I graduated in May 2007 and I am starting to repay student loans... and they are ALOT! 600+ a month. I work in pittsburgh, PA and i was wondering if anyone knows of any organization or any kind of help to decrease my student loans? i know that there are sign on bonus, which i got but 4000 dollars doesnt go very far! or do you know if any hospital is willing to help pay a percentage of a loan in return for your service for 2-5yrs?
i would appreciate any information!
thanks
Amanda
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January 18th, 2009 at 11:21 pm
Wow how much did you borrow?
Well there is something called NELRP its a gov program to help with loans (nurse education loan repayment program) it is based on debt to income ratio- you would be a good candidate
January 19th, 2009 at 1:12 pm
well i went to a private school for 4 years at about 25000/yr and they were just getting their accreditation for ASN in nursing and they messed up my classes. so i was behind 2 years but i did alot of my BSN classes so that’s why I owe so much! If i only knew what i know now… it was not a smart move on my part, but i was young 18 at the time and i wanted to go to REAL college. very dumb. but thank you so much for your help, I REALLYYYYY appreciate it!
January 20th, 2009 at 4:19 pm
wow ! Good look- everything will work out in the end!
January 22nd, 2009 at 6:27 pm
I’m in almost the same boat. Are you having a very difficult time? I don’t graduate until 2010,is it feasible to pay back on a nurses salary?
You can have solace knowing that you’re not the only one.
January 23rd, 2009 at 10:18 am
You can pay that amount if you are living with someone or at home. I live with my fiance so our bills are split in half. plus RN’s get paid differently in different states due to cost of living changes. It is doable but i have to be careful with what i spend. its hard to do sometimes. it gets overwhelming. i worked really hard for this degree and sometime it just sucks that i can’t enjoy the money i earn. but it was my fault! so i can’t complain. Just save save save!!!! it helps and if you can in any way right now start repaying now!
it will help trust me!
January 24th, 2009 at 9:58 am
Have you tried contacting your lender? Many have income-sensitive repayment plans, and are willing to work with you to ensure they get their money back!
Good luck
January 24th, 2009 at 10:05 am
I don’t know how it is where you are, but Texas has a government program called the “nurse loan repayment program”. It has qualifications, such as working at a non-profit hospital, indiginent care hospital, indian reservation, VA hospital, etc…
i haven’t looked into it 100% like how much they pay back, but I do know you have to have signed a contract with your hospital for 2 years or more.
Might want to look into something like that
January 24th, 2009 at 10:31 am
Hi Amanda,
I am in the same situation as you. I attended a private college with the same tuition that you had. It felt like you were telling my story. Don’t feel you made a bad decision. It’s merely the difference between state and private colleges. With state colleges having much lower tuition, there is often a long waiting list to get into the program. At least that was my experience. I could have waitied a year or two to get called for a spot or I could have gone to private college.
With that said, I too was looking for ways to get assistance with reducing my loans. I don’t know what state you live in but what I did was put “nursing tuition forgiveness” in my search engine an I found that there were many tuition forgiveness proograms with different requirements to qualify. Maybe you can find them near you too. Good luck to you!
January 31st, 2009 at 10:15 am
I too am in that situation and am having a VERY difficult time. I am divorced with 2 kids and so I had to take out additional loans just to suuport my children while I was in school. My loans are about 800.00 a month and I am having to borrow from peter to pay paul so I am right there with you. Good luck to you.
Michelle, RN