Financial Aid & Scholarships

Federal Nursing Loans

These loans are available at a lower rate than the typical unsubsidized Stafford Loans offered to graduate students. Our Office of Financial aid has detailed information about the conditions and how to apply: http://www.plu.edu/financial-aid/types-aid/loans/Nursing-Loan.php

Unsubsidized Stafford Loans (Direct Loans)

Although payments are deferred while you are enrolled at least half-time, unsubsidized loans accumulate interest while you are in school. If you can, it is recommended that you try to pay the interest on these loans while you are in school.

Loan amount: LOAN of $20,500 per year

Deadline: Applicants are considered for this loan when their FAFSA application is being processed. The loan is processed by PLU and disbursed to pay your tuition.

Number of awards: n/a

Criteria: You do not need to demonstrate need to qualify for these loans. Detailed information is available at the Federal student aid website.

Terms of the loan: This loan accumulates interest while you are in school, and when you are in your forbearance “grace period.” It is a loan, so it must be paid back with interest. When you fill out the FAFSA, there is a tool that estimates what your student loan repayment amounts will look like. Detailed information, including current interest rates,  is available at the Federal student aid website.

How to apply:

  • Fill out the Free Application For Student Aid - Please note, the FAFSA must be filled out each year that you are enrolled.
  • Once you receive your PLU award notification, you must log onto PLU’s Secure Area of Banner Web, Financial Aid Services, to Accept or Decline the loan.  Step-by-step instructions can be found on the Student Services Web Page under Graduate Student Checklist.
  • If you choose to accept the loan, you must also “Sign In” to studentloans.gov to complete the required Entrance Counseling and Master Promissory Note.

PLUS Loan (Direct Loans)

Although payments are deferred while you are enrolled at least half-time, unsubsidized loans accumulate interest while you are in school. If you can, it is recommended that you try to pay the interest on these loans while you are in school. These loans differ from Unsubsidized Stafford Loans in that they have a higher interest rate and require a credit check.

Loan amount: LOAN to meet any unmet need up to the total estimated cost of attendance for the program.

Deadline: Applicants are considered for this loan when their FAFSA application is being processed. The loan is processed by PLU and disbursed to pay your tuition.

Number of awards: n/a

Criteria: You do not need to demonstrate need to qualify for these loans. Unlike the Stafford loan, borrowers must pass a credit check. Detailed information is available at the Federal student aid website.

Terms of the loan: This loan accumulates interest while you are in school, and when you are in your forbearance “grace period.” It is a loan, so it must be paid back with interest. When you fill out the FAFSA, there is a tool that estimates what your student loan repayment amounts will look like. Detailed information, including current interest rates,  is available at the Federal student aid website.

How to apply:

  • Fill out the Free Application For Student Aid - Please note, the FAFSA must be filled out each year that you are enrolled.
  • Once you receive your PLU award notification, you must log onto PLU’s Secure Area of Banner Web, Financial Aid Services, to Accept or Decline the loan.  Step-by-step instructions can be found on the Student Services Web Page under Graduate Student Checklist.
  • If you choose to accept the loan, you must also “Sign In” to studentloans.gov to complete the required Entrance Counseling and Master Promissory Note.

The American Association of Colleges of Nursing (AACN)

The AACN website has a  clearinghouse of information about graduate scholarships and loan forgiveness programs for nursing students: http://www.aacn.nche.edu/students/financial-aid#graduate

Go Red Multicultural Scholarship Fund

Macy’s and the American Heart Association are continuing their concerted efforts to increase the number of minority women in medical schools through the Go Red™ Multicultural Scholarship Fund.  For the fourth consecutive year, the partners are offering sixteen $2,500 tuition-focused scholarships for minority women pursuing undergraduate or graduate degrees in healthcare fields.

