Pay off loans, NP school, or specialty certificate?

Nurses General Nursing

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  1. What would you use $7000 for?

    • 35
      Pay of part of your student loans
    • 5
      Become certified in a specialty such as wound care
    • 5
      Apply and enroll in NP school
    • 2
      Buy 7000 worth of lotto tickets and hope for the best

47 members have participated

Hello everybody.

If you have 7k, from say, tax returns, would you use it to

-Pay off part of your 30k student loan

-get a specialty certificate such as WOCN

-Apply and enroll in NP school around 25k

What would you do?

Pay loans.

Everyone is going to NP school at the moment.

Lotto buying is generally considered a safe investment . Day dreaming of a millionaire life style is unparalleled .

I'd pay off the loans you already have. You'll get more added to that in NP school.

If I was spending someone else's money I'd get the lotto's. If it was my own, pay off debt.

Id put it towards buying a foreclosure and fixing it up (i know it will be wayyyy more than $7,000, but its a start)

Pay loans.

Everyone is going to NP school at the moment.

I was wondering about that too. NPs in city areas are plenty plus more paying dues...

Id put it towards buying a foreclosure and fixing it up (i know it will be wayyyy more than $7,000, but its a start)

It looks easy on TV haha.

California Bay Area prices though

Specializes in Medical-Surgical/Float Pool/Stepdown.

Definitely the student loans...paying to take a specialty certification should only cost a few hundred dollars!?!

Def student loans. But if your heart is truly in NP school than go for it!

Specializes in Critical Care.

Grad student loans carry a higher interest rate and the interest capitalizes from day one so I would use the money to pay as I go for the NP. Your other student loans probably have a lower interest rate and if subsidized the interest would not capitalize while you are in school with an approved deferment.

Also consider changing your withholding so you don't get such a large tax refund; you are simply giving the govt an interest free loan. Why not increase your take home pay and then use it to help pay all your bills now, not at the end of the year.

Specializes in Med-Surg, NICU.

You should use the money to pay off your debts before deciding to take on more! Applying that 7k to your student loans will save you a great deal in interest...do it!

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