Student Debt – What CRNAs Need to Know

As financial advisors who’ve worked with CRNAs for almost 30 years, we know that one of the biggest challenges facing CRNAs is student debt.

If this is your struggle, know that you’re not alone.

According to the Institute for College Access and Success, student loans have become a $1.5 trillion crisis in the US. The most recent graduates owe an average for $28, 650, but for CRNAs, the number is typically much higher, often ranging between $150K to $200K.

It’s frustrating. You make a good income, but you still need to adjust your lifestyle to accommodate student loan payments. And, under current law, student loans remain with you, even if you file for bankruptcy.

So, how do you deal with your student debt? The easiest way is to follow these three steps:


Don’t panic. Instead, speak to a financial advisor who understands the nature of your career so you can develop a strategy for eliminating your debt-load faster and more efficiently, all while building a retirement savings account.


Prepare yourself for a worst-case scenario —what if you find yourself unable to work?
It’s a terrifying thought, but it’s a reality that you still need to consider because you will still need to make monthly payments on your student loans even if you’re not working.


Consider adding a Student Loan Reimbursement Rider to your disability coverage.

Why? —Let’s look at this scenario:

Jennifer is a CRNA who has worked in a mid-sized hospital for three years. She lives well within her means and even squirrels-away some savings while still fulfilling her student debt obligations each month.

Due to serious illness, Jennifer is forced to stop work for over a year. She has disability insurance, but this only covers the cost of her living expenses.

How is she going to cover her loan payments?

Jennifer isn’t worried. Jennifer and her CRNA financial advisor have created a solid strategy.

Because of her substantial student debt load of $80,000, Jennifer added a Student Loan Reimbursement Rider to her individual DI coverage, that she acquired in addition to her group coverage.* This added coverage allows her to continue to pay off her student loan.

Because of her additional coverage Jennifer can concentrate on getting better and getting back to the job she loves.

For CRNAs managing significant student loan debt, a Student Loan Reimbursement Rider is one of the smartest ways to ensure you will be able to continue your path towards financial stability and growth, even when life’s challenges slow you down for a while.

To create the right financial strategy, and to learn more about student loan management, talk to a CRNA Financial and Retirement advisor at

You’ve worked hard to build a bright future. Let us help you achieve your financial goals.

Get in Touch.

*Certain limits apply based on earnings

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