Student loans nursing programs

Department of Education accredits it. Deadline Extended Apply now through January 27, , p. You are a: Licensed registered nurse; Advanced practice registered nurse, such as a nurse practitioner; or Nurse faculty member with qualifying nursing debt. You received your nursing education from an accredited school of nursing located in a U. How do I apply? Make sure the application cycle is open. The federal government is the typical go-to for student loan funding. Your financial need and level of education directly impact your eligibility.

However, there are various types of federal students loans for nurses, including:. If your chosen university or college participates, you will apply directly through the school.

There are two low-cost options to consider:. These typically come with higher interest rates and application and processing fees.

Additionally, many have financial penalties for early repayment. Keep in mind that criteria and applications vary by lender, but most are primarily looking for a good credit score.

There are many individual scholarships for nurses, but finding the one you are eligible for and that suits your individual needs can be a challenge. You might be wondering if all nursing students are eligible for financial aid. The short answer is yes, but the aid you qualify for depends on your situation. For instance, certain Federal and HRSA loans are typically awarded based on financial need and may be reserved for economically disadvantaged nursing students.

Obtaining a student loan is often easier than repaying one. If you find yourself struggling to keep up with your payments after graduation, here are a few loan forgiveness programs for nurses to consider:. This is a good option if you have multiple lenders with high-interest rates, as you can consolidate your loans into one monthly payment, often with a lower interest rate. However, keep in mind that there may be credit score requirements and fees to complete the refinancing process.

Following employment with Ballad Health as a newly graduated registered nurse or licensed practical nurse, payments made toward student loan balances will proceed as follows:. Ballad Health also offers a scholarship program to assist students financially once they are accepted into a nursing program.

The program helps pay the cost of your tuition with the agreement that you work for Ballad Health after your graduation. Your work commitment is based on the amount of money you receive in financial assistance.

Apply now.