How This Group of Nurses Is Quickly Crushing Student Loan Debt

Rick Martinez RN

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Becoming a travel nurse can help you pay off your student loans. 

Not only do you receive a higher salary than you would as a staff nurse, but you also receive a housing stipend and per diem. You shop less when you travel due to less space, and working overtime is a great way to make extra money. All of these factors can help you pay off your student loans in no time.

The last few years have been hard on everyone. We've had to make some tough decisions, and they haven't all gone our way. It's been a struggle to get by. But we can still find new hope in the future if we're willing to work at it. 

For many of us, that new hope comes in the form of finally paying off our student loans. And one of the best ways to do that is by becoming a travel nurse.

How to use travel nursing to help you pay off student loan debt.

But first, what is travel nursing?

As a travel nurse, you work for different hospitals around the country on a temporary basis. 

This means that you can take advantage of great pay and benefits, such as a higher salary than you would receive as a staff nurse, a housing stipend, and per diem. Plus, travel nursing is a great way to see the country while getting paid a high salary. 

How to pay off your student loans with travel nursing 

Student loans are an enormous burden for many people. 

According to EducationData.Org, the average student loan debt is over $37,000, and it can be challenging to pay off that debt while making ends meet. 

But there is hope.

Becoming a travel nurse is a great way to quickly pay off your student loans. 

Becoming a travel RN sets you apart from the rest in that you'll make more per hour. Point blank. Besides your hourly rate, you'll be privy to extras like bonuses, housing allowances, and a daily per diem that is not taxed.

Be sure to check the specifics of your contract, though, as they all vary from company to company. 

All of these factors can help you pay off your student loans in no time. 

Get a higher salary than you would as a staff nurse

This is often a sad but actual fact. A travel RN gets paid more.

Of course, the work is temporary, and the traveler is often the first to get cut when census drops. But that being said, the extra money can often be significant and outweigh the negatives.

Staff nurses typically make around $30 an hour. In contrast, travel nurses can earn upwards of $50 an hour. That extra money can really add up over time and help you pay off your student loans more quickly.

Receive a housing stipend and per diem 

Another great benefit of being a travel nurse is receiving a housing stipend and per diem. 

This can help you save money on essentials like food and housing. Plus, it can free up more of your income to pay off your student loans.

You shop less when you travel due to less space

When you're a travel nurse, you have less space to shop in. 

This means that you have to be more selective about what you buy, and you're less likely to purchase unnecessary items. This can help you save money on groceries and other essentials, which can be put towards paying off your student loans.

Working overtime

Working overtime is a great way to make extra money and pay off your student loans more quickly. 

Many hospitals are willing to pay nurses overtime rates, which can be significantly higher than your regular salary. This extra money can really help you get ahead financially and pay off your student loans more quickly.

The final word

Becoming a travel nurse can help you pay off your student loans. Not only do you receive a higher salary than you would as a staff nurse, but you also receive a housing stipend and per diem. You shop less when traveling due to less space, and working overtime is a great way to make extra money. All of these factors can help you pay off your student loans in no time!

If you're looking for a way to quickly pay off your student loans, travel nursing is a great option. 

References:

Student loans: EducationData.org

Staff nurse pay: Payscale.com

Travel nurse pay: NursingProcess.org

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I'm a freelance writer and a decades-long travel nurse. Writing about the travel nurse industry and healthcare.

San Antonio, TX
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