Loan Repayment Program for Nursing Education: Read Carefully
As the baby boomer generation reaches retirement, the health care industry is expected to grow considerably over the next two decades to take care of the largest population group. This means expanded opportunities for those who enter the health profession, in particular nurses.
Today, the nursing profession is enjoying a considerable amount of growth, but more will be needed to fulfill the heath care needs of retirees for several decades to come. While many are currently entering the profession as Licensed Practical Nurses (LPN), which generally requires two years of college education or specific training school, there are advantages to continuing the education to become Registered Nurses (RN) or Nurse Anesthetist.
The Advantages of Continuing the Nursing Education
There are numerous advantages to continuing your education past the LPN stage towards getting a four-year or bachelor’s degree which is a requirement for RNs and Nurse Anesthetists.
Salary: Overall, RNs and Nurse Anesthetists are paid at a considerably higher rater than LPNs, enjoying a salary that is often $10,000 to $30,000 or more annually. The financial dividends are certainly considerable when advancing the education process.
Opportunities: As great a demands as there is for LPNs, RNs and Nurse Anesthetists are in even higher demand across the country. This is because RNs have more education to adapt to different needs depending on their specialty while Nurse Anesthetists have a very in-demand skill needed as well.
Advancement: The greater education means that RNs for example can emphasize a particular field or go into administration while the Nurse Anesthetist will gain considerably in salary based on their experience. In addition, both fields allow for upward movement either within the organization where they have been hired or by qualifying for new job opportunities in other facilities.
Although similar in the years needed to obtain a degree, a Nurse Anesthetist is a specialized branch of the nursing profession while RNs can specialize in a number of different fields. Each however has its unique advantages depending on the interest of the student into which particular field they want to emphasize for their nursing career.
Getting a Loan for Your Educational Needs
For those who choose to enhance their education in pursuing an RN or Nurse Anesthetist field, getting a loan to pay for your schooling actually becomes easier. This is because there are many loan programs set up to pay for nursing education that extends to getting a four year degree.
Plus, you can take advantage of a loan repayment program to help curb the costs of paying back your loan in the early years so you can keep more of your money. There are several loan repayment program and even loan forgiveness programs available that will reduce the amount you pay per month or even owe when it comes to your schooling.
Those who have decided upon the nursing profession can advance their education to include a four year degree and get access to important loans as well as a loan repayment program that is designed to fit their particular needs.