News: National News

Student loan woes put dreams on hold

Tuesday, May 7, 2013   (0 Comments)
Posted by: Melissa Moody
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April 14, 2013 (Today.com) She loves her job as a nurse and makes a pretty good living at it, but Karla Gourley’s dream is to become a nurse practitioner.

It’s a step up that Gourley figures would increase her current salary of $55,000 by as much as $30,000, while giving her more freedom to pursue the kind of health care work she loves.

She’s putting that dream on hold, for now.

 

 

 

Gourley, 36, is worried that interest rates on the subsidized Stafford loans that she had planned to rely on for her bachelor’s degree in nursing will double unless Congress intervenes. That would add to the already daunting cost of going back to school.

"I’m going to wait until they decide what they’re going to do,” said Gourley, who currently works with lung cancer patients at a hospital in Oklahoma City.

The news this week that interest rates on newly issued government-subsidized Stafford loans could rise to 6.8 percent, from 3.4 percent, is just the latest worry for many Americans who are already weighing the burden of debt against the expected payoff of a higher education.

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