RN Student Scholarships, Grants and Loans

Nursing students pursuing an RN program have a fair number of financial aid options available to them. These include some very attractive “free money” packages in the form of scholarships and grants. Loans too are available to deserving candidates – you may eligible for subsidized or unsubsidized loans, both come at attractive rates of interest and are offered by a number of entities including the federal government and private lending institutions.

Remember that financial aid is not just subject-specific or course-specific, there are sundry other criteria that you could be eligible for and you should be aware of these. For example, there are many organizations that bolster students from minority communities such as African-Americans, American-Indians, and Asian-Americans. Kin of military personnel are eligible for scholarships and grants offered by the defense department. Check if students in your college are eligible for state-sponsored grants and scholarships. These are often a good source of education money as there is less competition at the state level and also because the number of colleges participating in the various financial aid schemes is not very high.

The Nursing Education Loan Repayment Program aims to help reduce the shortage of registered nurses felt particularly by the non-profit healthcare facilities. The program covers 60% of the total nursing education loan balance in return for two years of service. The award is in the form of a loan.

The Nursing Incentive Program offered by the State of Delaware is open to legal residents of Delaware who are pursuing a full-time course in an accredited program leading to certification as an RN or LPN.

The National Society of Colonial Dames of America offers the American Indian Nurse Scholarship Awards. The awards are meant to encourage the students to finish their nursing education and return back to their people to serve them.

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