Types of Aid
Financial aid is awarded based on demonstrated Financial
need.
U.S.
citizens are awarded federal student loans, work-study, and scholarship according to federal regulations and school policy.
The School offers Stafford Loans, GradPLUS Loans, Perkins Loans, and Nursing Student Loans to the maximum eligibility the funds allow.
International students are eligible for School scholarship, but not federal student loans.
Part-time students are eligible for loans only.
School of Nursing scholarships
are available to full-time students with demonstrated need beyond federal loans.
Stafford Loans
are available up to a limit of $20,500 per year, of which $8,500 may be subsidized by the federal government.
The subsidized portion is interest free until six months after graduation; the unsubsidized portion accrues interest from the date of disbursement.
Interest rates are fixed at 6.8 percent and borrowers have ten or more years to repay.
Perkins Loans
are awarded to students who have demonstrated need beyond the $20,500 Stafford Loan.
Perkins loans are subsidized while the student is enrolled and for nine months after graduation, but the interest rate is fixed at 5 percent.
A unique feature of the Perkins loan is that a percentage of the loan may be cancelled for each year the student works full-time as a nurse; and after five years, the entire loan is cancelled.
Funds for this loan are limited, so the School policy is to disburse the funds equitably across the eligible population.
Nursing Student Loans
are awarded after Stafford and Perkins loans to a limited number of students with demonstrated need.
The loan is subsidized, interest is 5 percent, and students have ten years to repay.
Work-Study
is a federal student aid program available to U.S.
students with demonstrated need beyond loans.
Awards are usually $1,000 per year for a limited number of students, working on faculty research,
administrative support, or in the School’s Reading Room.
Additional employment is available throughout the University campus.
Students are encouraged to seek outside scholarships from their employer or alma mater, from organizations with which they are affiliated, and via Web site searches.
A list of opportunities is available on the School Web site, nursing.yale.edu/Admissions/financial_aid.html.
Students must inform the Financial Aid Office of any outside support, as awards may need to be revised.
However, revisions begin with loans, not scholarships.
As an alternative to traditional financial aid, a very popular program for family nurse practitioners and nurse-midwives is the National Health Service Corps (NHSC).
This government program was established to encourage graduates to work in under-served areas of the country.
The award provides tuition, fees, and maintenance allowance.
In exchange, one year of employment is required for each year of funding.
Applications are due in late March.
A description of the program is available at www.bhpr.hrsa.gov or by writing to NHSC Scholarship Program, 11300 Rockville Pike, Suite 801, Rockville, MD 20852.
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Financial Aid
General Information &
Application Forms
Program Descriptions &
Course Information
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