Published Dec 20, 2009
Regisp
1 Post
I was wondering what was the amount (just an estimate) you had to take out, and how long it took (or will take) to pay it back. I only ask because I am transferring to a different college that will cost more, and I am hoping it won't send my life into a huge debt cycle. Thank you!
Peanutter1
13 Posts
I'll have about $80,000 out when I graduate. This is more than many students in my class, but there are a few who have close to the same amount out. My plan is to live the same way I have been living (like a college student...eating and living simply) for the first few years I'm a nurse. I'll put as much of my salary as possible into paying down my loans. I had to take out the loans because I got accepted to a private school. I live in Colorado and getting into nursing school is very competitive so I felt like I had to go for it or risk not being accepted somewhere else.
I am really worried about the student loans, but I figure it will work out. Nursing is a good career and I plan to advance my education in a few years, which will help with the debt. Good luck!
itsmejuli
2,188 Posts
I googled student loan calculator and found this:
http://www.finaid.org/calculators/loanpayments.phtml
Mr I Care
157 Posts
I know by the time I graduate nursing school I will owe $20,000. I thought that was high, but my friend owes $80,000. I am so thankful for grants and scholarships. Hopefully, I can get a nursing job that is willing to pay this off ( or I can pay off) before I start expensive dual practitioner program.
JazzyJ601
7 Posts
I will be looking at about 25,000 when i graduate because i chose to attend a private college , which will run about 60-80,000 for 4 years depending on if you live in a student apartment/dorm or off campus.i'm too thankful for fin aid or i would not be here. I look at it as your education is a great investments and alot of hospitals here give you a monthly allowance to help with student loans.Also there are programs for nurses that will help pay back your student loans some 100% if you work in a urban area , you should google this topic.
tfleuter, BSN, RN
589 Posts
I'm guessing I will be in at 20K for my BSN and plan on spending at least the first year putting as much money towards my loan as possible. Based on what new grads are being paid in my area and IF my expenses are about the same once I am done, I think it will take about 18-24 months to pay them completely off. I may even apply for my associates next year, take the NCLEX and hopefully find part time work as an RN so I won't need to take out any addition loans, lowering the final debt amount.
After Graduation from ADN program I will owe 20k, which will take 5 years to pay if I pay it off by myself. I will have to pay $300-350 per month. If i get a job with a loan repayment program; I can pay it off in 2-3years and pay for my RN-BSN tutition.
Later in my nursing career I want to get my masters so I guess I will be in debt again, but look at bright side my credit score will look great hopefully.
guiltysins
887 Posts
After graduation for my BSN I will owe about 30K which is considered nothing to most of my classmates. My tuition for four years at my private university is about 100K and that's without living on campus, books, supplies, nursing essentials ect. I hope to have it paid off in about 4 to 5 years.