How to Afford CRNA School | Everything you need to know about Grad School Loans
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- Опубликовано: 4 июл 2023
- The rundown of EVERYTHING to consider regarding grad school loans. From deciding if the cost is truly worth it, to understanding the loan options available, cost saving tips, and how to pay it all back. If CRNA school has crossed your mind for even a SECOND - you’ll want to write this down in your notes app, save this, and share it with your friends.
📽 VIDEO MENTIONED:
CRNA vs Travel Nurse Salary: • $$$$: Compare Travel N...
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Student Loan Calculator: www.calculator.net/student-lo...
Federal Student Loan Info: studentaid.gov/understand-aid...
Nurse Corps Loan Repayment Program: bhw.hrsa.gov/funding/apply-lo...
Public Service Loan Forgiveness: studentaid.gov/manage-loans/f...
Nerd Wallet Grad School Loans: www.nerdwallet.com/best/loans...
Nerd Wallet Refinance Roundup: www.nerdwallet.com/refinancin...
Join Juno: joinjuno.com/
CRNA Schools by Cost of Attendance: www.all-crna-schools.com/cost...
CRNA Scholarship Programs: www.collegescholarships.org/sc...
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As a future CRNA (starting May 2024) this video is extremely helpful in my planning stages. Thank you both so much for taking time to make this video! It is very helpful
so glad it was helpful!
In the final stretch of CRNA school and I cannot stress this enough; If you are single, save up as much as humanly possible prior to starting. Loans have really only supplied me around 30-35k / year to live off of which has been absolutely brutal, especially considering our program sends us out of city/state and we must supply our own housing.
if you are able to save you absolutely should 💸
Your logic is good. One thing you could also include is the fact that both salaries would likely increase by about 3% per year so the difference between RN & CRNA gets wider with time because 3% of the CRNA salary is more than double 3% of RN salary. Also, Dave Ramsey is a salesman, not a financial planner.
excellent points!
I took out student loans for my first degree. Then I graduated with a degree that made me no money. ZERO! So I had over $100,000 of debt with insufficient income to pay it back. It SCARES me to take out student loans again. What if, God forbid, I fail a course and get dismissed from school? What if that happens in my last semester??? I would have the debt of a CRNA program with no income to show for it and no way to pay it back. That is a SCARY prospect.
Great question! In CRNA school failing doesn’t mean automatic dismissal - you would go on academic probation and be given a chance to remediate. Occasionally you do hear of people getting dismissed but it’s after many chances and lots of help. Typically they will travel nurse after (locally or around the country) to pay it back. It comes down to how bad you want it and betting on yourself !
DON"T take other DEBT! Work , save and pay. Please , watch Ramsey Show , you will understand how to get out of debt.
There is also The VA HPSP. You have to get in, live in San Antonio and Memphis one year at each. You’re obligated to work for the VA but it works out. Pretty well for those wanting more flexibility for living and don’t want debt.
Thanks for sharing. Not everyone is going to want to work for the VA but this could be a good opportunity for people that do
I’m not even in the medical field, but this is an incredible video and there are so many valuable takeaways about ROI and opportunity cost that are applicable to people (like me) in other industries
so glad it was helpful!!
Definitely worth it -I’m on track focused. Blocking all distractions.
This is a great video!!!!!
LOVE that you ladies made this video 🙏🏽💯 I’ve had to navigate higher education all by myself (being “first-gen”) and the information you shared is excellent help. Thank you for not “gate keeping” and doing the math for us that want more out of life and want to invest in ourselves. Much love and appreciation. Please keep making videos ❤
So glad it helped! Navigating higher ed on our own was not easy for us either!
I love the numbers.
This video is so helpful. Can you divide your videos in parts? RUclips allows videos to have subsections, and that would make navigating information in the videos easier.
Went to Miami Dade nursing program $8k. UF online BSN $4k. Paid as I went. Debt free baby!!!!!
