Paying for my girlfriends nursing program

[Caecus Veritas]

yes.. give her the money..... :evil:

ok.. had to get that out..

what about a notorized note? as long as you "carefully" explain the situation and state that you're willing to 'loan' her the money (it would become a moot point if you married her), you'd be secured and she can go to school. if she dumps you, you can, at your will, sue her for it. but if it works out well later on, you can tear up the note... food for thought.

EDIT: eep. spelling error..

 

[Duddy]

Originally posted by: Bryophyte
BTW, if you have $400 a month 'extra', you should be saving it. One day you'll need it for a downpayment on a house, or a car, or for retirement.

I know! I wanted to put aside at least $100 a month into a Roth IRA for my retirement.

 

[Looney]

Originally posted by: JS80
Shens. $4000 investment does not produce $83k per year.

Nursing is so hot right now, they can in the right market.

 

[Bryan]

No, unless you get a notorized document stating repayment plan and interest in the event of slow/non-payment. Think with the right head, dude.

 

[MotionMan]

TTIUWOP (Not really, but I want to see a picture of a 19 year-old nursing student-to-be, don't you?)

MotionMan

 

[Bryophyte]

Originally posted by: Duddy

Originally posted by: Bryophyte
BTW, if you have $400 a month 'extra', you should be saving it. One day you'll need it for a downpayment on a house, or a car, or for retirement.

I know! I wanted to put aside at least $100 a month into a Roth IRA for my retirement.

If she is pressuring you to pay for her education, that's not acceptible. She shouldn't ask at all.

Edit: I never, ever asked a boyfriend for money, no matter how long we had been dating. I don't know why someone would think that's ok to do.

 

[KK]

LVN's make 30-40 dollars an hour? She needs to get the RN. And no, don't pay for it. In fact, dump her. Any b1tch that wants to mooch(sp?) is not one to be with. I mean she could get a part time job and pay her own damn way.

 

[Jeff7]

Originally posted by: Tuktuk
No. No. No. No. No. No. No. Did I mention, NO!!!!?!?!

Horrible idea. The only justifiable reason to pay for a girl's school is if its your wife and you've been together for years, sharing financial obligations. You should not save up all of your money to pay for her education. Dear god man, DO NOT DO IT!!!

There are plenty of other options available to her. Just how financially dependent is she on your right now? That itself is a bad sign.

Who brought up the idea of you paying? Her or you?

I'd also like to know this.

That's a young age to be committing to this kind of thing. Been together 2 years or not, people can still change considerably during this time in their lives. Hell, they can even change later in life. You might think right now that you could be together forever, but things can come up that will change that, things you can't forsee.

I too suggest that she look after her own finances right now. See if she can get grants or subsidized student loans. Grants don't need to be paid back, and the government pays the interest on the student loans while the student is in college. After a grace period, which depends on the specific loan, then the student needs to start making payments. And if at that time it turns out that the student loan's interest rate is higher than that of a bank loan, it may be possible to refinance to get a lower rate.

Originally posted by: KK
LVN's make 30-40 dollars an hour? She needs to get the RN. And no, don't pay for it. In fact, dump her. Any b1tch that wants to mooch(sp?) is not one to be with. I mean she could get a part time job and pay her own damn way.

RN's can make a lot of money. My mom worked part time as an RN and made just about as much as my dad made working at an office job. As I understand it, that was after a 2 year nursing program she took when she was in her early 20's. I figure that there is a bit more schooling later; I know she had to attend seminars occasionally.

 

[Tuktuk]

OP, is she pressuring you? If so, is she asking for a loan or for payment? How do you support her now?

It seems the answers to those questions might be she is asking for payment and she is already mooching heavily right now. If so dump her.

 

[jjones]

Bad idea all around. She's just a girlfriend, not your wife. If you were semi-welloff and had 4 grand to spare, then what the hell, it's only money. But you're not and 4 g's is a lot for someone of your income. Yeah, you love her and want to help, but someone in your shoes should be in more of a committed relationship for this kind of help than just being bf and gf.

 

[0roo0roo]

i don't think so, that makes the relationship about dependence not love. thats something you do for your spouse. take it off the table as an interest free loan using a written contract. you may not be together that long either, this is protection against hard feelings.

 

[skywhr]

she should try for grants and get a student loan for the rest then maybe help her out. Offer to pay the payments until she finishes or whatever?

 

[KK]

Originally posted by: Jeff7

Originally posted by: KK
LVN's make 30-40 dollars an hour? She needs to get the RN. And no, don't pay for it. In fact, dump her. Any b1tch that wants to mooch(sp?) is not one to be with. I mean she could get a part time job and pay her own damn way.

