Congratulations, you’ve decided to begin an online nursing program and you’re relieved to have finally come to a decision. A nursing degree is in high demand and comes with the strong satisfaction of helping others, so you should be feeling good about the decision. Then the consideration comes in, how are you going to pay for school?
Like any other degree, online nursing programs come with a lot of different options for making your way through the expensive schooling. Some of the options to consider are:
- Grants – This is a particularly smart route
if availableto you. Grants are essentially “free” money. They do not haveto be paid back and there are more than a thousand available in the United States. Grants can range anywhere from a few hundred to thousandsof dollars.
- Scholarships – Like grants, a scholarship
does nothave to be paid back but they can be more difficult to acquire. Oftentimes you will have to apply for a scholarship and as others are doingthe same, they can become very competitive and you may not meet the requirementsfor all of them as they often apply to specific courses of studyor involvement. Scholarships can be offered from many places including, religious organizations, schools, businesses, community groups, individuals, and philanthropic foundations.
- Work-study – These are jobs usually
offered on-campusfor students to work and finance their schooling. Often these willbe positions in your field of study and will also help to build experience.
- Loan forgiveness – Offered to help students
pay backcollege loans as they work in their career setting. These are helpful becauseyou can gain experience, get paid and get reimbursed towards your loan. Loan forgiveness is mostly offered in areas of the country thathave a shortage in your career. Click here.
One of the other but far less enticing options is a loan for your online nursing program. Loans to have to be paid back but can be considered an investment towards your future. To offer some relief, college loans have lower interest rates so they are easier to pay back and repayment does not begin until 6 months after your graduation.