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Loans? Scholarships? Or are you just one of those responsible people with extra money? <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/winky.gif" style="border:0px solid;" title="Wink"><br><br>
I'm concerned about paying for school because now that I'm apprenticing, I'm not actively seeking doula clients, which is *my* main source of income. My dh works. We don't have a lot of extra money, so I'm thinking about a loan or something.<br><br>
Basically all I can afford it MTB, but until I really am interested in Midwives College of Utah and, of course, the ever-popular AAMI!<br><br>
My boys are picking smilies: <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/thumb.gif" style="border:0px solid;" title="thumbs up"> and <img alt="" class="inlineimg" src="/img/vbsmilies/smilies/joy.gif" style="border:0px solid;" title="joy">:
 

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<div>Originally Posted by <strong>DoomaYula</strong> <a href="/community/forum/post/13271473"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">Loans? Scholarships? Or are you just one of those responsible people with extra money? <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/winky.gif" style="border:0px solid;" title="Wink"><br><br>
I'm concerned about paying for school because now that I'm apprenticing, I'm not actively seeking doula clients, which is *my* main source of income. My dh works. We don't have a lot of extra money, so I'm thinking about a loan or something.<br><br>
Basically all I can afford it MTB, but until I really am interested in Midwives College of Utah and, of course, the ever-popular AAMI!<br><br>
My boys are picking smilies: <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/thumb.gif" style="border:0px solid;" title="thumbs up"> and <img alt="" class="inlineimg" src="/img/vbsmilies/smilies/joy.gif" style="border:0px solid;" title="joy">:</div>
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For me money was one reason for my choice of AAMI, of course I do stress it was one of the reasons not all of them. I am on the payment plan, which works best for me even if I pay a little more that way. I can handle a $90 a month payment just by doing without some things.<br><br>
If I had chosen a MEAC accredited school then I would have probably gone the route of applying for scholarships, then grants and then loans in that order. Personally I still owe from my previous degree on student loans and had no wish to dig a deeper hole.<br><br>
Tia
 

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My plan is to continue taking Doula clients nad teaching CBE, even if that makes my apprenticeship last longer, to help offset the cost. I will also likely get student loans, unless DH gets a raise or new job!
 

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I accumulated a total of $60K in loans for my CNM.
 

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I did AAMI, and did hte payment plan, $100/month for x number of months. Of course, then there are all the OTHER expenses....books, supplies, conferences, etc. My NARM stuff, and my license in total cost me $3,800 alone last year. Yikes! And I had to still buy all my own equipment.<br><br>
So, for all of that I used credit cards mainly, and hope to pay it all off this year with money I earn from my practice.
 

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I saved for a long time. And now I just save for smaller purchases, books, etc. I'm now saving up again for buying midwife supplies.
 

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Home equity loan. I worked full time for the first year.
 

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parental loan/funding. . . and living off of Dp's income. We joke that the first year I make *any* money, we won't know what to do with it all <img alt="" class="inlineimg" src="/img/vbsmilies/smilies/eyesroll.gif" style="border:0px solid;" title="roll">
 

