How to Pay for Nursing School

Yes, you can afford nursing school! You can pay off your student loans. Here are some suggestions. Nursing Students Pre-Nursing Article

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How to Pay for Nursing School

I've noticed a lot of posts on the topic of paying for nursing school.

I've also noticed a lot of responses here telling everyone to go to community college and get an ADN then do an RN bridge program. Well, I disagree and here is why: It is easier to get a job as a BSN RN, especially in highly competitive markets. In addition, it is not necessarily cheaper to go the ADN route and it is not always cheaper to go to a public college. Do not overlook private (nonprofit) schools, as they often have their own scholarships. I am a California resident and was accepted by UCLA and Johns Hopkins. With the scholarships I received, Hopkins was cheaper than UCLA! For my MSN, I won a HRSA scholarship, which paid my full tuition plus $1300 a month living allowance, in return for 2 years of public service. My public service job is also my dream job, so that worked out great.

So, down to practical advice

You can pay for nursing school through personal savings, family help, scholarships, and work-study. Some students work full time and go to school part time or they go the school part time and work full time.

Loans - don't be afraid! There are many loan repayment and loan forgiveness programs for RNs.

MAKE SURE TO FILL OUT THE FAFSA!

Scholarships

Your school may have its own scholarships. However, there are a lot of other scholarships out there and it is up to you to find them and apply for them . It is possible. Christopher Gray won $1.3 million in scholarships and after graduating, he started his own scholarship search company (his Scholly - Scholarship Search Tool and College Scholarship Finder App is not recommended, however).

  1. Talk to your financial aid office about scholarships you can apply for
  2. Talk to professors about scholarships and grants once you are in school. For example, while at Hopkins, I learned that one professor had $25,000 scholarships available, but financial aid did not know about them.
  3. Nurse Corps Scholarships are full ride, with a living allowance, in return for public service.

More ...

  1. Most states have scholarship and loan forgiveness programs for state residents. Just Google "(name of your state)" nursing scholarship
  2. Some localities have scholarships. For example, I googled "San Diego nursing scholarship" and got this: Local Scholarships - The San Diego Foundation
  3. There are scholarships out there for your gender, ethnicity, etc. African American, Hispanic, Asian American, Native American, Hawaiian, etc. There are scholarships for women, for men entering nursing, for women over 30 changing careers or going to college, etc.
  4. There are also a lot of nursing scholarships. There are great websites that let you search by location

There are a lot of general scholarship search sites

Your parents may make you eligible for a scholarship, so ask them to check with their employer. Some employers have scholarships for the children of employees - this is quite common for larger companies, hospitals, LTCs, schools, colleges, government (federal, state, local) etc. There are also scholarships for military family members - children and spouses.

Working while in nursing school

Get a healthcare job like CNA, various types of techs, medical assistant, etc. This is great prep for nursing school and are good jobs for nursing students. (I recommend CNA training for anyone considering a nursing career - it is a good test to see if you can handle the "blood and guts" part of nursing.

  1. Work study programs - most schools have these and these are usually easy jobs that will provide you with a few hundred dollars a month
  2. Casual jobs like babysitting, dog sitting, house sitting, personal care, tutoring, teaching ESL, etc. One of my fellow students met her fiance this way! Sometimes people will provide free housing to a nursing student in return for personal care or childcare and light housekeeping. These opportunities are usually posted in a nursing school. Some schools have someone who keeps a central registry of job opportunities for students - find out if your school has this.
  3. In addition, some facilities will then pay all or part of your nursing school tuition. See the website below for "Find A Grow Your Own" and "Find A Career Ladder Program"

Yes, it is OK to have Student Loans!

If your financial aid package consists of loans, living expenses are included. Of course, it's not a large amount, but plenty of students get by.

There are many loan repayment programs and loan forgiveness programs for RNs. Talk to your financial aid office about loan forgiveness. Here are some loan repayment programs:

  • Nurse Corps
  • HRSA

Some employers will also repay some of your student loans:

  • Johnson & Johnson
  • U.S. military
  • Veterans Administration (VA)
  • Prisons - federal, state, local

Use Google! Internet searching is your friend here. Be creative with search terms.

Finally, any higher education does require some financial sacrifice. If it were easy to get a college degree, everyone would have one.

