What Nurses Who Recently Graduated Need to Know About Repaying Student Loan Debt

What Nurses Who Recently Graduated Need to Know About Repaying Student Loan Debt

All across the country, nurses are in demand, which makes it a very attractive career choice. However, the nursing field is very demanding, requiring specialized knowledge obtained from an advanced education. That can be a financial challenge for many nursing students, especially for those who choose the Bachelor of Science in Nursing path. Many new nurses are left with a mountain of student loan debt.

What Nurses Who Recently Graduated Need to Know About Repaying Student Loan Debt

The total cost of a college education and completion of a nurse practitioner (NP) program can exceed $100,000. So, it’s not surprising that the majority of NP program graduates are among the millions of who leave school with an average of $31,000 in debt.

Nurse practitioners can earn a good living, but with loan payments that approach 25% of their income, NP grads can easily become a part of the 40% of student borrowers who are in or near default.

Fortunately, the nursing profession is so revered that the federal government has created a number ways to ease the burden of student loan debt for student nurse graduates. While student nurses have access to the same range of federal loans and repayment options as any other student, they also have access to special loan programs and repayment plans designed specifically for students in the health care field.

Federal Loan Repayment Options

Nursing students, who attend a two- or four-year college in pursuit of a nursing degree, can apply for federal student loans. Continuar leyendo «What Nurses Who Recently Graduated Need to Know About Repaying Student Loan Debt»