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taking out a loan for expences while you go to school.

i have been thinking of taking out a loan so i can go part time at work while i go to school full time.it will take me 6+years to get my RN degree if i dont and 4 if i do.but im not sure. anyone a nurse? how much do you actually make starting out? would this be a good idea??

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Anonymous

Asked by Anonymous at 2:38 PM on Jun. 29, 2009 in Money & Work

Answers (7)
  • You should talk to a financial advisor about loans. It really depends on what type of loans you need and or qualify for. Are we talking personal loan from a bank or are we talking federal direct loans? I need more information before I can point you in the right direction.

    legalmommy101

    Answer by legalmommy101 at 2:49 PM on Jun. 29, 2009

  • Take out as few as you can manage. If you end up taking out loans to live on, you end up paying all that interest on those living expenses.
    riotgrrl

    Answer by riotgrrl at 2:57 PM on Jun. 29, 2009

  • google FAFSA and look into student loans where the government pays the interest while you are in school. Also check with financial aid dept at the college. Nurses make good money and the demand is high, especially if you are will to work with the elderly. You should also look up the difference between LPN, RN and BSN. I believe an RN only takes 3 yr, where the BSN is 4. Probably depends on the school of course. Good luck.
    Anonymous

    Answer by Anonymous at 3:11 PM on Jun. 29, 2009

  • Have you looked into scholarships? www.fastweb.com is the place to start, along with the financial aid office of the university you will be attending.
    rkoloms

    Answer by rkoloms at 4:16 PM on Jun. 29, 2009

  • Here's my honest opinion:
    I used to think there was "good" debt and "bad" debt. Makes sense right- you take out a loan, you go to school, you graduate, you get a better job, you pay off the loan- you're better off right? Well no- and here's why:

    *More than 50% of people that start college don't graduate. Some of them get into a career, some get pregnant, some flunk out, some simply can't handle it.
    *Student loans can't be waived away unless you die. Even bankruptcy won't get rid of them.
    *Now let's just say that you won't need to file for bankruptcy, and you are 100000% certain you will graduate. Well what happens when the economy is down and you can't find a job? Or the job doesn't pay enough? Then what? You're in the same boat, you have a degree, and now you've got student loans too.

    Bottom line is, college can give you a degree, it can give you training, but it can't give you a job.

    Be careful with student loans.
    Erica_Smerica

    Answer by Erica_Smerica at 8:32 PM on Jun. 29, 2009

  • You know what you can do though- talk to a hospital and ask them to help pay for you to go to school. You can also look up scholarships, pay cash, etc.
    Erica_Smerica

    Answer by Erica_Smerica at 8:35 PM on Jun. 29, 2009

  • some of you have asked a couple questions so here are some answers(im the poster.lol)

    the program im going for is a bashlors degree(4 year)

    i actually already work for a hospital and they will pay up to 3500 for a ft employee and it trickels down from there.if i worked part time(24 hr/week) they will pay 2000 which still wont be enough to pay for school.im going to call tomorrow to talk to the fin. advisor.

    i would be worried about the whole finding a job thing..but nurses are in high demand and i dont think that will ever change to be honest.but i have thought of that and its one of the things my mom has said.
    Anonymous

    Answer by Anonymous at 12:28 AM on Jun. 30, 2009

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