If you’re a nursing student with a mountain of student loans, the idea of becoming a travel nurse may seem daunting. But there are plenty of reasons to consider it.
Here are four ways that being a travel nurse can help you pay off your student loans:
You’ll get paid more
Travel nurses typically make 20–30% more per hour than staff nurses.
That extra income can make a big difference when it comes to paying down your debt.
Are you a nurse looking to become debt free? Have you ever considered traveling? If so, now could be the perfect opportunity to try it. Working as a travel nurse has one significant advantage — more money. That can add up in a big way when it comes to debt repayment. You may even find that the extra income makes tackling your existing debts significantly faster, allowing you to get out from under them before you know it.
If getting out of debt fast is your goal, consider signing up for travel nursing and unlock the potential for financial freedom.
You’ll have access to loan forgiveness programs
Many hospitals offer loan forgiveness programs for travel nurses who agree to work in underserved areas.
If you qualify, you could have a portion of your debt forgiven after just a few months on the job.
As a travel nurse, you have the chance not only to see the country and bring your expertise to underserved areas, but you have the potential to have part of your student loan debt forgiven as well. Many hospitals needing specialty care offer loan forgiveness programs for travel nurses who agree to take on assignments lasting several months.
This can be a great way to explore different career opportunities while also lightening your debt burden — what could be better?
You can live and work in low-cost areas
By choosing to work in lower-cost areas, you’ll be able to save money on living expenses while still earning a good wage.
This extra cash can be put towards your monthly loans, helping you pay them off faster.
Living and working in low-cost areas is one of the most efficient ways to pay off student loans. Not only will you benefit from a lower cost of living, saving a significant amount of money each month, but you will also still be able to enjoy a good salary or wage. What’s even better is that with this extra cash from reduced expenses, you can take the initiative and put it straight into your student loan payments — ultimately helping you pay them off much faster than initially expected.
So why not give it a go? You may well find that living more frugally has its advantages.
You don’t have to commit to long-term
One of the great things about being a travel nurse is that you can pick up short-term assignments as they become available.
Short-term assignments as a travel nurse are perfect for those who are looking to gain income without having to commit long-term. This could mean a few months here or one contract finished and then onto the next — whatever works best for you.
The final word
Being a travel nurse is an adventure. Not only will you get to see new places and meet new people, but you’ll also gain valuable experience working in different hospital environments around the country (or even internationally!) As someone with student debt, taking advantage of this unique opportunity can be hugely beneficial in terms of both career advancement and loan repayment success stories.
So, if you’re feeling stuck in your career or like you can’t get ahead, know that there are plenty of options for you.
So even though paying off debt might not be the most glamorous use for your earnings, just remember — in a few years, all this will be a distant memory… and you’ll be Debt-Free.
To learn more about the travel nursing opportunity and cities across the country, visit Bestica Healthcare and start planning your next assignment today.