When you imagined your daughter graduating from nursing school, you did not expect that she would be able to do it debt free. Her first degree, which was a Bachelor of Arts in Biology, was completely paid for with an academic scholarship, but when she decided to go to school for one more year, no scholarship was available. In fact, the accelerated nursing program which would get her a Bachelor of Science in Nursing in 12 months, was actually three very expensive semesters. This meant, of course, that for the first time in her college career she would need to take out a long. With a plan to have to pay $400 a month for 10 years, she knew that she had less debt that most of her friends, but she was still stressed.
Fast forward to today, however, and she has signed with a small hospital in a small rural area that is agreeing to make her student loan payments for her, at a rate that will actually pay off the whole amount in five years.
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