Paying for Nursing School and Financial Aid

Going back to school to pursue a second degree in nursing is an investment in your future. While earning a Bachelor of Science in Nursing (BSN) degree is a move that will likely come with a comfortable salary and job security, it also requires significant financial planning. Students in second-degree programs typically do not qualify for federal, state, or university grants/scholarships.

You may, however, be eligible for a federal or private loan—and possibly a third-party scholarship. Our Office of Student Financial Assistance can help you identify the best options for financing your Xavier nursing education.

Federal Direct Loans

Given the various low-interest loan options available through the U.S. Department of Education, we encourage you, no matter your income level, to apply for financial aid by submitting a Free Application for Federal Student Aid (FAFSA) — it’s the only way to know what type of loan you’re qualified to receive.

Private Loans

Federal student aid may not cover the total cost of attending our ABSN program. Therefore, it’s a good idea to research private lenders, such as banks or credit unions, and try to borrow from an institution with low-interest rates and good terms. Keep in mind that you may need a co-signer on a private loan.

Third-Party Scholarships

There may be third-party scholarships that could help offset your nursing school costs. The Nurse Education Assistance Loan Program (NEALP), for example, provides financial assistance to Ohio students enrolled for at least half-time study in an approved Ohio pre-licensure nurse education program.