Student Loans

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?

dave_ramsey 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!

Dave Ramsey

Dave is the author of The New York Times best-selling book Financial Peace. He is also the host of the nationally syndicated The Dave Ramsey Show, and is a regular guest on television. All of his financial counseling is based on biblical truths. You can hear Dave from 9 a.m. to 11 a.m., weekdays online at Send your questions He resides with his wife Sharon and their three children, Denise, Rachel, and Daniel, in Nashville, Tennessee.