Reader Question: I’m 45 years old and a single mom. I have a decent job, but I want to go back to school to become a nurse. The money would be much better than what I make now, but I’d have to take out student loans to make this happen. Is it worth the risk?
Is nursing a field worth pursuing, especially when it is something you love and would increase your income significant-ly? You bet! Nursing is a very honorable profession. Am I going to tell you to take out loans to make it happen? Absolutely not!
Save as much as you possibly can first — even if it’s just a little each month. Then, I want you to look into Pell Grants, traditional and non-traditional scholarships and what I call the “indentured servitude” program. There’s still something of a nurse shortage in this country, and there are hospitals and drug companies that will agree to pay your school bills if you go to work for them afterwards for a specific number of years.
Gaining knowledge and improving yourself and your career prospects are all good things. But stay away from student loan debt. It’s bad and unnecessary!