We the BEST 👌
love that! we always encourage nurses to look into options like this 🙂 such a great way to save
YES!!! Well done!!! You don't need debt to go to college .
Thank God for the VA! Yall better join the military 1st OR join afterwards or during if u can. Get it paid for. You’ll only have to serve like 5 years active duty which’ll be in a hospital working a regular shift.
I’m actually considering going to CRNA school in Puerto Rico because the tuition is really really cheap and I’m currently finishing my BSN in PR.
That’s a great option!
I am glad you are having this discussion and you mentioned about Bay Area Nurses.
I am a Nurse in the Bay Area earning $115/hour.
I am interested to go to CRNA School but i dont think I can afford to quit working and focus on studying.
I am single and no kids so all my expenses are carried solely by me.
I asked opinion of the people around me and most of them will say that why bother going back to school if i am earning well already.
Decision making is hard. But honestly i still have this desire to become a CRNA.
continue to look into it. If you are unsure, shadow CRNAs and see if it's a role you would enjoy. Shadowing is the best way to see what the job is like. You never know it might be exactly what you want out of your career or you might walk away and be sure that you don't want that path
Do you have to use the loans for housing for example living with family? Do you have to take that out
I’ll only have about 20k in savings no credit card debt or other debt I’m sending it
Do you know of any students who have had to pause their schooling to care for a loved one and what support the school gives / what happens with their student loans already taken out while they take the time off? Can students get back into these programs or take a leave of absence if something like this came up?
yes this does happen on occasion- typically you can take a leave of absence if needed in extreme circumstances but will need school approval first- might be something to ask the program about before committing to enrolling
Mischaracterization of Dave Ramsey, the mindset is that it is ok to take out student loans to buy a degree that easily pays off the debt with high paying income. Overall great video and shows true costs and benefits associated. Well done!
we are not really big fans as you can tell. Some people would never have the chance to go to school by his logic
Do you know of any RNs who went back to CRNA school after 50 yers old?
Thank you for breaking this down, so how many years does it take to be a CRNA and does it come with a doctorate ( Dr.) title just like Doctor of nurse practitioner?
Four year nursing degree, plus a few years ICU experience, plus three year DNP. Yes it is a doctorate
Hey guys, amazing content. I wanted to clarify something. Did I misinterpret what you guys mentioned or are you able to qualify for grad school loans/stipends that a student can use to pay for basic life outside of school given it is very likely one can’t work during crna school. That’s one concern I’ve had is wondering how to not work and attend crna school. Thank you so much :)
yes there are loans available to supplement cost of living via Grad Plus- although they are often not enough to cover 100% of expenses so we recommend doing the homework on how much you will get at your school and saving up a buffer to cover the difference (it ranges from 2.5k to 4k a month from what we have seen) re-listen to that section for more details
Dave Ramsey right
are we talking about 200k gross or net. All of this money doesn’t talk about taxes which plays a huge role. I make 175k as a weekend option nurse, working a ton and I’d be happy to see 100k of it.
Also, something to add. A lot of CRNA jobs have a sign on bonus.
You pay a 42% tax rate?! Not even california taxes that much. You really don't know where your money goes to.
The average undergrad off campus cost of attendence at the university in my town is $29,210.00, and the estimated aid from fafsa stud aid. Gov for me is $16,895.00. Since I don't qualify for Sallie Mae ,Perkins , or any other loans it means I will have go work 30 to 50 hours a week while attending.
If you’re still in undergrad, check out some community college ADN nursing programs. A fraction of the price and you become a nurse sooner :-)
Then you can use the hospitals continuing education allowance to pay for the rest of your BSN
I loved this video ! ❤
Thank you so much for the information
Just a quick comment: when the red lady roll the eyes up 👀 every time the camera focus her face , is very very very stressful 😥 😢
Ooop 📝📝📝
What CRNA schools are in Colorado and what is the estimated cost? Thank you!
you can find all this information on all-crna-schools.com as well as COACRNA.org
Anyone have any device for someone who has DACA and cannot apply for FAFSA?
