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

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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?

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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

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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

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Specializes in NICU, ER, OR.

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

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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.

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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:

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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.

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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:

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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

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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

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Specializes in Case Management, Advanced Illness, Hospi.

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

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

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

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