1) Take out Gov Loans Beware the Interest Rate You will be taking money out of Gov loans for living expenses as well 2) Save Money Before School Create A Budget, Act Your Wage 3) Military Paying for Debt Military controls your life Make very little as a Military CRNA Beware of Sign-On Bonuses Don't Bother Working While in School
@@Nhxn_not true at all. That is a TON of debt and it accrues interest. It’s not easy to pay off that much debt just bc you make above the median family income. Especially when you aren’t living at home w mommy and daddy and if you have a family. Be realistic.
@traceyevans2757 By signing a contract you are bounded by their conditions. And they're sneaky. Not only that but you're actually losing out on more money. Within a year of experience you open up more opportunities for a higher salary. But instead you're stuck in the same hospital, often for longer than 2 years. And if you don't meet their requirements you won't get that loan reimbursement, not to mention, no hospital will actually pay for all your loans, only a percentage of it, usually very small.
TONS of great info Doctor!!!! As usual, well thought out and presented video.........HAPPY THANKSGIVING! HOPE YOU ARE NOT WORKING AND SPEND TIME WITH YOUR GAL!!!!!
The military using HPSP with bonuses you will make about the average of what new CRNA makes on the civilian side. There are also other government programs such as USPHS and IHS that will pay for school. Every choice has its pros and cons.
My school set a cost of attendance and this was the maximum we could take out. All together we can only take out $23,000 per year. That’s including maximum grad plus loans. I had always heard schools would hand out large loans and was a little shocked at the small sum we were offered. Luckily I have a partner that makes good money or else I wouldn’t have been able to pay for school and live. Save as much as you can before school. Travel nurse while crisis pay is high
That's surprising, I've not heard of that happening before. Private loans are always an option too. My third year I didn't take any school loans out and just did what my bank called their "med school/healthcare professionals" loan. It had a better interest rate.
@@BoltCRNA I was approved for private loans, however the schools still have to verify loans and mine were denied by my school because my cost of attendance was already covered. A lot of the “med school” loans are no longer available. I believe it is due to COVID-19
Ive heard mixed things.. Can apply to CRNA school as a travel nurse? They said you can as long as you develop good rapport with the nurses and manager in a short period of time coz then you can ask a letter of recommendation from them.. Is that true?
@@charleneconstantino1618 I think that depends on the program in particular you are applying to. As each individual program sets that specific criterion. I haven’t seen anything specific to travel nursing. Only that there must be a minimum of 1 year critical care experience such in an ICU. The AANA, sets the criteria for the national level for their accredited programs, issued by the COACRNA in the USA. However, individual programs can require more experience such as 2 years minimum experience in critical care in an ICU. So, as a travel nurse you must be an ICU travel nurse, all other positions such as emergency department or just MEDSURG nursing isn’t considered “critical care” for all accredited programs. Hope that helps. July 2020 current list of COACRNA accredited programs. -Must be certified to get AANA membership & must employers only take COACRNA accredited-program graduates. www.coacrna.org/wp-content/uploads/2020/07/July-2020-LOAP-1.pdf This doesn’t have hyperlinks but is up to date and sometimes the program school search on their website takes a while to update. Plus as of February 2020 there will no longer be masters level programs for Nurse Anesthesia. Now all programs must be currently a doctorate program.
I hate when people don’t use the correct words, fbi stands for federal bureau of investigation, ttr mmt crc just what is tje crna, i must google it, just say the word.
@@BoltCRNA have you posted about paying for your ADN & BSN/just BSN still while trying to either save up or make payments on those loans and just apply to CRNA school since you can’t really save up while trying to pay for those undergraduate loans.
1) Take out Gov Loans
Beware the Interest Rate
You will be taking money out of Gov loans for living expenses as well
2) Save Money Before School
Create A Budget, Act Your Wage
3) Military Paying for Debt
Military controls your life
Make very little as a Military CRNA
Beware of Sign-On Bonuses
Don't Bother Working While in School
Thankyou for making this video!
What about signing a contract once I become a CRNA to work for a hospital that would pay my loans. Have anyone done that?
considering you're going to be making tons of money as a CRNA I feel like it's redundant to be locked into a contract just for debt relief.
@@Nhxn_not true at all. That is a TON of debt and it accrues interest. It’s not easy to pay off that much debt just bc you make above the median family income. Especially when you aren’t living at home w mommy and daddy and if you have a family. Be realistic.
@traceyevans2757 By signing a contract you are bounded by their conditions. And they're sneaky. Not only that but you're actually losing out on more money. Within a year of experience you open up more opportunities for a higher salary. But instead you're stuck in the same hospital, often for longer than 2 years. And if you don't meet their requirements you won't get that loan reimbursement, not to mention, no hospital will actually pay for all your loans, only a percentage of it, usually very small.
