monthly payment

[allmostlvn1]

Those of you who went to private schools and had the monthly payment option how much did the school require you pay ?

[Batman25]

Did you pass the NET today? I believe you were the poster taking it. Hope so!!

[AnxiousStrawberry]

My monthly payments are my total balance I owe divided by ten months.

[caliotter3]

My daughter graduated from such a program in 2004 and is still paying off her loans. I think they must have financed the White House with all of its priceless contents to her over a lifetime contract.

[allmostlvn1]

yes i took the net today.I passed.YAAAAAAAY.I know for private schools like kaplan and concorde u take out student loan and use grants and the remainnder balance is either a personal loan or monthly payment options...jus a lil curios :)

[NickiLaughs, ADN, BSN, RN]

Well...when I did my LVN, that ended up not being too bad, the loans were over 10 years, and it had cost me 17k, 2k I had to put down. Then the remainder was in loans. My parents were awesome and after receiving some inheritance, gave me 6k towards it. so My loans were only 9 k after that, the payments came somewhere around 200 dollars.

I will tell you though, my RN program was 35k, same sorta deal with a 10 year repayment plan. Those payments are around 600$/month. Those ones are brutal. People go on about how much nurses make, but it really adds up.

If you are going to do a private loan (which I currently don't recommend given the economy and trouble currently finding jobs). I would suggest several things:

#1: you have no other outstanding debt, credit cards and car payments are incredibly difficult to pay with this.

Other than your basic expenses such as rent/utilities/living.

I am currently going bankrupt, due to other factors (my husbands disabled, we're losing our house). But school loans cannot be written off. It's only absolving me of my credit cards really.

Please re-think before you commit. I thought I could financially control all of this, but then one bad thing happened, and I thought I was going to make "all this money" as an RN, but extra shifts are hard to come by, etc.

[allmostlvn1]

thanks

[TheCommuter, BSN, RN]

I attended a private LVN program in southern California with a tuition of $19,995. The tuition was financed with a private Sallie Mae student loan at about 7% interest, and the monthly payments were about $250 when financed over a 10 year term. Luckily, I was able to pay the loan off in less than three years.