DACA recipients with a SSN can apply for fasfa - start with reading this:
studentaid.gov/apply-for-aid/fafsa/filling-out/undocumented-students
Students without a SSN or students from other countries will need private funding. Look for CRNA schools with low tuition cost and look into private student loan options (non federal programs). You can look for low cost programs by checking out all-crna-schools.com
I have a lot of debt to consider going into CRNA but I’m trying to. Well now that I’m married with 2 kids. What advice could you give a pre SRNA individual? Thank you.
What will benefit your family most and offer them the greatest stability in the long run? Financially + lifestyle. That is the lens I would look at it through!
PLEASE , don't get a loan!!! Watch Ramsey show to see how to reoganize your finance.
Can I apply to CRNA school wile i'm doing travel nursing? or do i have to go back to staff, wait for a year and apply?
you can apply now but your travel experience should include high acuity ICU assignments where you get to take complex patients
Also, does a CRNA gets to work independently or you have to work with a MD (anesthesiologist)?
That’s a great question - check out the “what kind of cases do CRNAs do” epsiode- it answers more it in depth. But short answer, yes you can work independently but may also work in a team
I’m 50 this year and trying to get into the CRNA school… can I do the program part time?
Does the 200k include cost of living? I feel like with cost of living for 3 years you'll get close to 300k
depends on the program. CRNA schools can range from 30k to 250k before cost of living.
The fact we are charged such high interest for education in this country is sad. Do you think over 45 is too late for CRNA school??? I still have 25 years left of work hopefully.
It is sad! But no I have friends who went back in their 40s ;-)
i was literally just watching dave ramsey and came to see what you thought about the matter of loans. he has a very bottom line type of attitude which i don't believe to be the right way to do things. life situations are more complicated than the black and white thinking he has. which is understandable considering his past trauma with going broke after being a millionaire at a young age. there are many ways to make money in this life time.
it worked for me.. RAMSEY baby steps and don't waste the money that YOU done have.
Can you run the numbers for someone in their late 40s taking out those loans 😅
still pays for itself we promise ! plus the intangible of enjoying your career 🙂
DON'T do it!!! if you are 40 years olds , you should have an income...work around that. Ramsey Show will teach you.
My husband is currently in the application process for crna and we are considering both doing crna school at the same time instead of me waiting for him to graduate to start. We have 4 children, so that is the concern with us both being in school at the same time, does anyone know should we stagger the programs or just go in together?
You are both CRAZY 🤪 4 kids and crna school CRAZY 🤪
@@michaelnewman3208 how else do you think we’re gonna afford these kids in this economy lol
I have monthly home mortgage of 5.6k to pay.
But I have a passion to become CRNA since 10 years back. Now I’m 47 yes old.
Is there any hope for me
Do you really need someone to tell you if there’s hope? You either do it or you don’t.
there’s hope
There is always hope, but it will require being realistic about running numbers for cost of living and making temporary lifestyle changes and sacrifices to do it (could that look like renting out your home while you temporarily live near a cheaper program? renting out a room in your home while attending a local program? saving up a big lump sum of money to float the bills while you attend school?) Only you can decide what it's worth to you!
If you a mortgage of 5.6k a month then that’s $60k a year…if you’re qualified pull the equity out and pay for school ..but your issue sounds a bit more complex bc I wouldn’t be asking people about hope 🤷🏾♀️
What if you only have one school.in your entire state lmao
NO LOANS!!!! Work and save..get the cheapest school , NO out of state. Americans are in DEBT. DON'T TAKE A LOAN!!! RAMSEY SHOW..Learn how to save.
Agree to disagree 😉
UM crna program here in Miami is $114k
Doesn’t fort Myers have a crna school 🤷🏾♀️😊