Worried about paying off student loan debt

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Hi all,

I thank you in advanced for any replies to my post.

As I further into my BSN degree, I find myself collecting more and more student loan debt. By the time I am finished with my degree, I will accrue approximately $100,000, and this worries me- a lot. My question is:

Would anyone be able to give me some faith that I won't be killing myself paying off this huge sum? I hate to go through all of this, only to find a job that will just allow me to get by in life when trying to pay down this debt.

Is anyone going through/went through the same sitaution?

Any comments would be appreciated!

Thanks

Some background information: I live on Long Island which isnt known to be particularly cheap!

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That's insane. You will be killing yourself. Please don't take on that much debt. Please go to a cheaper school.....

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How is this costing $100k? I don't understand that at all!

You ARE going to be killing yourself to pay it all off, yikes!

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Specializes in Forensic Psych.

Holy moly!

I'm sorry, but I can't comfort you about that one. I haven't done the math, but I'd imagine you'd be repaying at a rate of at least $1500 a month.

At this point, however, you don't really have choice. Time to learn so great budgeting skills!

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Ah, I guess no one has attended a private school on long island :( lol.. At 25,000 a year for four years...you end up with something like this unfortunately

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Specializes in Critical Care.

wow. makes me feel great about the 20k i will owe when i graduate.

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It's too much, especially b/c a significant amount of those loans must be private loans b/c you'll be over the limit for federal undergrad student loans. That would mean income based repayment and other options won't be avail to you in the future for a big chunk of those loans. Also, if you want to further your education you'll have a hard time doing it b/c of the debt accumulated for your bachelors.

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Specializes in Pedi.

I graduated with over $90K in debt. All my federal loans are long paid off and I have just under $40K in private loans left. I am six and a half years out of school. My payments have never been anywhere near $1500 a month- half that at the most.

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I graduated with over $90K in debt. All my federal loans are long paid off and I have just under $40K in private loans left. I am six and a half years out of school. My payments have never been anywhere near $1500 a month- half that at the most.

...ah so there is some hope! That sounds almost literal to what I will owe.

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Yikes, Scary Monsters!!! Must be an IVY League school? IF not run for the hills. I went the route of LPN diploma, LPN to ADN, now I'm going for my BSN online, in total, I'll have spent about 50K. What makes this worse is that jobs are getting harder and harder to find for new graduates! You're better off going to a NP program, there will be a huge demand for them with the new ACA in place, and a better salary as well. As an RN, you will be paying that off forever!!

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yeah that is a lot of student loans. How many more years do you have left to go? good luck, it's really difficult to find a job these days.

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yeah that is a lot of student loans. How many more years do you have left to go? good luck, it's really difficult to find a job these days.

I have two years left after the upcoming semester,and I know, but it was either do that, or don't go to school, and stay at my current job making 24k a year. And as far as finding a job- I assume it has a lot to do with location? I hear so many differing opinions on the matter.

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