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.
I actually asked myself the same question. http://www.moneyunder30.com/degree-worth-student-loan-debt gives you a life calculator and formula to determine whether it would be worth it. Another option I've found, is work for a place that offers tuition reimbursment/assistant. Also, The military - they will pay for your schooling and sometimes even debt you might already have, mostly reserves if your older than i think 27 or even a regular branch. FInally, obviously, grants and scholarships. Those are the options I had come across when I was looking into paying for school/contemplating school loan debt. Hope this was helpful and good luck!
kerrybrown2005
16 Posts
thanks for your advice. i just talked to a nurse recruiter who told me the same thing you just said. thanks.