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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Op is trying to move from LPN to RN, and college is being paid for by her employer.

That’s the best situation right now; focus on completing the degree which will open up opportunities for better paid employment.

She can focus on debt repayment once school is finished. [/quote]

I think that is a bad strategy because she would be raking up significant interest on her CC and other debts. Not sure what would be the salary difference, may be an extra $15/hr but she would add more in interest and unpaid principal for next 2-3 years in school. There is no good situation but a lot of posters noticed that paying off debt first would be ideal in her situation. [/quote]

In Pennsylvania, LPNs earn an average of $51,000 but RNs earn an average of $76,000 and have a lot more opportunities for advancement and earning extra $$.

$15 more PER HOUR adds up to a lot, especially if you factor in working extra shifts. Since her employer will pay for it, it makes far more sense to get this degree now versus paying off the debt at the rate OP has been paying it off ($2000 per year) which will take MANY years.

2 years in school versus 10 years to pay off her debt (at the rate she is going)?

[/quote]

but what about lost income from going to school and adding interest charge on the debt that she already has? It would be atleast 2 years if she goes full time to 3 years if she goes part-time and debt is going to add-up. Before going to school, she only reduced her debt $2K so I am expecting she is going to add on her debt once in school.[/quote]

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