100k in loans worth it?

[ravindram]

I've seriously been considering going back to school for nursing. I started a while ago but had to stop because of things going on in life at the time. I did finish some classes but don't have any type of degree. I unfortunately DO have about $28k in student loans.

I am currently 28 years old and working for about $40k/year and absolutely hate the job. If I go back for nursing, I know i would have to quit as I wouldn't be able to handle nursing school and working full time as well. With this I would have to take out loans for living expenses such as rent a food. I've done the calculations and came to about $100k to acquire a BSN degree (this includes my current loan). I don't have any other debts besides my existing student loans ($28k).

Do any of you think this will be worth it, or is $100k in loans too much for a BSN . I know nursing is something that I would love and be able to pour myself into. I am currently living in Minneapolis so the market for nurses is pretty good, at least right now...

[JJBookman]

No, 100K is not worth it,

[SilverBells, BSN]

On 5/10/2017 at 12:03 PM, ravindram said:

I appreciate all the answers so far. This is helping me. As much as it sucks to hear, having $100k in loans doesnt sounds like it will be worth it. I am curious about getting to a BSN using a different path though. Some have suggested ADN then bridging to a BSN. Does anyone have any experience with this path? I'm also curious if this will be a little bit more manageable with working full time. I figured if it is indeed more manageable, then I can work full time while pursuing the ADN and then try to get a job using that ADN that will maybe be a little more flexible while i go for the BSN. Thoughts?

I personally would recommend this path, as it worked well for me. I graduated with my associate's degree in 2014. Then, while working, I completed my BSN degree. Fast forward five years, and I'm now a little less than halfway done with my MAN degree. By the time I graduate with my Master's, all 3 will have cost me significantly less than $100k. Actually, even less than $50k. I can't imagine spending $100k for a nursing degree, because, although I am doing relatively well for myself, I am making nowhere near $100k/year. I likely won't ever see that type of income, either. So for me, to spend that much on a degree wouldn't be worth it. There are some expensive schools out there for sure, but there are also ones that are less expensive and just as good, as far as the education you receive. I personally would seriously look at a less expensive option at obtaining a nursing degree, but I wish you luck in whatever you decide.

[Puella]

If you really are sure that nursing will agree with you from here on, then I vote yes. Like everyone else I think the amount is high and you could do things to lower it a bit, but that's not what you asked. Life is too short to be stuck in a 40K a year job.

Ooof! I just realized this is a years old thread. I wonder what the OP did?

[turtlesRcool]

This thread is from 2 1/2 years ago. My guess is OP made the decision already.