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Old 03-15-2011, 09:40 AM  
El Jefe El Jefe is offline
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College/School Loans

Alright, who else has them, and how much do you owe. My fiance is going to have to take out loans for this semester and all of next year, and just for her school we will have at least 15k to pay back Now considering that total amount is for 4 years at a very Prestigious Nursing school in our area it's really not bad, but that's the amount even with her 3.9gpa and all her scholarships. Ideally we would like for her to work for a couple years, so hopefully we can pay them back in that time.

My school plans have had to once again be put on hold, oh well I guess, it's depressing how much school costs. I really would like to keep taking classes, but financially it just wont do currently. It's funny the kids who don't care about school get their parents to pay for it, and those who want to go to school cant pay for it. Yes I know there are student loans, currently I cannot get enough to cover my schooling and hers.
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Old 03-15-2011, 10:15 AM   #16
El Jefe El Jefe is offline
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Originally Posted by Iowanian View Post
If she's going to 4yr nursing school, there is no reason she can't get her RN at 2yrs and work while going to school.
Their platform doesn't really work like that. Now that being said you can work for the Hospital (the school is through) and get half your tuition paid. Currently she has been applying on every floor for the past year and still not had a shot. So she only has one more year left and she's done thankfully.
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Old 03-15-2011, 10:19 AM   #17
suds79 suds79 is offline
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0 for my wife and I. Feels pretty good.

We're on this zero debt kick and just have the house. Unfortunately, it'll be a long time before we can say that's gone.
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Old 03-15-2011, 10:21 AM   #18
Iowanian Iowanian is offline
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It sounds like a silly platform.


I know someone who got a cna in HS, worked in one of those jobs until she got her RN, worked as an RN through the completion of 4yr, and then as BSN through masters classes.

Maybe its' different there, but I can think of at least 5 cousins and 3 other direct relatives in some segment of a similar path to the above. Some didn't go beyond the RN though.

As long as the school is good enough to pass their boards, unless someone is going to try to be a nurse anesthetist or something higher.....where is the advantage to a "really good, expensive school" in that profession? Nurses are in high demand.


As for my loans, I think I was around $30k in the hole when I got out. I paid extra on the smallest loan, when it was paid off put all of that onto the 2nd smallest and so on. Paid off the 20 year notes in 9 doing that.
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Old 03-15-2011, 11:03 AM   #19
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Originally Posted by Iowanian View Post
If she's going to 4yr nursing school, there is no reason she can't get her RN at 2yrs and work while going to school.
She'd have to go to a different school.

If you go to a four year they won't give you an ADN after two years

She could sit for her LPN boards.
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Old 03-15-2011, 12:05 PM   #20
El Jefe El Jefe is offline
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Originally Posted by 'Hamas' Jenkins View Post
She'd have to go to a different school.

If you go to a four year they won't give you an ADN after two years

She could sit for her LPN boards.
Exactly right. At this point it's useless for her to sit for her LPN when she will graduate with her BSN in a year.
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Old 03-15-2011, 12:19 PM   #21
The Bad Guy The Bad Guy is offline
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Have about 18k and the wife has 15k. After my 5th year at a low-income school district, I'm eligible to get debt forgiveness on my loans.
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Old 03-15-2011, 12:26 PM   #22
'Hamas' Jenkins 'Hamas' Jenkins is offline
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That's a pretty awesome deal TBD. Good way to pay you back for service, and the system gets something out of it as well. Props.
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Old 03-15-2011, 12:34 PM   #23
Dunit35 Dunit35 is offline
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26k for 324 a month. I'll probably consolidate all of them but my private loan. Guess it depends on how long it takes me to get a career and how much I make
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Old 03-15-2011, 12:38 PM   #24
El Jefe El Jefe is offline
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Originally Posted by The Bad Guy View Post
Have about 18k and the wife has 15k. After my 5th year at a low-income school district, I'm eligible to get debt forgiveness on my loans.
Ok I am not going to ask you how much you make, but my cousin has her MBA and teaches high school Lit, and she makes about 30k at a low income high school in Seattle, just sad.
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Old 03-15-2011, 12:44 PM   #25
Lono Lono is offline
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Originally Posted by The Bad Guy View Post
Have about 18k and the wife has 15k. After my 5th year at a low-income school district, I'm eligible to get debt forgiveness on my loans.
This is only true if you teach, Math, Science, or Special Education. All other subjects is 5k i believe after 5.
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Old 03-15-2011, 12:46 PM   #26
El Jefe El Jefe is offline
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Originally Posted by Dunit35 View Post
26k for 324 a month. I'll probably consolidate all of them but my private loan. Guess it depends on how long it takes me to get a career and how much I make
Ouch.
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Old 03-15-2011, 12:48 PM   #27
Saul Good Saul Good is offline
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Ok I am not going to ask you how much you make, but my cousin has her MBA and teaches high school Lit, and she makes about 30k at a low income high school in Seattle, just sad.
My wife has the same deal, but she makes considerably more than that, and she doesn't have her Masters yet.
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Old 03-15-2011, 12:48 PM   #28
DaKCMan AP DaKCMan AP is offline
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$0 in loans ftw
This. Was able to get my BS/MS in EE without loans and glad I'm currently able to finance my MBA without any loans or dipping into savings.
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Old 03-15-2011, 01:16 PM   #29
Misplaced_Chiefs_Fan Misplaced_Chiefs_Fan is offline
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For two years undergrad and 1 year grad - $7500 in student loans

Army Loan Forgiveness Program - 4 year enlistment. (Plus automatic promotions for college degree).

I think it worked out pretty well.
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Old 03-15-2011, 01:19 PM   #30
Misplaced_Chiefs_Fan Misplaced_Chiefs_Fan is offline
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This is only true if you teach, Math, Science, or Special Education. All other subjects is 5k i believe after 5.
I think The Bad Guy is teaching in PA. The rules could be different than Missouri's.

Missouri is notoriously a cheap state when it comes to paying teachers. I was offered a full-time teaching position (teaching 4th Grade) at a mid-Missouri school. I joined the Army because an E-4 in 1984 made more a month than a teacher.

Sad, ain't it.
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