There are a number of ways to fund nursing school. You can take out federal and private loans and may qualify for grants and scholarships.
Scholarships
Scholarships are grants and do not have to be repaid. Some nursing programs award scholarships to students who meet certain (high) academic criteria. You can research to find the best scholarships to meet your needs with this tool to quickly identify options.
Grants
Grants can be given at the local, state, and federal levels by nonprofit organizations and private institutions. Like scholarships, they are free money you don’t have to repay.
Many grants come with academic or other performance criteria to qualify. Others may be needs-based according to your income.
Student loans (FAFSA/Private)
Student loans and other private loans pay for the bulk of most nursing students’ schooling. To determine how much you qualify for in federal student loans, you must complete theFree Application for Federal Student Aid (FAFSA) form. When you complete the FAFSA form, you’ll automatically receive information about state and federal grant programs for which you qualify.
https://studentaid.gov/h/apply-for-aid/fafsa
Private loans are often obtained through banks. Make sure to pay attention to interest rates so when it comes time to repay the loan, you won’t be paying a hefty fee.
Student loan forgiveness
Other than preparing you for a rewarding career, another benefit of attending nursing school is that it gives you the chance to take advantage of several student loan forgiveness programs. Nurses have more resources than most when it comes to these programs, with federal initiatives that grant students up to tens of thousands of dollars.