Financial Aid | College of Nursing (2024)

FAQs

Can FAFSA be used for nursing school? ›

Yes, you can use FAFSA funds to pay for nursing school. You should fill out the FAFSA every year you plan to attend nursing school, just to see what new financial aid you may be eligible for.

After you've submitted the FAFSA and other necessary forms, you'll soon receive an award letter, which contains the financial aid options, including grant and loan amounts, available to you. After discussing these possibilities with your family and financial aid representative, you can decide what to accept.

Eligible nursing students can apply to the Nurse Corps Scholarship Program. If accepted, we pay your tuition, fees, and other educational costs, along with a monthly stipend. In return, after you graduate, you work at an eligible health care facility with a critical shortage of nurses (critical shortage facility).

The financial aid awarded based on the FAFSA can be used to pay for the college's full cost of attendance, which includes tuition and fees. While it is possible for student financial aid to cover full tuition, in practice it will fall short.

Federal student aid from ED covers such expenses as tuition and fees, housing and food, books and supplies, and transportation. Aid can also help pay for other related expenses, such as a computer and dependent care.

Nursing Student Loan Debt for BSNs

The average cost of a bachelor of science in nursing (BSN) is between $8,000 and $55,000. The average student loan debt for a BSN is $23,711.

Most financial advisors recommend the 50/20/30 rule for budgets. Under this plan, individuals use half their income for essential expenses, 20% for savings, and 30% for nonessential expenses. While few students follow this rule to the penny, 50/20/30 provides a strong foundation for budgeting in nursing school.

Lynch notes that pharmacology is one of the most difficult classes for nursing students, but is essential to patient care. According to the FDA, there are over 20,000 prescription drug products approved for marketing.

You're covered. With a Smart Option Student Loan®, you can get the money you need to pay for nursing school. Cover everything from tuition to housing to travel, and even your training materials, equipment, and test fees if they are included in your school's cost of attendance.

What GPA do you need for ASU nursing? ›

Minimum 3.50 select GPA in pre-requisite courses. Minimum score of 58.7% on Test of Essential Academic Skills (TEAS).

It is a small institution with an enrollment of 925 undergraduate students. The Arizona College of Nursing - Tempe acceptance rate is 95%.

Some schools, such as Berea College and College of the Ozarks, offer in-person nursing degree programs with no tuition. These schools each have a distinctive work-study program that, combined with federal assistance, allows students to attend tuition-free. However, students must pay for room and board, fees, and books.

Best Paying States for Nurses

The state with the highest annual wage is California, which has an average wage of $133,340 per year. Following behind California are Hawaii, with an average salary wage of $113,220, and Oregon at $106,610. The states with the lowest average wage are Alabama, Arkansas and South Dakota.

Other reasons for financial aid disqualification include: Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school. Defaulting on a student loan.

Yes, if a nurse meets the criteria, their student loans can be partially or fully forgiven. Each student loan program requires borrowers to meet income and work requirements. Often, nurses must work in underserved areas for a length of time.

To become eligible for federal financial aid to help you pay for medical school, you'll need to fill out the Free Application for Federal Student Aid (FAFSA®). The FAFSA could qualify you for the following: Federal Direct Unsubsidized Loans: Medical students can borrow these loans (sometimes called “Stafford Loans”).