I'm actually a 22 yr old LVN right now with no job and i still owe about 30 k for the lvn program. I want to continue my education to become an RN so I decided to go to West Coast University in Orange County. I took the entrance exam about 2 weeks ago and passed it and i actually have to go back tomorrow to talk to the financial aid/loan reps. As im filling out the paper work right now...i keep on thinking to myself.."is it worth being in debt with almost 100k?" The reps there make it sound so easy...they told me you'll be making about 70k a year and that loan should be no problem..but im still worried about the loan and how it will affect me later in life.
another thing to think about is that its about 10 mins from my house, I'll be done in 18 months with an associates degree and i can start working as an RN.
Your input about my current situation would be greatly appreciated.
PLEASE don't take on that loan burden. Follow the advice of previous posters & go with a traditional (non-commercial) school at a much lower tuition rate. There is no way you will be able to support yourself & pay $1k per month in loan payments. I also think $30k is an outrageous amount of money for an LVN program - was that another commercial school? Honestly, there needs to be more regulation out there to prevent them from taking advantage of people.
Defaulting on loans is not an option either. In my state & a lot of others - you can't even renew your nursing license if you are in default on your student loans. It is a no-win situation.
You can do the LPN to BSN at ISU online for around 25k (if you have ZERO prerequisites) I'd go with the advice you've been given and find a different route toward your RN. That's just way to much debt to have hanging over your head!
PLEASE don't take on that loan burden. Follow the advice of previous posters & go with a traditional (non-commercial) school at a much lower tuition rate. There is no way you will be able to support yourself & pay $1k per month in loan payments. I also think $30k is an outrageous amount of money for an LVN program - was that another commercial school? Honestly, there needs to be more regulation out there to prevent them from taking advantage of people.
Defaulting on loans is not an option either. In my state & a lot of others - you can't even renew your nursing license if you are in default on your student loans. It is a no-win situation.
Even if you are in the rare state that doesn't care about you being in default (I don't know which ones those would be) If a facility accepts medicaid/medicare/VA etc etc they can't legally hire anyone who is in default and must let go of any employee who goes into default.
I worked full time and went to went to school full time. I did not qualify for pell grants so used student loans. I graduated from my RN with $23,000. of debt. thank you Community College. I take the same test as a BSN.... Don't get me wrong I am in process and am planning on completing a BSN program.
Then applied to a State Loan forgiveness program and they are paying $15,000 of that debt. so that will leave me with 8,000 that I will have to pay.
I'm starting Indian state.....way better deal...most people compalain that there is no classroom and your on your own....so yes you have to have some self discipline to study on your own....I personally have no self discipline but i want to be an RN really bad I feel like its what i was meant to do and love being an lvn.....so guess what Ive actually turned the TV off and have been studying....I would wait and get a job before taking on any huge amount of debt... i would say out of 40 students in my LVN class only about 14 have found jobs and we graduated in March its really hard out there even for new RNs.... ........ just my 2 cents :)
Are you saying that you will be 100k in debt, and only have an associates degree in the end?
I have a BSN and i'm only 45k in debt, and I also got $2000 in excess per semester from that money to live on.....
Why would it cost 70k for an ADN? What school is this?
its west coast university...private....they charge 67000 for a ADN and 120 for a BSN......and from what Ive heard the price is going to be going up in feb......its crazy
its west coast university...private....they charge 67000 for a ADN and 120 for a BSN......and from what Ive heard the price is going to be going up in feb......its crazy
That makes me nauseated just thinking about it! Please find another way, you have given them enough of your money
100,000 in debt is not worth it. Its a weight that is going to be around for a long time. You wil regret it later on when you cant find a job, or hate the job/facility you work in but cant quit because of 100K in debt. Try and look for a cheaper option.
gooday, am about to start an rn program and i am curious about my sources of funding. i am still waiting for my financial aid package. but before that can some one help me if they know of any sources of scholarships for nursing students . i am particularly curious about hospitals that want students to sihgn contracts to work with them after graduation in return for funding while they are in school. antone know anything concerning this in the loiussania area, or any related sources of funding? thanks.
gooday, am about to start an rn program and i am curious about my sources of funding. i am still waiting for my financial aid package. but before that can some one help me if they know of any sources of scholarships for nursing students . i am particularly curious about hospitals that want students to sihgn contracts to work with them after graduation in return for funding while they are in school. antone know anything concerning this in the loiussania area, or any related sources of funding? thanks.
Talk to the financial aid office at your school.
Regarding hospitals paying for you to go to school, I seriously doubt you're going to find that. There are a TON of new grads out there scrambling for jobs... hospitals don't need to subsidize students like that or to offer sign-on bonuses anymore.
HouTx, BSN, MSN, EdD
9,051 Posts
PLEASE don't take on that loan burden. Follow the advice of previous posters & go with a traditional (non-commercial) school at a much lower tuition rate. There is no way you will be able to support yourself & pay $1k per month in loan payments. I also think $30k is an outrageous amount of money for an LVN program - was that another commercial school? Honestly, there needs to be more regulation out there to prevent them from taking advantage of people.
Defaulting on loans is not an option either. In my state & a lot of others - you can't even renew your nursing license if you are in default on your student loans. It is a no-win situation.