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I would spend alot more money getting my CNM than my CPM, the difference in pay and benefits is very great. CNM's can often work for hospitals or birth centers, where they can get insurance, paid time off, call rotation, even perks like IRA's, payment for their continuing education, help with malpractice, etc, you get the picture.<br><br>
also, all CNM schools accept federal student loans. Most distance CPM schools do not, there is no way I could pay out of pocket for CNM school, I would have to take a loan out. the school I am looking at is about 1200 per credit, and you need 60 credits to graduate.<br><br>
CPM's can make decent money, I think if you polled the midwives on here and other sites, you would see they are not making that much money, most CPM's do not make enough to support a family, and many work extra jobs to support themselves. Therefore, I would be very hesitant to spend alot of money on education.<br><br>
As a CPM, you are usually self employed, which means all your own taxes, including self employment taxes, all your own supplies (CNM's working for someone do not usually pay for their own equipment, it's provided, those in home practice would have to pay for their supplies), all your own continuing education, no time off, no call rotation (some do, but most are on call 24/7 most of the time, even with partnerships), your own insurance if you have any, etc.<br><br>
For an example, right now at the hospital where I am teaching, all nurses and CNM's can get their CPR, Neonatal resuscitation, and a breastfeeding continuing education day for free. If I wanted to do it, it would be over 300.00, more if I had to travel.<br><br>
Does anyone know if midwives college of utah is able to accept federal student loans?<br><br>
Also, I would be interested in doing some research to find out average pay for direct entry midwives, both gross and net, because that can be a HUGE difference. My gross income last year before expenses looks pretty good, but add in all my expenses and well, I had to go back to teaching RN students to catch up on the bills. And I did about 50 births last year. Yes, I could raise prices, but I would lose clients around here, and with the economy the way it is, even my Amish, who normally pay the full amount right after the birth are unable to pay and need to make payments.<br><br>
So, I would investigate all those things before taking out a home equity loan on your home (which is probably depreciating as you read this, what is you want or need to move? you might get yourself upside down), or taking out huge loans.<br><br>
Can you go part time? Do side jobs to pay for it, like babysitting, doula work, CBE, etc.?<br><br>
by the way, I took out 20K in loans to get my RN license, but it has been well worth it, I make more in 2 days per week, then i could make working full time without that degree, so it's all about weighing the risks, the payoffs, the benefits, etc.<br><br>
Love to hear others opinions about this and if anyone is interested in researching income, I would be happy to do that, I need to do some research for my teaching job, this would be great!
 

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I put AAMI on the credit card with plans to pay it down with money from birth assisting/doula births. It's coming down slowly, should be paid off in the next 12 months.<br><br>
Honestly, enrolling in AAMI put us back a lot on our debt snowballing plan but it's looking like it's a good thing I did it when I did for reasons I would have never foreseen... not to mention enrolling when I did allowed me to take advantage of a partial scholarship I was offered.<br><br>
And yes, I understand about apprenticing, it's expensive!<br><br>
Everyone's financial situation is different, you know yours better than any of us! <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/smile.gif" style="border:0px solid;" title="smile"> It seems like there may have been a thread somewhere on here about financial aid for MEAC schools?
 

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I think the income of homebirth midwives really greatly depends upon your area/state. Many of the midwives that I know in Oregon are able to support their families with their income. I forsee being able to as well, as soon as this baby (still in utero) is a bit older and my practice is more established. I started my own practice last August, and didn't start getting clients until January, and my estimated income with the clients I already have due this year will be gross about $13000.this is with doing 6 births total this year, and not including the bit of money I get for occasionally assisting my former perceptor. My expenses aren't very big at this point, so most of that money will be income after I pay out taxes. When I project that I will be doing about 2 births a month once my baby is over a year old or so, I will be at the point where I will be able to be the primary income earner for my family.<br><br>
Of course, I think being able to accept Medicaid makes a HUGE difference! Medicaid payments will be about 75% of my projected income for this year. The economy does suck right now, and I am so grateful that low income women in my state still have a way to pay for their homebirths. I'm also able to bill private insurance, though not ALL of them cover me.<br><br>
Fwiw, I charge cash paying clients $2500-2800. That is on the lower end of the average cost of a midwife in these parts.
 

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I did my schooling with The Association of Texas Midwives. I paid for it with a couple of tax returns. For the apprenticeship, I lived off of child support and odd jobs such as cleaning homes. I am still trying to accumulate all my gear though. I was hoping to finish buying it with the income from my first client. Unfortunately, she is having trouble paying me right now.
 

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Interesting thread.<br><br>
My plan is to save. The income I earn (or will earn <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/wink1.gif" style="border:0px solid;" title="wink1"> ) from doing doula work will all go into the bank. That is if my dh still has an income that we can survive off of without my help. Im looking at saving for 2 or 3 years before I enter into midwifery school.
 

