There are all kinds of ways to cover your tuition cost. Which are best for you? Here are some options:
See if you can get a scholarship.
With hundreds of scholarships available, odds are you’ll qualify for one or more. Here, you can search scholarships by your degree program, requirements, and location.
Find a nursing scholarship
Check out opportunities for financial assistance.
There are many financial assistance programs for nurses. Here are a few common ones, and a little about them:
Loan Repayment is when you go to work for a healthcare facility and they pay off your nursing school loan in exchange for that work.
Find an opportunity for Loan Repayment
Grow Your Own programs are set up by individual healthcare facilities; the facility where you work sends you to nursing school.
Find a Grow Your Own program
Tuition Reimbursement is when you go to work for a healthcare facility and they reimburse you for your nursing school tuition while you work.
Find an opportunity for Tuition Reimbursement
Residency programs, often offered by healthcare facilities, give you experience working as a nurse, helping you transition from nursing student to professional.
Find a Residency program
Career Ladder programs are programs where a healthcare facility will reward you with both a nursing school scholarship and a job at that facility when you graduate.
Find a Career Ladder program
Look into student loans.
If you have to borrow money for school, know your options and weigh them carefully, since the more you borrow now, the higher your monthly payments will be after you graduate. Here’s a bit about the different types of student loans:
Federal loans are often the best option, since you can usually lock in a lower, fixed interest rate, which will help you predict what your payments will be after graduation. Sometimes, the government will even pay the interest on your loans while you’re in school—that’s called a subsidized loan.
Find out more about federal loans and apply for one
Private loans usually have higher interest rates and less repayment flexibility than federal loans, and should be one of your last options after you’ve searched for scholarships, financial assistance, and applied for federal loans. That’s because unless you can prove a very high credit rating, you’ll likely need a co-signer who will be legally obligated to repay your loan if you can’t.