Nursing loans really that bad? 120K

[nursequery1]

Hi all!

I was recently accepted into NYU's accelerated nursing program and initially was super excited to begin this journey. When I received the bill all the excitement was kicked out of me by the whopping $20K I would need to take out in loans PER SEMESTER. This means I would graduate in 2017 with about $120K TOTAL in loans.

I've talked to several nurses that I know and they have nothing but great things to say about the NYU College of Nursing. HOWEVER, none of them had to take out excessive loans because their parents covered the cost. This is an AMAZING opportunity for me but frankly the thought of having a $120K loan hanging over my head makes me want to drink myself to sleep.

I could go on and on about how unfair the educational system is (because it is) but that's not what I want this thread to be about. This is my situation right now and I want to make the best decision for myself.

If anyone else has been in this situation PLEASE SHARE YOUR STORY. IF YOU'VE TAKEN OUT EXCESSIVE LOANS TELL ME YOUR EXPERIENCE WITH THAT. IS IT WORTH IT? IS IT TOUGH TO BE A NURSE AND KEEP UP WITH SO MUCH DEBT?

Thank you guys so much in advance!

[Mursinmaz]

I graduated nursing school and didn't pay a penny. don't do it to yourself, its too much.

NYU nursing is amazing, I have a friend that graduated from there but is currently struggling.

Think about it, you make 65-70k~ a year. you'd be spending 2 years of your life just to pay off a debt. Thats how I thought about it when I picked my school.

[wannabeny]

Oh please don't do that. Think about it:

With that amount in loans, you will need to pay those loans probably while in school, and after you graduate.

You will need time to find a job. Think about how much will be taken out in taxes with your new paycheck.

Now, can you afford all of your bills, living expenses, AND the monthly payment on 120K?

You're basically paying for a house. That you don't have. And a career that you don't have until you've graduated and passed state boards.

Not worth it.