Yale GEPN 2021

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Hey all! I am reapplying and wanted to create this for everyone applying. I won't be as involved as I was last year, but good luck to everyone! I know they're having seminars and allowing people to schedule one on one consultations for applications.

52 minutes ago, secondtimer14 said:

The GEPN year is the most expensive. Tuition is slightly lower the MSN years. 

FYI I just looked back at my notes and I wrote that tuition for GEPN is $67k, and then the second two years drop to ~ $49k 

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11 minutes ago, confuseddog said:

I don’t wanna make the people who were rejected feel sad, but I don’t think I can do it at this point. It’s really hitting hard right now. I can invest that kind of money in the stock market... I’m really easy to please and I know NP would be so awesome but... at this cost 

I'm not telling you what to do, and I certainly don't know the full scope of your finances, etc., but to spread just a hint of optimism

First off, there is nursing corps scholarships. Applications are in the Spring. They offer a substantial amount of scholarships, and Yale's program is definitely eligible. 

Second, there's loan repayment forgiveness. If you work in a high needs setting, your loans are repaid and, after a certain number of years, forgiven. Depending what population you plan to serve, this is a difference maker. 

Third, I don't think the stock market comparison is fair. Last I mathed it out, tuition for the midwifery program is about 175k, including the GEPN year (I can't remember your specialty but let's suppose it's comparably priced). It's not like you have 175k in your hands right now that you have the option to go invest. APRNs make around 100k a year (give or take). If you're planning to work 10, 20, 30 years in positions that require this degree, it is absolutely going to be worth it. 

Fourth, while it's not encouraged, some people do work as RNs during the specialty years (per diem, etc) to offset costs

Not trying to minimize. It feels really, really sh*()y to get ZERO scholarship. And maybe you don't want to do this job that badly, as you said. Just thought I'd put it out there. 

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6 minutes ago, secondtimer14 said:

I'm not telling you what to do, and I certainly don't know the full scope of your finances, etc., but to spread just a hint of optimism

First off, there is nursing corps scholarships. Applications are in the Spring. They offer a substantial amount of scholarships, and Yale's program is definitely eligible. 

Second, there's loan repayment forgiveness. If you work in a high needs setting, your loans are repaid and, after a certain number of years, forgiven. Depending what population you plan to serve, this is a difference maker. 

Third, I don't think the stock market comparison is fair. Last I mathed it out, tuition for the midwifery program is about 175k, including the GEPN year (I can't remember your specialty but let's suppose it's comparably priced). It's not like you have 175k in your hands right now that you have the option to go invest. APRNs make around 100k a year (give or take). If you're planning to work 10, 20, 30 years in positions that require this degree, it is absolutely going to be worth it. 

Fourth, while it's not encouraged, some people do work as RNs during the specialty years (per diem, etc) to offset costs

Not trying to minimize. It feels really, really sh*()y to get ZERO scholarship. And maybe you don't want to do this job that badly, as you said. Just thought I'd put it out there. 

Heyyyyy there. Hate to chime in because I was ~not accepted~ but I want to ask about the nurse corps, thing. Because I was under the impression, based on a line in their rules, that this program (at least the GEPN year) does NOT qualify, because one does not have their RN at that point. I would love love love to be wrong, and I thought since it got brought up now would be a good time to share, and have someone sus it out and show me I misread... ya know, for future application cycle plans ?

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I completed my FASFA 2 days ago so maybe thats why I didn't receive any need based aid?? Did I send it in too late? Do you think they could give me an updated financial aid award after they see it? I really thought I would get need based

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Just now, LinNYC said:

I completed my FASFA 2 days ago so maybe thats why I didn't receive any need based aid?? Did I send it in too late? Do you think they could give me an updated financial aid award after they see it? I really thought I would get need based

Priority deadline was December 31??? I’m not sure

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43 minutes ago, micser said:

Yikes, the cost is too dang high and I didn't receive nearly enough in loans or scholarship to cover much... Are there any current students in the thread who can speak to affording the program? 

I did receive a decent scholarship (nowhere near even covering one semester of basic tuition). However, the "grad plus" loan is a federal fixed loan. The interest rate is always higher than subsidized and unsubsidized, but you can take out much higher amounts. The rate for 2019 was ~7.9%. Due to covid our cohort had a rate of ~ 4.2ish. So, I took out all federal loans to cover my tuition. Many employers such as community health centers offer federal loan forgiveness if you contract with them. 

Also, a BIG consideration of that 6 figure cost that you may not know yet is that covers your living expenses. If you take out the FULL cost of attendance you get it reimbursed to you to live off of. 

Hope that helped to ease some concerns and put the big price tag into perspective a little. 

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To those pondering the meaning and implications of these crazy high figures, I don't have enough knowledge of the process to bring you comfort or an answer--but know you are not alone wondering tonight.

Ps to second Secondtimer, I have looked into salaries over the fall. I have an MPH and starting salaries are 50-70k, then progression is pretty flat.

As an NP, you start at least with 80/90k, and then my impression is you can progress as well.

I hope the events for admitted students will provide us with lots of useful information. 

And during my Master's, I wrote to tons of foundations and got quite a bit of scholarship money that way. Without interest!!

I am not a citizen and wonder if that limits my option, as well.

So many things to think of. I truly wish we had gotten these bummer letters tomorrow...

Congrats to those who got merit scholarships btw!! 

 

 

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26 minutes ago, FutureFNP-7 said:

Do you guys think they'll hold a session to discuss financial aid as part of admitted students day?

They do hold a session for that.

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2 minutes ago, kc_FNPtobe said:

I did receive a decent scholarship (nowhere near even covering one semester of basic tuition). However, the "grad plus" loan is a federal fixed loan. The interest rate is always higher than subsidized and unsubsidized, but you can take out much higher amounts. The rate for 2019 was ~7.9%. Due to covid our cohort had a rate of ~ 4.2ish. So, I took out all federal loans to cover my tuition. Many employers such as community health centers offer federal loan forgiveness if you contract with them. 

Also, a BIG consideration of that 6 figure cost that you may not know yet is that covers your living expenses. If you take out the FULL cost of attendance you get it reimbursed to you to live off of. 

Hope that helped to ease some concerns and put the big price tag into perspective a little. 

What is the likelihood of getting loan forgiveness???? I’m sure it’s highly competitive.

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@kc_FNPtobe, this is very useful, thanks!

Just to clarify, did you mean the loan forgiveness programs also reimburse the living costs? that would be big!!

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2 minutes ago, confuseddog said:

What is the likelihood of getting loan forgiveness???? I’m sure it’s highly competitive.

While in school, slim. However, if you work in an underserved federally backed facility upon graduation... easy.

 

Also, GEPN is the most expensive year because it runs through the Summer. 

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@kc_FNPtobe  Would you say its doable or common that students work as RN's part time during the last 2 years?

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