Pursue Nursing Another Way

Susan is 45 and interested in going back to school. Is this a financial risk worth taking? Dave agrees that it is, but she needs to pursue all of the various avenues to become a nurse.

QUESTION: Susan in Buffalo is 45 and interested in going back to school. Financially, she thinks it would improve her situation. She’s a single mom and would make more money in nursing. Is this a financial risk worth taking? Dave agrees that it is, but she needs to pursue all of the various avenues to become a nurse.

ANSWER: No, I’m not going to tell you to go into debt to do it, but I am going to tell you it’s a dream worth pursuing. What you need to do is to pursue all the different avenues that are out there to single moms. Besides that, in most areas, there’s a shortage of nurses. You can probably find a hospital that might put you on the indentured servant plan, which is you agree to work there for two years or something after you graduate, and they agree to pay for your bills. Talk to drug companies. Talk to hospitals. Find a way to do this, but get somebody to pay for it. Don’t go into debt again and then not graduate, and then you’ve got the debt hanging around your neck. We’re not going there. Student loan debt is a bad, bad debt. It’s one to stay away from. Getting knowledge is a good thing. There are ways to do it. You’re pretty resourceful. You’ll find them when you start really turning over the rocks and looking for them.

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