  1. Economize - figure out a bare bones budget
  2. If you are not yet in school, you have a chance to save some money before school. Work overtime or get a second job to save up some money.
  3. If you are married, sit down with your spouse to figure out a budget. Your spouse might be willing to step up. My father always had 2 jobs - a full time and a part time job. So did I, when I was younger and had more energy. If you have a stay at home spouse, figure out ways they can make some money, like babysitting, dog sitting, eBay, etc. My mother had only an elementary school education, but she made extra money by buying old stuff at garage sales, fixing the stuff up, and reselling. I make extra money by selling on eBay and Amazon and even by doing tarot card readings. I have friends who teach ESL online.
  4. Consider some seasonal jobs that will allow you to save a lot of money. I had a lot of friends in college who worked on the slime line in Alaska. Hard work, but they made a lot of money in a short period. The fishing industry goes to great lengths to recruit people - there is more work than workers. They usually provide housing for workers.

Hope this helps! Good luck to all.

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shibaowner

About shibaowner, MSN, RN, NP

Primary care AGNP who graduated in 2016. Prior to becoming an NP, I was a high tech management consulting executive with 20 years experience. I live in California.

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Just a couple notes:

Those links that say "400 bad request" should work. Let me know if they do not.

Loan Repayment programs - some more:

- Nurse Corps

- HRSA

- most states also have loan repayment programs for their residents

Loan payments:

1. You need to figure out what kind of payments you can afford

2. If you can't get a job, right way, do not panic - call your lenders and get a forbearance until you get a job

3. There are income-based loan repayment plans and you should consider these. Your payments start low and go up as you make more $.

4. Loan forgiveness - check into conditions for loan forgiveness for nursing.

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Loans are a terrible idea. "The borrower is slave to the lender." If you can't afford to cash flow school, you can't afford to go right now. Loan forgiveness, 2 year contracts, critical needs areas...it all amounts to indentured servitude. This advice is coming from someone who spent 20 years paying off 100,000$ worth of student loans. Do what you want, but don't say I didn't warn you.

Check out Dave Ramsey -plenty of ideas on how to live frugally, save money and go to school without debt.

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Apples&Oranges said:
Loans are a terrible idea. "The borrower is slave to the lender." If you can't afford to cash flow school, you can't afford to go right now. Loan forgiveness, 2 year contracts, critical needs areas...it all amounts to indentured servitude. This advice is coming from someone who spent 20 years paying off 100,000$ worth of student loans. Do what you want, but don't say I didn't warn you.

Check out Dave Ramsey -plenty of ideas on how to live frugally, save money and go to school without debt.

You are entitled to your opinion. However, expecting people to pay cash for professional education is unrealistic for most people. I hardly consider public service to be "indentured servitude." By that definition, people joining the military for the education benefits are also indentured servants.

The cost of graduate professional education in fields like medicine, law, business, and nursing is too high for most people to be able to pay cash for it.

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Specializes in oncology.
On 9/19/2017 at 3:51 PM, shibaowner said:

However, expecting people to pay cash for professional education is unrealistic for most people

That's why the recommendations for a community college are made.

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Specializes in oncology.
On 9/14/2017 at 1:28 PM, shibaowner said:

In addition, it is not necessarily cheaper to go the ADN route and it is not always cheaper to go to a public college.

Yes, it usually is if it is a community college for the ADN (not a for profit).

On 9/14/2017 at 3:42 PM, shibaowner said:

2. If you can't get a job, right way, do not panic - call your lenders and get a forbearance until you get a job

 

On 9/14/2017 at 1:28 PM, shibaowner said:

It is easier to get a job as a BSN RN, especially in highly competitive markets

Which is it? 

 

On 9/14/2017 at 1:28 PM, shibaowner said:

With the scholarships I received, Hopkins was cheaper than UCLA! For my MSN, I won a HRSA scholarship, which paid my full tuition plus $1300 a month living allowance, in return for 2 years of public service.

Yes, what you achieved is exceptional.

But I achieved my Master's owing 2 years of service.  It is tough though to put your world on hold. 

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I wouldn't agree with the loans and BSN.  ADN was like $1050 a year for me.  Get a job and my  hospital pays for part of stepup program.  After 2 years working your debt free, 2 years work experience with a BSN that was (partially) employer paid.  You'll be way better than having a bunch of debt, zero experience and a BSN.

But I think you really need to assess jobs in your area, can you get a job w an ASN.  And how hireable are you?  In California being bilingual is a huge advantage.  An ASN that speaks Spanish is way more hirable than a "ASN".

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