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I just passed NCLEX and am busy looking for employment. It is very hard to find jobs in NC right now for nurses. I have HUGE private student loans, at least $100,000. I attended a private college and nursing program that was very expensive. I just applied for a private loan consolidation.
My dad was my cosigner and that was a huge help. Are there any tips or advice you guys can give about working on paying these off? Any programs to use? We do not make a lot of money and my dad could never afford these payments alone. I will be getting a job of course
Any advice would be great!
I will be looking into loan repayment programs as I hunt for employment. I dont want my dad paying anything on it. My consolidation will help out with things. My school was VERY expensie and did not offer very much financial aid. Tuition kept rising as I attended.
sounds like a Duke or Wake grad to me...good luck!
Are you interested in correctional nursing? It is just a suggestion to consider. I know some states like California pay very well and are always looking.
That is a possibility. I will look into it :)
I thought the loan cancellation after 10 years of on time payment was already in effect.
Really?
sounds like a Duke or Wake grad to me...good luck!
I didnt go to either of those...I went to a small private school here in NC.
I thought the loan cancellation after 10 years of on time payment was already in effect.
This only applies to federal loans and people working in public service (a non-profit hospital counts as does the VA, public health nursing, school nursing, etc). Also, it doesn't just happen automatically, you have to enroll in the program through direct loans. Once you are enrolled and working in an eligible job then you have to make 10 years worth of on time payments (they don't have to be consecutive so you can use a forebearance or defer loans, even switch to another eligible position). Anything left after your eligible payments are made is forgiven.
Holy moses, seeing these dollar figures in excess of $100K for a 4 year degree makes me feel a lot better about my $30-40K loan. With a Masters I expect it to total $60K but I plan to have it paid down some. I can't imagine spending that kind of money and having anything less than an advanced degree and a PhD.
The difference may be partly in subsidized post-secondary education in Canada, I'm not sure. But my tuition annually is about $5k, and factoring in everything else it comes to around $10k per year.
Holy moses, seeing these dollar figures in excess of $100K for a 4 year degree makes me feel a lot better about my $30-40K loan. With a Masters I expect it to total $60K but I plan to have it paid down some. I can't imagine spending that kind of money and having anything less than an advanced degree and a PhD.The difference may be partly in subsidized post-secondary education in Canada, I'm not sure. But my tuition annually is about $5k, and factoring in everything else it comes to around $10k per year.
That might be part of it, but not all. I know PLENTY of people in the US who were able to get their nursing degrees for a fraction of that.
I agree with you that it's mind-boggling to think of paying $100K + for a 4-year nursing degree, especially when there are SO MANY more economical ways of getting the same degree.
This is making me sooooooo grateful for the opportunity to get my RN from a community college. Even with out-of-district tuition rates (I live in the next county over), I'll have my RN for around $10,000, including tuition, fees, and books. The plan is to go back for my BSN after I'm working (for a hospital with tuition reimbursement for employees, so it's free).
Community colleges rock!
I too have loans +100,000 because of interest. I went to a Private university as well. I was unemployed for a Year before starting my nursing job and what I did was defer my loan for 6 months. If you need more time they as for verification of some sort that you have no been working or a reason and they may grant you 6 months more but no more than a year of deferment. I hope that helps. Consolidation right now is hard because they had a hold on consolidations with my private loans due to the economy so i am still lookin up repayment options like public health places. Let me know if you find out anything more about repayment options and consolidation companies for i am still looking into it as well. Hope i helped some :)
I am worried about you being a nurse. You should have thought about how you were going to pay them off before you spent the money. Now that you have spent it then do what ever it takes to pay them off. If you must miss a few meals and live in a small camper then that is what btou must do. I hope you are not asking to get out of paying them. That is a crime in my book. Work lots of hours if neccessary. Your choice!
Suethestudent
127 Posts
It's not arguing HeatherGurl84...it's an exchange of ideas between people with strong opinions. It's all good.