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jnniemeyer

jnniemeyer

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jnniemeyer's Latest Activity

  1. jnniemeyer

    Samuel Merritt ELMSN Fall 2019

    Very helpful, thanks so much!!!
  2. jnniemeyer

    Student Loans and Debt

    He's also got some great videos on YouTube!
  3. jnniemeyer

    Samuel Merritt ELMSN Fall 2019

    Thank you!!!!!
  4. jnniemeyer

    Student Loans and Debt

    Advice from studentloanplanner.com: "We’ve done over 2,000 consults and advised on over $500,000,000 of student debt here at Student Loan Planner. Our experience shows there are two optimal ways for DNPs to pay off student loans: Aggressive Pay Back: For people who owe 1.5 times their income or less (e.g. a nurse practitioner who makes $100,000 with loans at $150,000 or less), their best bet could be to throw every dollar they can find into paying back their loans as fast as possible, in 10 years or less. NPs should be sure to look at their PSLF options before refinancing. Often this includes refinancing student loans to get a better interest rate. Pay the least amount possible: For nurse practitioners who owe more than twice their income (e.g., $100,000 salary and $200,000 or more in student loans), the goal is to get on an income-driven repayment plan that will keep payments low and maximize loan forgiveness, whether it’s through PSLF or taxable loan forgiveness." Thoughts? https://www.studentloanplanner.com/nurse-practitioner-salary-worth-it/
  5. jnniemeyer

    Student Loans and Debt

    Thanks this is super helpful! It’s great to hear other perspectives and compare options. There are so many students who get accepted into these expensive nursing programs and take out the loans without thinking twice about debt. It seems like it is just the norm these days. It helps to hear that this is not the only route for someone with a non-nursing background.
  6. jnniemeyer

    Student Loans and Debt

    Thank you.
  7. jnniemeyer

    Student Loans and Debt

    There’s no need to be rude. I am just listing facts. Please list your opinions elsewhere, thank you.
  8. jnniemeyer

    Student Loans and Debt

    Thank you, that’s exactly why I am asking this question. Does student loan debt affect one’s eligibility for other loans such as mortgages, etc. Community colleges in California have waiting lists for several years and that is just to get an associates degree. Unfortunately this is a reality for many others and students are paying almost 100,000 for an ABSN.
  9. jnniemeyer

    Student Loans and Debt

    Thanks for your help - that’s exactly why I am asking this question. It’s not uncommon for nursing students to take out such large loans as these programs are getting more competitive. The ABSN is an undergraduate degree so I don’t think that limit applies. However I personally have borrowed more than 20,000 in government loans for a masters program so I’m not sure that is entirely true. I do wonder what will happen to loans in the case of an illness or disability. However, I was under the impression that government loans allow either deferment or forbearance in extreme situations like this.
  10. jnniemeyer

    Student Loans and Debt

    That’s awesome, what school was it? In California the state schools have limited seats and are very competitive to get into because of their low tuition fees. Students often end up on waiting lists for several years before even starting the program.
  11. jnniemeyer

    Samuel Merritt ELMSN Fall 2019

    Thanks so much. Obviously the tuition is my biggest concern - I will need to take out significant loans to cover tuition and living costs. Other nurses seem to think it is a rediculous amount of money to pay. But SMUs tuition is similar to many other entry level masters programs. Ideally I would like to work in a shortage area, but it seems quite competitive. I think worst cast scenario I could pay the loans off in 20 years on an income based repayment plan.
  12. jnniemeyer

    Samuel Merritt ELMSN Fall 2019

    Thank you, this is all super helpful! Since you are a student - can you tell me if there is time to work during the program? Can students work part time as nurses during the FNP portion of the program?
  13. jnniemeyer

    Student Loans and Debt

    I am wondering if there are any NPs that can advise me on student debt. I would like to pursue an entry level masters program to become a family nurse practitioner - however all of the options are very expensive and I would have to take out a very significant student loan. I have done a lot of financial planning, and it that seems worse case scenario - I would be paying the loans off on an Income-base repayment plan for 20 years. For those of you with outstanding student debt - how much of an impact does it have on your life? For example - does it affect things like buying a house, starting a family, and other big life decisions..?
  14. Hi! I saw your posts on Samuel Merritt ELMSN thread and had some questions. 

    Is there time to work (as a nurse) during the NP portion of the full-time course?

    It looks like there are only 6 credits/semester - at least during the first 3 semesters of the NP portion. I'm wondering if it would be possible to work during this time to help eliminate the burden of taking out student loans. 

    Thanks!

    1. SkiBumNP

      SkiBumNP

      I worked part time. 1-2 days a week. however my priority was to get clinical hours. they only require a miserable 650h  I did close to 1500 and wish I had more. 

      the credit hour burden does not equate to less work. you should be putting all time into clinical learning.  

    2. jnniemeyer

      jnniemeyer

      Thank you!

      What are your thoughts on the cost of the program? I have been getting a lot of feedback from other nurses that it's too much to pay for an FNP degree - what are your thoughts about paying back SMU loans on an NP salary? 

    3. SkiBumNP

      SkiBumNP

      ten years ago (i have no idea what the cost is now) it ended being about 1k a credit. 

      i'm not sure how this compares with other program, i'm sure on the more expensive end. 

      As an ED NP in San Francisco I do quite well. but i know that other don't get what i'm making. 

      I can't speak to loan repayment as I paid upfront. 

      gw

  15. jnniemeyer

    Samuel Merritt University FNP Insight

    Hi everyone - Does anyone know if there is time to work (as a nurse) during the NP portion of the program if students are on the full-time course? It looks like there are only 6 credits each semester - at least during the first 3 semesters of the NP portion. I'm wondering if it would be possible to work during this time to help eliminate the burden of taking out student loans. Thanks!
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