Scholarships for Nursing Students
Types of Nursing Degrees
The type of nursing degree you pursue affects its overall cost. Certificate or associate programs are less expensive than graduate-level programs, but they don't prepare students for careers as registered nurses or nurse practitioners. The following table demonstrates how the five major types of nursing degrees prepare students for different careers.
How Much Does a Nursing Degree Cost?
In addition to the type of degree you pursue, numerous factors affect a program's cost. Many online programs can be completed much more quickly and inexpensively than on-campus degrees. However, some schools offering online degrees are for-profit. These institutions operate like any other business and earn revenue by increasing tuition rates. Nonprofit schools, including public universities, receive federal and private funding, which helps keep tuition rates low and relatively stable. Private colleges can also be nonprofit, but tend to be smaller and much more expensive. Because they receive little government funding, these institutions rely on private contributions and student tuition.
Financing Your Nursing Degree
There are a variety of ways to finance your degree, including nursing scholarships, work-study programs, and private loans. Complete the FAFSA to learn which federal funding you are eligible to receive. Federal loans offer lower interest rates and better repayment options than private loans.
However, scholarships are always the most desirable type of funding, as they do not need to be repaid. Earning multiple scholarships can reduce or eliminate your student debt. Scholarships for nursing students are plentiful, and students should apply for as many as possible to maximize the chances of receiving an award.
Types of Scholarships
With so many options available, researching nursing school scholarships can feel overwhelming. There are scholarships available for every academic field, income level, hobby, and state of residence. Most are awarded based on financial need or academic or athletic merit. Let's look at the types of nursing scholarships you may consider to fund your degree.
These scholarships are awarded to students with exceptional grades or standardized test scores or to those who excel in a particular academic subject. They are among the most commonly offered scholarships for nursing students.