Section 1.6

Financial Aid & Scholarships

FAFSA, scholarships, loan forgiveness programs, and tuition reimbursement — your options for funding nursing school.

FAFSA Basics

File FAFSA every year at studentaid.gov. Opens October 1 for the following academic year. Filing early maximizes your aid package.

  • Use your (or parent's) prior-year tax return
  • List all schools you're applying to
  • Independent status if 24+ or married
  • Pell Grants don't need to be repaid
  • Subsidized loans: interest doesn't accrue while in school

Nursing-Specific Aid

Nursing has unique funding sources beyond standard financial aid.

  • School-based nursing scholarships (ask your financial aid office)
  • State nursing workforce scholarships (check your BON website)
  • HRSA Scholarships for Disadvantaged Students
  • Indian Health Service Scholarship
  • Professional nursing organization scholarships (ANA, NLN, NSNA)
  • Hospital-sponsored scholarships with employment commitments

Loan Forgiveness & Repayment Programs

These programs can eliminate significant loan debt in exchange for service commitments.

NHSC Loan Repayment Program

Up to $50K (2-year commitment)

Work in a Health Professional Shortage Area (HPSA). Available for NPs and RNs in some states.

Nurse Corps Loan Repayment

Up to 85% of loans (2–3 years)

HRSA program for nurses working in critical shortage facilities. Highly competitive.

Public Service Loan Forgiveness (PSLF)

Full forgiveness after 10 years

Work full-time for a qualifying employer (most hospitals, non-profits). Make 120 qualifying payments.

State-Based Programs

Varies by state ($3K–$30K+)

Many states offer forgiveness for nurses working in underserved areas. Check your state health department.

Hospital Tuition Reimbursement

Varies ($2K–$10K/yr)

Many hospitals offer reimbursement for employees pursuing nursing degrees. Often requires a service commitment.