Nursing Student Loan Debt: A Secondary Analysis of the National Student Nurses' Association Annual Survey of New Graduates


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Abstract

EXECUTIVE SUMMARYThe purpose of this study is to describe nursing student loan debt and financial choices from a secondary analysis of the National Student Nurses Association Annual New Graduate Survey.The findings in the secondary analysis show loan debt incurred by nursing students comparable to loan debt reported recently for all new college graduates in general. However, comparing types of programs and types of schools yielded clear variations.More than one-third of new graduates who reported having loans to repay were unemployed; more than one-quarter of those who worked part-time and one-quarter of those who worked full-time to finance their education were unemployed; and almost one-third of students whose parents had paid for their education were unemployed.New graduates from for-profit schools were more likely to report they had accumulated high debt to pay for school than all new graduates combined.Nursing students enter the job market with substantial financial debt that may impact their future.Educators and policymakers need to address these growing concerns to sustain a healthy supply of nurses.

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