DNP vs PhD?

It is in their interest to keep you on the line with tuition coming in whether it is actually funded as they will report or not. At this time I prefer a PhD because I think there is a better history with more respect. The DNP needs to work out some growing pains imo. Your plan A was sound if you ask me.

It is flattering to be recognized as a potential recipient of a grant for further education but I also agree that schools will always encourage high performing students to pursue more education because in the end, the institution benefits regardless of where the money is coming from (in your case, a potential external source of funding).

If I were a student NP right now, I would likely still pursue the Master's and start working as an NP as soon as I can. There has not been a preference for one degree over the other in terms of career opportunities at the novice NP level. Sure, a nurse practitioner with a DNP can potentially open more doors in the future (i.e., administration, clinical faculty appointments) but I also foresee that the DNP will be so commonplace that it wouldn't make much of an impact if you had the degree. At the current rate DNP programs are graduating students, those with DNP's will outnumber Nursing PhD's very soon.

I'm sure you know the difference between a PhD and DNP in terms of program goals and length. You are always going to be guaranteed an academic position with a PhD. It is the more accepted degree for an academic career though many schools have been appointing DNP's for clinical faculty positions (they are usually non-tenured).

Another consideration with an academic career with a PhD + being an NP at the same time based on what I've seen is that oftentimes, there is not enough time to practice as an NP clinician. There is pressure to produce research in addition to teaching commitments because of the prevailing "publish or perish" culture. I find that it keeps faculty involved in this field away from actually working in a clinical capacity. Is that something you want to do right away not having had your feet wet as an NP yet?

Source: American Association of Colleges of Nursing | DNP Fact Sheet

But at the same time... If you had the chance to obtain a doctorate degree for FREE, would you turn it down?! I feel I would be crazy to not jump at the opportunity.

If it truly is free and you can also take NP boards in the second year I probably would do it. A word of warning in my experience it isn't uncommon for schools to make these offers which magically turn to funding via loans after the student is emotionally invested in the degree. I'm definitely a business woman but the lengths nursing schools will go to keep students on the line with minimal benefit to their practice or our profession really disgusts me.

Thanks for the warning! I'm not sure why they approached me. Most of my cohort is doing the DNP already. (It's actually REALLY late for me to switch over right now- and would not be the easiest thing to do.) So it makes no sense why they're going through the effort for me to switch plans. But if I'm going to go through the challenge of switching - I want to make sure the DNP is the right program for me.

You are a captive audience.

You are a captive audience.

(And a known quantity.)