If you’re wondering whether earning a bachelor’s degree is worthwhile for registered nurses (RNs), you need to consider the cost and the potential returns on your investment in an education. Fortunately, earning your Bachelor of Science in Nursing (BSN) degree doesn’t have to cost a fortune, particularly when you choose an online education. Having a BSN can significantly increase your advancement opportunities and earning potential, and there are many steps students can take to make attaining a BSN degree affordable.
The Cost of a Bachelor of Science in Nursing Degree
The expense is a major factor in determining whether earning a bachelor’s degree is worthwhile for registered nurses. At some of the top online RN to BSN programs in the nation, a Bachelor of Science in Nursing degree can be surprisingly affordable. For example, the University of Wyoming Online charges just $106 per credit for its RN to BSN distance learning program. At Western Governors University, you pay a flat rate of just $2,890 per 6-month term, and you can take as many courses as you’re able to complete. While tuition cost shouldn’t be your only consideration, it should factor into your college selection.
Earning Potential for RNs with a BSN
Another factor to consider when determining whether earning a bachelor’s degree is worthwhile for registered nurses is how much more money you could make. If you use your bachelor’s degree to advance into a new position, your increase in earning potential could be significant.
Nurses in the high-level supervisory roles that require a BSN can earn several thousands of dollars more per year than a registered nurse can, according to U.S. News & World Report. While registered nurses earn a median salary of $56,000 per year, candidates with a bachelor’s degree could earn $65,000 as a registered nurse supervisor, $78,000 as a nursing director or $80,000 as a nursing manager, according to U.S. News & World Report.
Affording Your BSN
The more affordable your education is, the more earning a bachelor’s degree is worthwhile for registered nurses. There are many of ways to cut the cost of earning a BSN degree without sacrificing quality. In addition to choosing an affordable online degree program, you can look for an accelerated format that allows you to graduate early and start using your new education to get ahead in the workforce sooner. Of course, you can look for scholarships and other forms of financial aid, or check with your employer to see if any form of tuition assistance or reimbursement is available.
Going for your bachelor’s degree in nursing may not be the right path for every RN. However, when you choose an affordable RN to BSN program and leverage your education to enhance your career advancement opportunities, earning a bachelor’s degree is worthwhile for registered nurses who want to move into management roles and increase their salary potential.