Among the professional fields out there that require student debt, you might be surprised to hear that nurse practitioners have some of the best debt to income ratios. Forgiveness options through the NHSC, NURSE Corps, and Public Service Loan Forgiveness allow NPs to not feel the full burden of what they borrowed. Nurse practitioners are in demand in the job market and incomes are reasonably high.
There are quite a few nurse practitioner loan repayment mistakes I see NPs making.
Three of the most common reasons NPs cost themselves thousands on their student loans are:
1) Not thinking about loan forgiveness when choosing a job
2) Choosing the wrong repayment plan
3) Not refinancing when you should
Below are 3 main student loan mistakes to avoid.
Mistake 1 Not Thinking About Loan Forgiveness When Selecting a Job
Mistake 2 Choosing the Wrong Repayment Plan for Your Career Goals as a Nurse Practitioner
Mistake 3 Not Refinancing Your Nurse Practitioner Loans When You Should
The Typical Nurse Practitioner Student Loan Mistake I See is $32,000
The nurse practitioner MSN and DNP degrees are one of few that usually makes sense economically.
There are specific cases where nurse practitioner loan repayment mistakes occur because math doesn’t add up. One example is with private schools that want to enroll older students later in their career.
Regardless of how much debt you have as a nurse practitioner, the most important thing is to get a plan. Don’t let the interest continue to grow without knowing what you’re doing with the debt.
Blog post with more info on this topic: www.studentloanplanner.com/nu...
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20 авг 2018
