Ohio nurses weigh in on proposed federal loan rule

Spectrum News reports that proposed new federal student loan rules may reclassify advanced nursing programs and lower the maximum amount of loans permitted, potentially impacting the pipeline of individuals entering the profession.

Journalist Javari Burnett spoke with UC Dean Alicia Ribar and UC nursing students Megan Romero and Nevaeh Haskins about the proposal. Romero and Haskins, both seniors, were filmed in the College of Nursing’s Simulation Lab.

According to Spectrum News the new federal loan reclassification removes several advanced nursing degree programs from the “professional” category. The changes lower the federal borrowing limit to $20,500 per year and cap lifetime borrowing at $100,000.

Ribar told Spectrum News that approximately 85% of UC nursing students need some form of financial support, and the new federal loan limits could further strain students already relying on assistance.

“Master’s degrees can cost anywhere between $50,000 and $200,000, depending on your specialty,” Ribar said for a Spectrum segment.

Romero wants to pursue advanced practice as a certified registered nurse anesthetist (CRNA) and has a strong desire to help children.  She’s taken out loans to further her education and worries that new limits on loans for advanced degrees could be a problem for her in the future.

“My goal is to work in the pediatric ICU to gain experience, to be able to apply for CRNA school,” she said.

Listen to the full segment on Spectrum News.

Featured top image of Megan Romero in the UC College of Nursing Simulation Lab. Photo provided.