OK, I'm in a very small boat...I have over $75k in loans from my first degree (I just finished in December) and if I go to Hopkins, I'll have another $50k for the BSN. I don't even know for the MSN.
Does anyone know how to find Tuition Reimbursment programs at hospitals? Also, I'll probably be taking out loans anyway, but does anyone know what the cap is for a 2nd BS? And what banks/loan institutions have the lowest interest rates?
I'll be signing on loans with a cosigner because I'm a dependent, so I think that lowers the cap on how much I can get from like Sallie Mae (from whom I borrowed everything for my first degree)
I would weigh the cost of the degree with any salary rewards that may (or may not) come at the end.
If you are talking about over $125K in student loans, your payments will almost certainly skyrocket over $1000 a month...the question is: Will your salary pay that when you are finished and still allow you to eat?
The highest tuition pay-off I have ever seen is only $30K..and that was for the military.
Mount Saint Joseph will also allow you to divide the entire tuition for the progam into 12 monthly payments. If you have family or a spouse that can help you, this may be a good option.
Lots of schools (including Accelerated BSN and MSNs) have this option. It's called the FACTS program. You sometimes have to call and ask though.
If you don't mind doing a service committment after you are done with your BSN there are gov't programs to fund nursing school - such as the National Health Service Corps (which you can also do as a loan repayment option after you are done) and they have nurse specific scholarships/loan repayments. Here is a website to look up this info: http://www.hrsa.gov/help/healthprofessions.htm Does Hopkins offer any scholarships? I went there for undergrad and they were pretty good with their financial aid package for me - but I don't know how the nursing school is. Did you file your FAFSA and receive your financial aid package yet? I don't think that a hospital will pay all the tuition for Hopkins because it's pretty expensive - the most you may get out a hospital is 5,000 - perhaps more (depending on the hospital and the funds they have set aside for this). Vanderbilt University also has a good scholarship website if you want to peruse: http://www.mc.vanderbilt.edu/nursing/msn/scholarshipsext.html ; also on that site they have loan repayment programs. Some states also cancel loans if you agree to work in an underserved area afterwards, I know Georgia does this - you may want to check to see if Maryland does this too. And there are tons of direct entry MSN programs if you are interested: http://www.allnursingschools.com/find/results.php?program=accelerated-msn&st=&submit=Find+a+School Good luck!
in cincinnatti, the university of cincinnatti offers a direct entry program which has three distinct phases. you can complete your AP training as part of phase 3- or postpone phase 3 (not sure how long) or take phase 3 part time, in order to gain some valuable experience working.
For me, I'm going into a Direct-Entry BSN/MSN program. The MSN portion will give me the NP in whichever department I choose. It's an accelerated program designed for people with Bachelors degrees in a different area, so I'll finish the BSN in 13 months. I didn't hear of any programs that would allow me to go from my current BA in Neuroscience, having done the pre-reqs, to a Master's.
What I'm going to do is finish the BSN by next July and work for a while, then go on to the MSN later on. Plus I'll get more time to be working at Hopkins Hospital and explore in the meantime before going back into school to become a nurse practitioner.
I would suggest calling nursing schools with your questions. They're usually really nice and helpful.
OK, I'm in a very small boat...I have over $75k in loans from my first degree (I just finished in December) and if I go to Hopkins, I'll have another $50k for the BSN. I don't even know for the MSN.
Does anyone know how to find Tuition Reimbursment programs at hospitals? Also, I'll probably be taking out loans anyway, but does anyone know what the cap is for a 2nd BS? And what banks/loan institutions have the lowest interest rates?
I'll be signing on loans with a cosigner because I'm a dependent, so I think that lowers the cap on how much I can get from like Sallie Mae (from whom I borrowed everything for my first degree)
Thanks!
Perhaps you already got your questions answered. Here's what happens at Hopkins: If you want a loan, fill out the FAFSA form. Then you can get either subsidized or unsubsidized student loans from the govt. Nearly everyone I knew got some sort of govt loan, but it did not cover all of the costs. Then some people got private loans from banks (if you have a job, get the loan before you quit to go back to school) (if you have someone co-sign, that will be in your favor if you aren't working). Some of the govt loans were approximately $20K, but it really depends on your individual situation. TALK to the nursing school. They have excellent financial aid people who know the answers to your questions.
The other thing to consider: After obtaining your BSN in 13.5 months, sit for the NCLEX and work at Hopkins hospital for at least 6 months. Then start taking classes at Hopkins for the master's portion. The Hopkins hospital will give you tuition reimbursement (depending on whether you are working full time or part time) for attending Hopkin nursing school. Lots of people do this because they need to pay back their student loans and want some money to live on! The Hopkins nursing school is flexible so you can start the master's portion in the fall or wait until the winter/spring. You may find that it may take you a little longer to finish the master's (NP or CNS) portion of your degree, but then you won't have a huge debt burden at the end. Plus you'll have some relevant work experience.
Contact the Hopkins hospital recruiters and they can tell you more.
Um, well I am also getting a second B.S. and I sure as hell wouldn't go to a school that costs half has much as medical school. I'm going to a state school b/c it's the same education, at a much lower cost.
Let's talk money:
I have a friend who is $110,000 in debt, she has a master's, makes no more than $80K a year at a high tech company, and her loan payments are no less than $750 a month. I don't want that.... that's 3X my car payment.
I have another friend who is almost done with getting his M.D. and will also be $110,000 in debt. The difference is that friend #2 will be making close to $250K a year when he is done with his residency.
So yeah... good luck paying back your loans with only a B.S.N... which at most you will make $75K your first year.
Too bad it sounds like you are too good to attend a state school, you might actually find it worth your buck. Or $100,000 bucks.
Too bad it sounds like you are too good to attend a state school, you might actually find it worth your buck. Or $100,000 bucks.
Seriously, your entire post was quite rude, and completely uncalled for. We our free to express opinion around here, but there is absolutely no need to do so in a snarky manner. As you seem to be quite new here, perhaps you should read the FAQ in regards to etiquette and the overall vibe on these forums.
justme1972
2,441 Posts
I would weigh the cost of the degree with any salary rewards that may (or may not) come at the end.
If you are talking about over $125K in student loans, your payments will almost certainly skyrocket over $1000 a month...the question is: Will your salary pay that when you are finished and still allow you to eat?
The highest tuition pay-off I have ever seen is only $30K..and that was for the military.