School loans and debt, how much are you in the hole?

Published

UPDATE: Changes: New Log In Requirement
Specializes in Emergency Nursing.

How much are nurses typically in the hole after completing their education? I'm having some plapitations after signing for the money for my 1st year RN-to MSN program.:o $15,000 more to add to the bucket.

One year is gonna cost me more than the four years it took to get my ADN! I'm not sure if I can laugh at that or not right now. :bluecry1:

Do you pay on your student loans/interest as you go, or do you defer them all through school and consolidate/start paying when you're done?

Up Vote Up Vote ×

I graduated from a BSN program in 1992. I had no loans but that was probably was because I had a sign-on scholarship and other academic scholarships. thank goodness

Up Vote Up Vote ×
Specializes in ICU-CVICU.

$40,000.00 that's going to a private school for 4 years (after scholarships!!!)

Are scholarships really for scholarly work if only the needy can apply? Given the amount of loans I owe, it's a subject that really, really angers me.

May

Up Vote Up Vote ×
Specializes in NICU, ER, OR.

35,000. Graduated 4 years ago and havent paid a penny on them. Keep deferring.

Up Vote Up Vote ×
Specializes in Nephrology, Cardiology, ER, ICU.

I had no student loans for my LPN and ADN program. However, in the last 3 1/2 years, I have accumulated $50,000 for the BSN, MSN and post-MSN that I completed.

Up Vote Up Vote ×
Specializes in OB, lactation.

I have about $30k in loans but that was for school itself as well as the gas money (110 mile one way commute) and child care I used. I hope to pay off alot of it in the next year and apply for grad school asap (luckily my husband can support us while I divert my paycheck).

So, basically I'm going to work for free and start all over again! :eek:

Up Vote Up Vote ×
Specializes in Pediatrics, Geriatrics, Call Center RN.

I have $15,000 in student loans from my LPN-ADN program. Man, I had not known the total figure until just now. Thanks for ruining my day. :( Just joking, I am due to start repaying about the time my new job starts.

Up Vote Up Vote ×
Specializes in Emergency Nursing.
I have $15,000 in student loans from my LPN-ADN program. Man, I had not known the total figure until just now. Thanks for ruining my day. :( Just joking, I am due to start repaying about the time my new job starts.

so sorry. :( It's killing me right now, too.;)

I see my estimate of about $50,00 total after my masters was pretty accurate! It really adds up fast, and that's even by paying as much as I can each semester. Deferrment is a wonderful thing, but it kinda keeps you in la-la- land where it's easy to ignore it. Well, I can see many of us are in the same boat. I was feeling very sad thinking of the figures, especially since now that I am working my husband and I want to build a house. I am thinking the responsible thing to do would be stay where we are and just put my whole paycheck toward school bills, at least for a year or two. :uhoh3:

Up Vote Up Vote ×
Specializes in oncology.

Went to a private nsg school for 3yrs, had subsidized and unsubsidized federal loans, after scholarships and all, i still owe 21,000. Just recently consolidated w/ Sallie Mae to make the July deadline so i will be saving about 75 dollars a month on payment...yay

Up Vote Up Vote ×

Oh dear....I hate to even think about this one...:uhoh3: I attended a private 3 year diploma program, had scholarships, etc. Graduated in 2002 $39,000 in debt. Currently owe around $15,000 and I am back in school for my BSN....paying for this time around as I go, one class at a time. :o

Up Vote Up Vote ×
Specializes in Case Management, Advanced Illness, Hospi.

Zip..Zippo...Nada>>> Tuition reimbursement through employer!

Up Vote Up Vote ×
Specializes in Emergency Nursing.
Zip..Zippo...Nada>>> Tuition reimbursement through employer!

Oooh, jealous here! That is awesome. Ahhh, to be debt free!:)

Up Vote Up Vote ×
+ Join the Discussion