it's the way that i owe $14k in loans because i went to a private school.. i graduate in the fall of 2026. i feel like these loans are going to eat me alive. before you ask, i am paying little by little and i do work. however, i can't work full time as im still in school and the clinic i work at is having budget cuts. so i wont be getting my yearly raise. i make $18.47 an hour, i work as little as 8 hrs (that's what they put me on the scholar for, not what i ask) to 32hrs a week.
because i graduate this fall i only have 6 months grace period to pay off the loan before it start occurring interest.
i am currently looking for another job but that would mean i would have to leave this job. which is bad because once i go to nursing school, having this connection of a job would be easier to get hired as a nurse. i also plan on applying to nursing school this december and hopefully getting in for the fall of 2027. it's the accelerated program, which means if i work full time it'll only be until august of 2027. which is a little more then a year, but i would also need to make more then $18.47.
moral of the story is, im stressing
Posted by fruiteacup
5 Comments
I’m sorry you’re struggling with the idea of these loans. That’s valid and in a way, it’s kind of reassuring that you’re concerned with the loans and being financially responsible.
Are these federal or private loans?
The truth here is that if you intend to pursue nursing, you’re likely going to take out more loans. And if you’re in an accelerated program, you’ll have less time to work.
So if they are federal loans, your best bet is probably to enroll in a repayment plan. Your choices will be IBR and RAP. RAP might work better for you because your payment can be as low as $10/mo and it will subsidize the interest on your loans meaning it won’t grow higher than it is now. This may help you so you can get through the nursing program and then you can work toward laying off all the loans once you are employed as a nurse.
I also don’t think you will need to rely on connections to get a job as a nurse. The credential itself is enough and if you leave your current job you may still be able to use them as a resource later to find work if you leave on good terms.
Are these federal student loans? If so, you will have access to an income driven repayment plan.
Are you missing a 0 there? 14k is fine. Graduate, seek career appropriate employment, you’ll be fine.
Sorry, I might be misunderstanding, but you know you don’t have to have them totally paid off before they start accruing interest, right? Like interest rates are bullshit and if you can avoid interest that’s great, but 14k in loans should be reasonably re-payable even once your grace period ends, especially if you can get on an income-driven repayment plan
Are these federal or private loans? Either way, $14k is nowhere near an insurmountable amount of student loan debt—in fact, it’s on the lower end by far. If you plan on going to nursing school, you have a strong career path ahead of you, and nurses are paid well. You’ll be just fine.