Payment, yes I did all loans. There are some scholarships
available, I would contact the school of nursing to find out specifics on the values. I'm not sure how soon you will get set up with an advisor in the financial aid office, but they are a good resource. Won't hurt to call them and/or the school of nursing to get answers.
Pros are that is is 12 months long (really about 11 with breaks). Most will say the summer is the hardest semester. I disagree, but you should plan on spending 8-9 hours a day, 5 days a week in lecture. The school does have a state of the are simulation lab that you will use, which I found helpful when doing patient care scenarios. The program is the oldest accelerated program in the country, so the faculty are well aware of how intense it is. They are willing to help if you ask for it. SLU also has a large network of clinical sites, so you have opportunity to request something you may be interested in. All the faculty we have had so far are exceptionally knowledgeable in their areas, so they can handle pretty much any question you can throw at them.
My only cons so far are that the fall semester has been somewhat disorganized. Summer is pretty well set in stone, and you know what you need to do and when you need to do it. There have been schedule changes and so forth in the Fall, that can be confusing. (I preferred the regimented summer schedule). My only other con is the lack of clinical time. I believe the Spring will provide even more clinical time, but Summer is minimal and Fall you have clinical 3x per week. The time really flys by, and I personally learn by hands on teaching. I'm sure this is true of any accelerated program, but I just wish we had more hours at the hospitals.
With all that said, it's a good program so far, and I do not regret doing it.
Anyways, I hope I answered some of your questions. I'd be happy to answer anything else I can.