gonna need it anyway, and you're more likely to get a job (but not guaranteed) from a reputable BSN program, then from a questionable AS for profit program.
That's how much it costs to get a 3yr MSN @ Duke. Go to comm college for 10-15K and then get your job to pay for your BSN and up (at least part) That is waay too much. I almost went into a CMA program that was going to be close to 40K. I am SO glad a held out for the comm coll/ADN route.
And I wonder what the student default rate is on these outrageous loans!?!? Let me qualify this ... these new graduates have such a tough time looking for initial employmet. I feel for these kids. It's rough out there. Would it be any wonder if repayment is problematic with such outrageous loans?The ITT Tech in my region was charging $56K a couple of years ago. MCI (ECPI) was charging $43K. I don't know what they are today.It's outrageous what some of these for-profit schools are charging. That's why there are movements to close some of these programs and/or cut off their easy access to federal student aid dollars. The taxpayer ends up subsidizing a lot of those student loans -- and many of us taxpayers don't want to pay those outrageous prices for eduction that SHOULD be a whole lot cheaper.
I paid $2200 for my prereqs (got an AS degree).
I paid about 16K for my BSN at a private non-profit with an outstanding rep. Sticker price was 55K, but internal scholarships and grants made it cheaper than public schools.
OP look at those numbers and think about 49K for an ADN. With having to pay loans for 10-20 years, you do need to think that an ADN is more limited in long term earning potential. It can also make it harder to get your first job as can going to a for-profit with poor clinical placements or a poor reputation.
Rose_Queen, BSN, MSN, RN
6 Articles; 12,057 Posts
Heck, I finished my BSN seven years ago for less than $25,000. And that was five years (switched majors) at a private college! My MSN program isn't even going to cost half that price! You're getting fleeced if you go there. And looking at the math from other posters, there's no way I could afford that loan repayment and my mortgage if I were in your situation and went to that school. Realistically, you'd either have to marry rich, win the lottery, or live with parents to afford that payment. No wonder people are defaulting on student loans.