How Will I Finance My Nursing School?

---

It is no secret that nursing school is expensive, and many students simply cannot afford to cover the cost of their nursing education out of their own pocket. Thankfully, there are a lot of loans, grants, scholarships and other financing options one can choose from. The only thing you need to know is exactly where to find financing programs that can help you finance your nursing school.

According to AllNursingSchool.com, here are the different programs you can choose from to help finance your nursing school:

Grants

Most students will agree that getting a grant is the smartest way to successfully finance your nursing school because the money is “FREE” for you to use – you do not have to pay back grant money. With more than one thousand federal grant programs in the United States that is valued at over $400 billion, obtaining a grant can assist you in saving hundreds or thousands on nursing school tuition and other expenses. You will need to put in a lot of effort and time in order to secure a grant, but the time and energy you invest will eventually pay off in the end. Most times, schools will automatically consider you for grant when you fill out a FAFSA and apply to a nursing school.

Scholarship

Nursing scholarships are known to be quite competitive, but you do not have to pay back a scholarship as well; this is no doubt a superb way to help finance your nursing education. A few nursing scholarships may have a couple of restriction like applying to a particular course of study or get involved in a group or organization. For example, students who are pursuing a master’s degree, a doctorate degree or a post-master’s certificate can apply to get the Oncology Nursing Society scholarship. A couple of the best scholarship resources might include the following:

•Generous individuals
•Religious organizations
•Philanthropic foundations
•Small businesses
•Public and private schools
•Large corporations
•Community groups

Work-Study Programs

Students can get financing from work-study programs by simply working in an on-campus job(s), assisting teachers, or community related work. Work-study awards basically depend on certain factors like school funding availability and financial need. Most times a student selects a work-study program that is related to their particular field, which will not only help them finance their nursing education, but also provide them with some experience that they can add to their resume.

Student Loan

Although most people do not want to take out a loan, but the truth is that student loans are a good investment in one’s future. Student loans are known to have low interest rates, and this makes it easier for students to pay back. Loan repayment starts six month upon graduation from nursing school. If this does not workout, social trading is another great and viable option.

Private Loans

Another kind of student loan is known as the “private” loan. These types of loans offer higher limits and no payments until the student graduates. However, interest begins to accrue right away after the loan has been distributed. A private student loan can be made out to either a student or his or her parents.