MSN worth the student loans?

[MommyandRN]

I have debating getting my MSN for a long time now. In fact, I enrolled in one but then backed out. And I'm thinking about it again, but I'm in my late 30s. I know I am determined enough to do the work, and study my butt off. And I would definitely enjoy the job advancement after. I am interested in MSN Education or Family NP and could see myself in either role.

However, I just can not stomach $30,000 loans to pay off starting three years from now. I have my own children to send to college soon after I start paying that. I also have credit card debt I need to pay off, so I feel like if I have the free time I should just spend the time actually working for $, with just the BSN. I feel that if I could just get into the specialty I want to be in, that I would be more content as an RN. The specialty I am in now I do not enjoy enough to stay in for 25 more years.

So, is it worth it for me financially to get my MSN? For those with student loans in their 40s, was it worth it?

[llg, PhD, RN]

It shouldn't have to cost you $30K. Take a little time (while you pay off your other debt, reduce your cost of living, and clean up any other financial issues) ... and find a job with tuition reimbursement. Then choose a state school in your home state so that your tuition will be minimal. Do not choose a more expensive school than necessary. Go slowly through school so that your tuition reimbursement will cover a lot of the costs.

I work with a lot of students in grad school and there is a LOT of variation in their school costs. Some people pay a LOT more than others. Make a few sacrifices regarding the speed of your education, etc. and you can save a lot of money.