Im trying to find a facility that is parnered with the University that offers crna school to possibly get a fiscount on tuition.
TONS of great info Doctor!!!! As usual, well thought out and presented video.........HAPPY THANKSGIVING! HOPE YOU ARE NOT WORKING AND SPEND TIME WITH YOUR GAL!!!!!
Thank you and you have a great holiday as well!
The military using HPSP with bonuses you will make about the average of what new CRNA makes on the civilian side. There are also other government programs such as USPHS and IHS that will pay for school. Every choice has its pros and cons.
Great points! That's ultimately why I didn't go that path.
My school set a cost of attendance and this was the maximum we could take out. All together we can only take out $23,000 per year. That’s including maximum grad plus loans. I had always heard schools would hand out large loans and was a little shocked at the small sum we were offered. Luckily I have a partner that makes good money or else I wouldn’t have been able to pay for school and live.
Save as much as you can before school. Travel nurse while crisis pay is high
That's surprising, I've not heard of that happening before. Private loans are always an option too. My third year I didn't take any school loans out and just did what my bank called their "med school/healthcare professionals" loan. It had a better interest rate.
@@BoltCRNA
I was approved for private loans, however the schools still have to verify loans and mine were denied by my school because my cost of attendance was already covered. A lot of the “med school” loans are no longer available. I believe it is due to COVID-19
Ive heard mixed things.. Can apply to CRNA school as a travel nurse? They said you can as long as you develop good rapport with the nurses and manager in a short period of time coz then you can ask a letter of recommendation from them.. Is that true?
@@charleneconstantino1618 I think that depends on the program in particular you are applying to. As each individual program sets that specific criterion. I haven’t seen anything specific to travel nursing. Only that there must be a minimum of 1 year critical care experience such in an ICU. The AANA, sets the criteria for the national level for their accredited programs, issued by the COACRNA in the USA. However, individual programs can require more experience such as 2 years minimum experience in critical care in an ICU. So, as a travel nurse you must be an ICU travel nurse, all other positions such as emergency department or just MEDSURG nursing isn’t considered “critical care” for all accredited programs. Hope that helps.
July 2020 current list of COACRNA accredited programs. -Must be certified to get AANA membership & must employers only take COACRNA accredited-program graduates.
www.coacrna.org/wp-content/uploads/2020/07/July-2020-LOAP-1.pdf
This doesn’t have hyperlinks but is up to date and sometimes the program school search on their website takes a while to update. Plus as of February 2020 there will no longer be masters level programs for Nurse Anesthesia. Now all programs must be currently a doctorate program.
What program/school are you in that is only letting you take out cost of attendance loans?
This was a great discussion!
Thank you always for sharing these really helful info and your experience
My pleasure!
Thank you for this video! Valuable information 👏
Glad you enjoyed it!
How does this change now with the doctorate degree requirement change (2022)
Hey Jason,
For the interest rate of 6.5 to 8% you mentioned, is this nation-wide or is it based on what state your CRNA program is?
Those are government set rates for all graduate loans.
Thank you!
Considering how much debt has to be taken on and how long it takes to pay it off, is it even worth it to pursue CRNA school at 45 years old?
Absolutely. You’ve got 20+ years you can work as a CRNA
Great video! Tons of helpful info!
Glad it was helpful!
Thank you sooo much sir for sharing soo valuable video 🥰🥰❤
Thanks for the great information!
How much money did you save before starting CRNA school?
I had about $64,000 in a savings account. I thought that was a lot back then. Drop in the bucket.
@@BoltCRNA how much do we need to save for a CRNA school?
Can you decline a sign-on bonus so you aren’t stuck in a position you aren’t happy with?
Yes, that would be a wise choice.
Hey can you post your membership website for mock interview ?
Thank you
It's this website. Over on my youtube channels homepage.
I hate when people don’t use the correct words, fbi stands for federal bureau of investigation, ttr mmt crc just what is tje crna, i must google it, just say the word.
Haven't you posted this video before?
Not this exact video but I’m sure I’ve discussed this topic in some form before. It’s something people frequently request I talk about.
@@BoltCRNA great video though, I have 120k saved up and I'm applying next cycle
@@BoltCRNA have you posted about paying for your ADN & BSN/just BSN
still while trying to either save up or make payments on those loans and just apply to CRNA school since you can’t really save up while trying to pay for those undergraduate loans.
11:26 🤣🤣🤣🤣
Are there any scholarships for CRNA school?:)
I'm sure there are some, I never found any significant ones.