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Discussion Starter · #14 ·
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<div>Originally Posted by <strong>beansricerevolt</strong> <a href="/community/forum/post/13277393"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">Interesting thread.<br><br>
My plan is to save. The income I earn (or will earn <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/wink1.gif" style="border:0px solid;" title="wink1"> ) from doing doula work will all go into the bank. That is if my dh still has an income that we can survive off of without my help. Im looking at saving for 2 or 3 years before I enter into midwifery school.</div>
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See I didn't plan to do this for years either, but out of almost nowhere an opportunity for an apprenticeship came up, and I decided to take it. With that, I have to do my academics simultaneously, so now I'm thinking about it.
 

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AAMI and the payment plan, I think I'm paying something like 120 a month, with a little less than a year to go. I use one doula birth a quarter to buy any books I need (or, uh, want/covet, etc). I was gifted many of my tools, either by my first preceptor, family members for holiday gifts, or birthdays from my husband. I made my own "baby weighing sling." I was just given a small "tip" from a client that I was hoping to spend toward a doppler, the real "last" big thing I "need" for my tools at this point...it went to feeding the kids, but I'll get there!<img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/shy.gif" style="border:0px solid;" title="innocent"><br><br>
The extras that aren't included in AAMI's monthly fee but that go toward AAMI...I have had to scrimp for. Dh lost his job in November, so rather than spending tax refund towards schooling we'll be using it to survive...but, again, it will come. Since DH isn't driving to and from work every day, the money I spend for gas to get to and from midwifery prenatals/postnatals and births is still about what he was spending on gas to go to work...and right now, the childcare is free, which is a bonus!<img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/orngtongue.gif" style="border:0px solid;" title="Stick Out Tongue"><br><br>
I guess in the end, that I am getting a lot more done towards learning to be a midwife by doing AAMI than I would going to a "college" because I can continue to study, make the smaller monthly payments, and then make the bigger chunks when I have the money to do so. It works for us.
 

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<div>Originally Posted by <strong>DoomaYula</strong> <a href="/community/forum/post/13277661"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">See I didn't plan to do this for years either, but out of almost nowhere an opportunity for an apprenticeship came up, and I decided to take it. With that, I have to do my academics simultaneously, so now I'm thinking about it.</div>
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I firmly believe if a door opens, walk thru it! If this is divine plan we will all find ways financially <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/wink1.gif" style="border:0px solid;" title="wink1"><br><br>
If an opportunity like yours arose for me, I would totally take it! Then Id probably come here and ask the same question <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol">
 

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Im pretty sure my friend who is training to be a midwife is being 100% funded by the government, thats in the UK ....its a shame that isnt done here.
 

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Discussion Starter · #18 ·
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<div>Originally Posted by <strong>beansricerevolt</strong> <a href="/community/forum/post/13277769"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">I firmly believe if a door opens, walk thru it! If this is divine plan we will all find ways financially <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/wink1.gif" style="border:0px solid;" title="wink1"><br><br>
If an opportunity like yours arose for me, I would totally take it! Then Id probably come here and ask the same question <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol"></div>
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<img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/biglaugh.gif" style="border:0px solid;" title="laugh">:<br><br>
Well I paid my application fee for the payment plan to AAMI. I believe I can do it; we're simplifying like crazy because my dh's salary actually went down this year, although I'm grateful he has a job.
 

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<div>Originally Posted by <strong>DoomaYula</strong> <a href="/community/forum/post/13279622"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;"><img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/biglaugh.gif" style="border:0px solid;" title="laugh">:<br><br>
Well I paid my application fee for the payment plan to AAMI. I believe I can do it; we're simplifying like crazy because my dh's salary actually went down this year, although I'm grateful he has a job.</div>
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Yeah, welcome to the ranks of AAMI students. I truly believe it is an incredible education offered with this program. I have been through nursing school and worked as a labor and delivery nurse and there is so much information that I did not know that I am learning through AAMI.<br><br>
If you have any questions or need any guidance through the program just drop me a line...<br><br>
Tia
 

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Student loans. I will graduate with 50k or so in debt and plan to pay it off in 5 years. You can estimate that your take home is 50% of your gross income.
 
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