DC_RN

Honestly I’m just trying to give you a perspective of someone who’s done this program and is now paying for it. I know there’s circumstances where it make sense to attend hopkins (you are financially able, you haven’t been able to get into a public school) but that’s not really what I’m here to talk about. At this point many people have already made their decisions on attending or not so if you all have any questions feel free to direct message me.

Are you referring to public service loan forgiveness? From what I’ve read, about 1-3% of people who think they’ll end up getting loans forgiven through that program, actually do end up having them forgiven. That’s aneurysm inducing for me because after 10 years of making minimum payments, your loans are going to be near a quarter million and if they weren’t forgiven through PSLF, you’re 10 years older in a whole lot of debt. I think there is a general rule that after 25 years of minimum payments, yes they may be forgiven. But at this point you’ve probably paid a whole lot anyways.

As a brand new nurse, previous experience won’t matter unless you plan to go on to be a nurse manager or something not exactly clinical. Baltimore starts RNs around 55k, California probably pays the most around as high as 90k. I would still say most of the people I went to school with regret garnering that much debt for a degree that is going to make you an RN. If you want to go to a manager role, sure maybe it’ll help. But most people don’t do that. And you’re right people do take less salary careers with more debt, but they almost always regret it. I’m just trying to give you all some insight before signing off your financial futures to Hopkins. I get it’s exciting to go to a school with such a big name....but it wasn’t worth the suffering to pay loans for years on end afterwards for a lot of people. You sacrifice your happiness because you end up working (and working all the time) to pay these loans, and that’s what expedites nurse burn out as well. Not to mention ends up postponing people from getting advanced nursing degrees for the fear of accruing more debt. At the end of the day you are going to school to get a job to pay the bills. If your bills are so out of range compared to what you’re making, it’s going to affect your happiness. And all the passion for nursing in the world can’t make up for that. Just saying - you can probably end up wherever you want for a lot cheaper if you don’t go to a private school/money making machine that is obsessed with their name and knows how to manipulate potential students like hopkins.

I think most opportunities I ended taking advantage of were getting to know my clinical instructors. The job I got post-grad was on a unit that one of my instructors worked on. But I also think this could’ve have been done at any nursing school. The thing people don’t realize is every hospital wants a nurse than has a BSN/MSN. Nurses are in high demand all the time because of issues with retention. The only time it gets competitive is when it’s a specialized unit, and even then it usually comes down to who you know. Not what school you went to. This isn’t like medical school where it makes sense to pay to go to an expensive school so that you can get into a competitive residency. It literally does not make aaaaany sense to pay the Hopkins price tag for the salary of an RN. I can’t emphasize this enough. You should not be paying 100k for a salary of 50k under any circumstance.

NP! I would say most people who took out loans took upwards of 120k. I took about 100k because my parents were able to help a bit. I received a 15k scholarship and I think this was what most people received (maybe 15-20k on avg?). I did hear from one student she argued with financial aid and got a large scholarship to match her University of Maryland tuition, however I never knew if this was true or not.

Hi everyone, I am a graduate from this program and just have some insight regarding what people are saying. 1. Never pay more than 50k for a degree that will ultimately make you an RN. 99% of you are going to be RNs after this program and get paid the exact same (none of my colleagues got paid more because of their MSN) as a BSN or ADN nurse. Also, no hospitals (at least in the DMV or Cali) will look differently at you because you went to Hopkins. So my advice - don't rack up 100k+ of debt for a job that will pay you half of that yearly just because of the Hopkins name. Unless your family is paying for your schooling with no difficulty. 2. Hopkins gave almost everyone in my cohort a scholarship. Many believe this was a way to incentivize people to pay the quite frankly ridiculous tuition by thinking we somehow earned a scholarship at such a reputable institution. 3. It does not matter where you get a nursing degree. Hopkins hires tons of BSN nurses and BSN and MSN are essentially the same thing in the eyes of entry level nursing. If you continue to get your DNP, there are still few benefits of having an MSN versus BSN. Like maybe 2/3 less classes? Is that worth an additional 50k in tuition? No. 4. Hopkins students ended up being really upset with the amount of money paid back at the end of this program compared to people from University of Maryland, who if in state, paid a fraction of tuition only to be just as competitive for nursing jobs. Even ICUs or ED or other competitive units do not care about the Hopkins name because they know these are people that paid a ridiculous amount usually for the name. Note: these are just my thoughts that resonated with a lot of people who graduated with me. I was lucky to be able to save money living at home after graduation, but it is reaaaally hard to pay off 100k+ in loans if you make 50-70k salary and have to pay rent/for a wedding/children. And the interest is going to accrue like crazy. Basically, unless you have a partner making a lot of money, or you want to pay loans the rest of your life, or if you're the lucky 5/6 people who get into a good loan repayment program, you're kinda screwed by Hopkins tuition. Please think twice about a cheaper nursing program. I promise you, your chances of getting a DNP or becoming a CRNA will be the same if you get a BSN/MSN from another cheaper institution. If you are looking to work in DC post-grad, GWU offers a partnership with local hospitals that will pay a fraction of your tuition for a 3 year contract. Hopkins offers no such thing. I really regret racking up so much debt. I got lucky to be in the HRSA loan repayment program (which I only got because I am single and have SO much debt), and to be able to work so much overtime while living at home, but after 3 years I am still in so much debt.

Congrats to everyone who got this award!! Such a blessing. I was wondering - how much do they take out in taxes? And will we have to pay back a large sum around tax time because our monthly repayments will be counted as income?

Do you know if the counter signature means we are definitely going to receive a welcome letter/award?

Nope no other word since they resent the confirmation of interest email this past Friday

Mine says the exact same thing....I’m going to be really upset if they rescind the offer ?

What are your DTIs? It sounds like if you’re in tier 1 in regards to your site, the next thing they go by is DTI

I’m an RN at a private non profit hospital

Basically 200% :/

It was from [email protected] !

I think there will be another wave of finalist emails...not really sure how the process was previous years

I was also sent a finalist email this pst Thursday! ??????