UP Providence Scholarship

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Anyone heard anything yet about the results of the Prov scholarship? This year they are only giving out 20 scholarships:uhoh21: .....seems like the interview was a year ago, yet it was only a little over a week ago - funny how anxiety warps time. Anyone gotten "the letter" yet? Thoughts anyone?

Specializes in CICU / ICU.

Just a quick clarification on the "tax issue" related to the Providence Scholars program. Tuition at University of Portland for two years + a summer session (nursing school at University of Portland is 5 semesters) costs over $50,000. While you're in school you get a tax credit of $1500 as technically the Providence Scholar money is paid in loan form. When you're done with school Providence credits your paycheck with $500 every two weeks and immediately deducts the money from the same pay check (they do this for three years until your commitment with Providence is complete and the "loan" is paid). You end up paying about $200-$300 extra in taxes a month. However, keep in mind you'll be making minimally $4400 a month at Providence before taxes (this assumes you're working day shift...add $900 more a month if you expect to work night shift). When it's all said and done you end up paying about $7500 in taxes over three years work at Providence. Keep in mind you get $3000 in tax credits while you're in school, so you're really only paying about $4500 total with the Providence Scholars program.

Now if I told you you could go to University of Portland, I'd give you a guaranteed job after graduation, and you only had to pay $4500 for two years of education...how could you not choose this option?

If you took out loans for University of Portland ($50,000) you would pay about $500-$600 a month for 10 years to repay the money ...

- Evan

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Specializes in CICU / ICU.

Hey KrisPDX,

It seems Providence was advertising about 75 Providence scholarships for both the May and August classes when I applied (there are about 140 combined students in these cohorts); however, I don't think we have more than 40-50 Providence scholars between both the May and August graduating classes. I've heard they are not offering as many scholarships this year, but you'd probably know more about that than I do.

- Evan

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Hey Evan -

have you spoken to any students in your class who didn't get the scholarship and were able to go to UP with a financial aid package? I am trying to figure out how I can still go to UP if I get rejected for the scholarship. Id hate to have to forfeit my position in the program due to finances, but it is a pretty expensive school. Just wondering....

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Specializes in CICU / ICU.

There are definitely a lot of students in my class who finance their education at U of P. If your choice is to attend nursing school at U of P and finance your education or not attend nursing school at all, I'd definitely recommend the former. However, if you are accepted to another school that makes more fiscal sense (i.e. it is much less expensive), I would consider not attending U of P. Don't get me wrong, I think the education at U of P is top notch and worth the money. Remember that private universities typically offer significant financial aid, so I'd wait and see what kind of financial aid package you get until you make your final decision with school. Best of luck!

- Evan

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