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Paying for Nursing School



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Aug 21, 2009 04:05 PM

Paying for Nursing School


Hi everyone! This is my first thread on allnurses. I wanted to ask current nursing students and grads how did you pay for nursing school? Did you use a lot of student loans, grants, scholarships, etc. Please let me know. Although I plan to enter nursing school in 2011, I want to get a jump start on how to start saving and applying for aid. Any insight to this would be great! Thanks in advance...


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15 Comments
No. 1
Old Aug 21, 2009, 04:14 PM

Default Re: Paying for Nursing School
I go to an in-state public uni, so tuition ain't too bad there. I applied for and got Stafford federal subsidized & unsubsidized loans that add up to about $12,000 per year. If you need any more than that other programs like Sallie Mae and private banks can offer more loans. Just be aware that the interest rate's gonna be higher, like around 11% as opposed to 6.5% for the Stafford. Most nursing schools offer grants of all kinds and loan forgiveness programs in exchange for, say, committing to a hospital or a state for a certain number of years. Also check out the Pell Grant if this is your first time through college.
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No. 2
from 2ndwind
Old Aug 21, 2009, 04:26 PM

Love Re: Paying for Nursing School
I already have a degree that cost me mucho dinero and took a while to pay off.

This second one is much less expensive as it is an ADN. I am paying cold hard cash this time. I worked and lived light in order to do it. Now I am still not working and am begining my last semester on what I've squirreled away. If you are going the 2yr route, (well more than two with the sciences I didn't have from degree #1) you can try and keep working full time and OT while you do the A&P, Micro, Chem. prerequisites (and the sociology you blew-off during first degree because you thought, no way am I gonna need that!). Sure I'm gonna be on fumes when I graduate, but at least not in debt! Hey, I HEAR THERE'S THIS NURSING SHORTAGE... so I can easily begin working and have my pick of jobs with sign-on bonus! -- joking there, just in case you didn't know I was.
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No. 3
from CrufflerJJ
Old Aug 21, 2009, 04:52 PM

Default Re: Paying for Nursing School
I mooched off my wife's salary, used some of our savings, had a 60% scholarship, and also had a college loan (federal unsubsidized).
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No. 4
Old Aug 21, 2009, 04:57 PM

Default Re: Paying for Nursing School
I'm doing an ADN with Pell Grants. There's a little state grant attached and together, they just cover books and tuition. For any financial aid, you will need to go to fafsa.edu to apply. I do it every year right after I file my taxes.
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No. 5
Old Aug 21, 2009, 05:17 PM

Default Re: Paying for Nursing School
Congrads on your decision to become a nurse. I'm having my tution paid for by pell grants & stafford loans. It's a little expensive, but it will be welll worth it when I'm done with school next year
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No. 6
from jo'ee
Old Aug 21, 2009, 05:21 PM

Default Re: Paying for Nursing School
I am applying to a university for nursing school. Right now I am in a community college doing my pre-requisites. I am really fortunate, even though I do not qualify for loans, the university I applied to recognizes my 4.0 GPA and is giving me 8K in transfer scholarship a year and the community college recognized my GPA and invited me to belong to Phi Theta Kappa. The university gives another 2500/yr to phi theta cappa members. Lucky me, 10,500 yr in scholarship because of my grades. So keep the grades up and find out what is available to you.
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No. 7
from Goingthere
Old Aug 21, 2009, 06:07 PM

Default Re: Paying for Nursing School
Work as much as possible now, and save. Throw that money monthly into ING and wait. Loans/grants/scholoarships are a great way, but start saving TODAY-thats what helped me. In 9 months I saved ALOT of money-so i had some security while waiting for outside funds.
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No. 8
from RNperdiem
Old Aug 21, 2009, 07:36 PM

Default Re: Paying for Nursing School
I went to a community college, lived with my parents and worked a part time job.
The school was so affordable that my $4/hr CNA job paid for my tuition, used books and fees. The job paid for my car insurance, gas, health insurance(a better deal 12 years ago), clothes and spending money.
Plenty of people work their way through school.
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No. 9
from Scrubby
Old Aug 21, 2009, 07:41 PM

Default Re: Paying for Nursing School
In Australia if you can't pay the university fees upfront then you can get an interest free loan from the government that you only have to pay back if you earn over a certain amount. To become an RN is about 12,000 AUS.
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