Advice on nursing school please?

I am starting graduate nursing school in january at DePaul in Chicago. My financial aid just came in and it goes by quarter system. The financial package show grad plus loan of 36,000 for both winter and spring quarter. I have a total of 7 quarter. So I have 36,000 x7. I calculated the interest rate and everything after I graduate. I will have to pay off all my loans in 120 months with 1,100 each month which add up to about 140,000. I am not sure if I should go for it. I really want to be a nurse and this program will get a generalist nursing master degree. I really want to be a nurse but am not sure if this is a right road for me to take. Please give some advice.

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4 Responses to Advice on nursing school please?

  1. Rotorwings says:

    That’s ridiculous. Surely you can find a cheaper program.

  2. Tolstoyevsky says:

    Nope, if you want to be a floor nurse, you don’t want the MSN.

    Sign on bonuses? For inexperienced nurses? For the past couple years, first-time nursing job seekers have been on unemplyment for up to a year or longer, unable to pay college loans. And now in cities like Indianapolis, the nursing lay-offs have hit.

    The nursing shortage was largely a creation of the media; now we’ve got a glut.

    Sign on bonuess for new nurses my a$$.

  3. Danielle D says:

    There are probably at least 20 different, cheaper options for you in Chicago. You do NOT need a masters degree starting out. You don’t even really need a BSN. Find a good diploma/associates/BSN that is affordable and go there. You can find out which programs have the best NCLEX pass rates by Googling “NCLEX pass rates Illinois”. The higher the pass rates, the better the school. Many affordable programs have very good pass rates. Once you graduate, take your licensure exam and begin your career as a nurse, most hospitals will (1) give you a huge sign on bonus that will help defray the cost of your loans and (2) have educational benefits – sometimes up to $5000/yr to help you pursue further education in your field. Get the job you want and then let someone else pay for it!!

    Edit: I didn’t enter the field that long ago, and there was a $10,000 sign on bonus for new nurses with a 3 year commitment. The health system I just left also offered $5000/yr in tuition benefits. I’m sorry if your hospital is not offering these bonuses/benefits, but that doesn’t mean that there aren’t any that do. Just because you don’t like it, or didn’t experience it, doesn’t mean it doesn’t happen.

    Also, the main question here is about a masters degree, which you all seem to agree is overkill. Let’s not be ridiculously arguing over details.

    Second edit:
    Again, I am sorry if I misspoke or misled anyone re. bonuses. I know what was offered to me and sorry that you did not enjoy the same. However, the question about “do any your patients live?” is completely inappropriate. What do my comments about schooling and benefits have to do with my ability as a nurse? To turn this into a personal attack on my skill is rude and offensive. Enough.

  4. Rachel says:

    Wow that is a lot of money. So it sounds like since you are going to graduate school you already have a degree right? Since you want to be a nurse you need to get a degree in nursing. I don’t know if you know this or not but there are nursing programs for people like you who already have a degree.

    They are called 2nd degree nursing programs and are considered fast-track programs. It will take half the time to become a nurse. It is fast and cheaper than what you are trying to do. Also, I really don’t know if you can practice as a nurse with just a generalist master nursing degree.

    Below is a great article explaining the second degree nursing programs: