How To Finance Nursing School - Nursing Loans, Grants, Scholarship
Training for the nursing profession in the United States doesn't come cheap in time
or money as you will find out while researching how to finance nursing school.
Is pursuing a career in the nursing profession worth it to an
individual? NIZ wholeheartedly says a big "Yes"!
We personally know of a nurse who with a 2 year associate degree
makes with overtime over $90,000 in one year. She could have made more since her phone seems to rings all the
time with hospitals in the area looking for nurses to work an eight or twelve hour shift.
Do be aware that more and more
states are requiring a BSN degree before they will hire a RN regardless if a nurse has an ADN Degree and 20 years
experience. This particular nurse we know has went back to school to get her BSN to remain
The generous payoff for your hard work and limited financial investment is working
in a profession with above average pay, numerous career options to pursue within the nursing profession and the
demand for employment opportunities forecasted to remain high due. An increase in the aging population in the
United States and in many countries around the world is fueling the stability and growth.
Do keep in mind the pay scale as with any profession varies considerably depending
on what degree you obtainas you research the nursing profession as a career.
Certification as a nursing assistant has a lower base pay scale than a person
obtaining an associate degree and a person receiving a bachelors degree typically has a higher base pay scale than
a person obtaining an associate degree.
How To Finance Nursing School
Most individuals enrolling in nursing school will take out a loan in some form to
pay for their education. The loan may be a college loan such as the government Federal Perkins, Stafford Loan or
Private bank college loans with an interest rate lower than a traditional consumer
loan interest rate is also utilized by a student and/or a student's parents.
Other individuals may select and utilize the Federal Work-Study (FWS) option when
filling out the FAFSA form (Free Application for Federal Student Aid) that provides part-time jobs for
undergraduate and graduate students with financial need, allowing them to earn money to help pay education
expenses. The program encourages community service and work related to the recipient's course of study.
Did NIZ Hear You
Say Where Is The "Free Money" To Finance Nursing School?
Great to hear you wanting to pursue and conquer the obstacles to the free money
that doesn't just fall out the sky. You have some serious homework to do to secure a Grant (Free Money). You can
save yourself possibly thousands of dollars while putting your plan into action to create and secure a better life
for yourself and your family. NIZ knows you can make your dream a reality.
Let's Check Out Your Options To Get Free Money Directly or Indirectly
1. Forgiven Loan Program
For Nursing Education
Check out the U.S. Department Health and Human Services - Health Resources and
Services Administration (HRSA) loan repayment program:
Nursing Education Loan Repayment Program (NELRP). On February 17, President Obama
signed into law the American
Recovery and Reinvestment Act (“Recovery Act”) of 2009. The Recovery Act provides
substantial additional funding for the Nursing Education Loan Repayment Program (NELRP). NELRP is a competitive
program that repays 60 percent of the qualifying nursing educational loan balance of Registered Nurses (RNs)
selected for funding in exchange for 2 years of service at a critical shortage facility. Participants may be
eligible to work a third year and receive an additional 25 percent of the qualifying nursing educational loan
There is also a scholarship program at HRSA
2. Federal Student Loan
Under certain circumstances, the federal government will forgive (cancel) all or
part of an educational loan. In order to qualify, you must:
Perform military service; Perform volunteer work; Teach or practice medicine in
certain types of communities; or,
Be involved in circumstances specified by your loan's forgiveness
What About Scholarship Money:
This form of free money can be an excellent annual source provided you meet the
requirements of the scholarships as specified by the person, business or community groups, hospitals, corporations,
companies, schools, religious organizations or private foundations providing the scholarship.
Many sources to investigate may not be medically based yet may still give out
education scholarships for a variety of reasons.
NIZ wants you think outside the box every year while you are in school to find
that free money. New scholarship programs can start at any time. Be diligent in finding that free
Keep in mind that not completing or honoring the scholarship requirements like
maintaining a certain grade average or performing required work can mean that you have to repay any monies used by
you so read the very fine print.
If you get the scholarship many students wished they had discovered and received,
consider yourself blessed and Get To Work on a rewarding career.
As a nursing student
looking for a scholarship
- Try applying at the professional associations for the nursing specialty
education that you are pursuing like becoming a nurse attorney
- Apply at American Association of Colleges of Nursing (AACN)
I Want A Grant For Nursing School - Another Form of Free Money
Like scholarships, you have to spend the time needed to locate and secure one or
more of the thousands of federal and state grant programs available. One
way to look at the time spent searching for free money is the hours could be worth hundreds or thousands
of dollars per hour to you.
When you apply to an accredited school and fill out a FAFSA (Free Application for
Federal Student Aid), the financial aid department will typically see if you are eligible for grants as part of the
process. Make Sure This Application Is Completed
There are many options available for you to reach your goal of working in the
nursing profession. Whether you get a grant, scholarship, a Stafford loan
or your parents help by getting a yearly PLUS Loan, get started today in a secure good paying profession that will
be here today, tomorrow and 20 years from now.