RN's can make a lot of money. My mom worked part time as an RN and made just about as much as my dad made working at an office job. As I understand it, that was after a 2 year nursing program she took when she was in her early 20's. I figure that there is a bit more schooling later; I know she had to attend seminars occasionally.

yeah, I think anything below an RN is pretty sh1tty pay. RN's make good money for 2 years of schooling.

 

[JS80]

Originally posted by: Looney

Originally posted by: JS80
Shens. $4000 investment does not produce $83k per year.

Nursing is so hot right now, they can in the right market.

I have 2 aunts who are nurses. They spent way more than $4k in their total education before they became RNs. And yes, it's a hot field and they make bank.

 

[GuitarDaddy]

Wow! Tough situation! That's like almost half of what you make.

If you really like the girl here is what I'd do:

Tell her that you want to help as much as your can, but completely explain the finacial hardships it will cause for you.
If you feel that she should contribute, tell her, be honest. Set the ground rules up front 50/50 whatever, just make sure you get an agreement
Also discuss the status of this support should you break up (If you expect her to pay you back in the case of a breakup)
This will likely be a difficult discussion, but very necessary. I've seen several relationships end badly over similar circumstances, and the more you formalize it up front the less problems latter

And start saving just to see if you can do it, it will never hurt you to save regardless if you end up spending the money on her education or not

 

[ghostman]

Originally posted by: JS80
Shens. $4000 investment does not produce $83k per year.

You're right, it doesn't. A licensed vocational nurse (or licensed practical nurse) is not a registered nurse. A registered nurse is a 4-year degree program and has a salary of about $65K. A licensed vocational/practical nurse makes on average $35K to $40K. If you're about to drop $4000 on an investment, you better learn how to do your research.

PayScale.com
Salary.com

 

[AmerDoux]

you can always opt for the middle ground. tell her you will help pay for her to get her CNA certificate (6 week course?) and then she can support herself and her future education

but if it were me, i wouldnt do it

 

[Caecus Veritas]

Originally posted by: Bryan
No, unless you get a notorized document stating repayment plan and interest in the event of slow/non-payment. Think with the right head, dude.

um.. not sure why you're so negative or what you're trying to point out - but what do you think a 'note' commonly refers to in the financial world?

 

[KK]

Originally posted by: ghostman

Originally posted by: JS80
Shens. $4000 investment does not produce $83k per year.

You're right, it doesn't. A licensed vocational nurse (or licensed practical nurse) is not a registered nurse. A registered nurse is a 4-year degree program and has a salary of about $65K. A licensed vocational/practical nurse makes on average $35K to $40K. If you're about to drop $4000 on an investment, you better learn how to do your research.

PayScale.com
Salary.com

RN is only 2 years, four years and you have a bachelors in nursing

 

[OVerLoRDI]

No. You would be a complete idiot to do it. Just imagine what happens if things go sour between you and her? If you go through with it I will patiently away the YAGT where you will be flamed with I told you so!

 

[Schadenfreude]

Originally posted by: SonnyDaze

Originally posted by: Duddy
So my girlfriend (19) wants to become a Licensed Vocational Nurse (LVN). The program at the local college costs a total of around $4000 for the entire 3 semester program. Once she's out she can make $30 to $40 an hour.

This would help me in the long run when we live together. It means she wouldn't be soo dependent on anyone, including me, for her personal finances. I work for Cingular right now and make about $900 a month. $400 of which is spare income. If I did this, I would put that $400 away every month til the end of the year. That means no spending cash.

I'm having some issues with it. Some people are saying it's a very bad idea, including my common sense. I don't like it one bit.

Ah crap! WTF should I do?!?!

There's your answer my friend.

DOn't do it. Walk away from that idea ASAP.

 

[Jadow]

does she let you in the backdoor? If so, then consider it.

 

[EightySix Four]

Don't do it, and if you do make sure there's some form of reimbursement if she leaves you. It's like a boob job, you're paying for someone else to enjoy it

 

[amicold]

Originally posted by: Duddy
So my girlfriend (19) wants to become a Licensed Vocational Nurse (LVN). The program at the local college costs a total of around $4000 for the entire 3 semester program. Once she's out she can make $30 to $40 an hour.

This would help me in the long run when we live together. It means she wouldn't be soo dependent on anyone, including me, for her personal finances. I work for Cingular right now and make about $900 a month. $400 of which is spare income. If I did this, I would put that $400 away every month til the end of the year. That means no spending cash.

I'm having some issues with it. Some people are saying it's a very bad idea, including my common sense. I don't like it one bit.

Ah crap! WTF should I do?!?!

How long have you been together/do you sense any turbulence/would this hurt you even minorly financially?

 

[BD2003]

Originally posted by: JS80
Shens. $4000 investment does not produce $83k per year.

lol, thats what I was about to say.