Nursing Student Loans

nursing student loansNursing was once considered a role that only women could fulfill, but these days more and more men are choosing this path as well. Now, according to an article produced by the Los Angeles Times, the percentage of male registered nurses stands at 9.6 percent. It’s a great job, with good benefits, so it’s no wonder people want to get involved.

Both men and women who enroll in nursing programs will find that their education is rigorous and time-consuming, and that it leaves few spare moments open for either socializing or work. With no money coming in and expenses adding up, a nursing student loan may be the only way the dream of becoming a nurse could become a reality.

Private Student Loans for Nursing Students

What are your financial aid options?When students begin investigating their student loan options, they’re often told to focus on loans that originate with the federal government. There’s good reason for nursing students to pay attention to this advice, as the loan forgiveness option mentioned above could allow some students to attend school and see their debts cancelled after graduation. However, there are times when the federal funds available don’t cover a nurse’s education debt, and sometimes, private loans are needed to fill the gap.

According to the Bureau of Labor Statistics, the mean annual wage for nurses is $69,000. This means that nurses can reasonably expect to land a job that would allow them to pay their bills, and pay back their loans without much struggle. They should, however, pay attention to the interest rate on their private loans and understand all of the fees involved with the development of that loan. This close scrutiny can ensure that loans for nursing students don’t result in crippling debt that they will never be able to pay.

These sorts of comparisons can seem difficult, but we can help. Our Student Loan Comparison tool can help you to find the loans you need, and we’ll highlight some features of those loans and allow you to make an informed decision, all in once place. It’s quick and easy, and we only need a few small pieces of information from you in order to get started. Click on the button now and we’ll begin.

 

Types of Student Loans