Amount: $2,500
Number of awards: 16
Deadline: December 31, 2014
Criteria:

  • Be a female of Hispanic,  African-American, Asian/Pacific Islander or other minority origin
  • Be a citizen/permanent resident of the continental United States, including Hawaii and Alaska
  • Be currently enrolled in an accredited college, university or allied health institution in the U.S. and plan to be enrolled in the Fall of 2015
  • Have a minimum 3.0 cumulative GPA
  • Complete an essay and submit two letters of recommendation with the application

How to apply: Visit website for details.

Promise of Nursing Fellowship

The PON Fellowship is awarded by the Foundation of the National Student Nurses’ Association and is  designed to assist RN’s who are preparing for the nurse educator role to achieve their degrees.

Amount: $1000 – $7500 per academic year. May be applied toward tuition, academic fees, and books.
Deadline: Midnight EST March 13, 2015
Criteria:

  • Be a registered nurse holding a baccalaureate degree in nursing; students in RN to BSN or RN to MSN programs are not eligible to apply;
  • Be a US citizen or an Alien with U.S. Permanent Resident Status/ Alien Registration Number;
  • Be enrolled and matriculated in a state approved graduate school in one of the Promise of Nursing regions (see list of eligible zip codes at www.nsna.org – click on Foundation);
  • Currently taking courses and registered for no less than six (6) credits; (in the case of doctoral completion, students who maintain “required continuous enrollment” are also eligible);
  • Attend school in an eligible zip code area and be committed to staying within that region upon completion of their program;
  • Students who live and work as a faculty member in a Promise of Nursing region and are enrolled in an online degree granting program are also eligible;
  • Document academic excellence;
  • Establish financial need;
  • Document the commitment to the nurse educator role and plan to serve in this capacity upon completion of the program.

How to apply:  http://www.forevernursing.org/faculty-fellowship.html

National Health Services Corp loan repayment

The program is open to licensed primary care medical, dental, and mental and behavioral health providers. Awardees receive up to $50,000 in exchange for two-years of service if they practice in a Health Professional Shortage Area (HPSA) of 14 and above (Tier I).  There are many NHSC loan repayment sites in the Puget Sound area.

More details are available on the NHSC website: http://nhsc.hrsa.gov/loanrepayment/index.html

Nurse Corps loan repayment

NURSE Corps Loan Repayment Program sets registered nurses (including advanced practice registered nurses and nursing faculty) on a rewarding career path while paying off 60 percent of their unpaid nursing student loans in just 2 years – and an additional 25 percent of the original balance for an optional third year.

In return, NURSE Corps members fulfilling a service obligation at one of the thousands of eligible nonprofit hospitals, clinics, nursing schools and other facilities located in designated mental health or primary medical care Health Professional Shortage Areas across the U.S.

More details are available on the Nurse Corps website: http://www.hrsa.gov/loanscholarships/repayment/nursing/

Washington State Health Professional Loan Repayment Program

The Health Professional Loan Repayment Program encourages licensed primary care health professionals to serve in critical shortage areas in Washington State. The program provides financial assistance through either conditional scholarships or loan repayment. The loan repayment portion of the program provides educational repayment assistance to licensed primary care health professionals. Applicants agree to provide primary care health care in rural or underserved urban areas with designated shortages.

http://www.wsac.wa.gov/health-professionals

Yellow Ribbon ProgramPLU Graduate Programs are yellow ribbon

Pacific Lutheran University is proud to partner with the United States Department of Veterans Affairs to offer an unlimited number of full-tuition Yellow Ribbon Scholarships to qualified veterans or their dependents.

For detailed information about this benefit and eligibility, see the Department of Veterans Affairs Yellow Ribbon Program FAQ.

For more information about using your post 9/11 GI benefits at PLU, please contact PLU’s Veterans Benefits Coordinator Neshell Henkel Chabot at 800-678-3243, 253-535-7161, or henkelnd@plu.edu.


Vocational Rehab & Other Benefits

At PLU, we are committed to assisting you with getting the most from your benefits. If you qualify for Vocational Rehab, or any other benefits, our dedicated Student Services Coordinator will work with you to help you fill out the paperwork you need for the VA. Please contact Neshell Henkel Chabot at 800-678-3243, 253-535-7161, or henkelnd@plu.edu.