Find out more about second bachelors degree in nursing, online nursing degree, online bachelors degree in nursing, how to pay for a second bachelors degree in nursing, paying for college while working, paying for college while working full time on careerkeg.com.
The cost of a second bachelors degree in nursing is not cheap. It can often cost tens of thousands of dollars to complete the program depending on the institution you choose. Considering this, it’s important to assess funding options early on into your college career. You’ll want to seek out as many grants, scholarships, and other types of aid as possible. Here’s how to pay for a second bachelors degree in nursing.
There are many reasons to pursue a second bachelor’s degree in nursing. You may want to earn more money, or you may have found that your current job doesn’t fully utilize your talents. Whatever the reason, earning a second bachelor’s degree in nursing can be incredibly rewarding, both personally and financially.
One common question about paying for a second bachelors degree in nursing is whether or not you’ll be eligible for financial aid. The answer? Yes! In fact, most schools don’t require that you have already earned an undergraduate degree to qualify for federal student loans.
However, there are some things you’ll need to do before applying for federal student loans: You’ll need to apply for admission at the school where you want to study—and once accepted, you can apply directly with them for aid. If they do not offer federal aid as part of their program, then check out our list of other options below!
If this sounds like something that would interest you and could help make your dreams come true by earning a second bachelor’s degree in nursing? Scroll down!
How to pay for a second bachelors degree in nursing
Contact the Financial Aid Office at your school
Once you’ve figured out which nursing program you want to attend, contact the financial aid office at your school of choice. They can help you with federal student aid, grants and scholarships as well as other financial aid options. The financial aid office will also be able to guide you through the process of applying for student loans and work out a payment plan if necessary.
Consider a new student loan
If you haven’t already, consider a new student loan. Federal loans are issued directly by the government and do not require an application process or cosigner, but they come with higher interest rates and repayment terms that are hard to negotiate. Private loans, on the other hand, can be taken out with any number of companies at competitive rates—as long as you have good credit and/or can get a cosigner who has good credit.
- Federal vs Private Student Loans: Which is right for me?
Federal student loans are more likely to offer more flexible terms than private ones (for example, longer repayment periods). However, they also tend to come with higher interest rates and may require an origination fee (which could be up to several hundred dollars). To determine which type of loan is best for your situation:
Take out private student loans that are available to non-traditional students
Private student loans are a great option for non-traditional students who need to fund their second degree. Unlike federal student loans, private student loans can be used to pay for any higher education expenses, including tuition and fees, room and board, books and supplies, transportation costs and other school-related costs.
The interest rate on private student loans is usually higher than the interest rate on federal student loans—and there are fewer repayment options. But if you’re able to afford it, paying off your loan early could save you money in the long run by reducing your total amount due over time. Because these debts aren’t typically forgiven or discharged through bankruptcy (like federal ones are), they can be especially helpful in building up credit history if they’re repaid responsibly over time.
Look into grants and scholarships for adults without a degree
In addition to federal aid, there are other resources that you can use to help defray the cost of your education.
Scholarships and grants can be used to pay for school but do not need to be repaid. These types of financial aid are often available through community organizations and private companies, as well as colleges, universities, and vocational schools. You may also qualify for scholarships if you have an existing degree in nursing or another field; many scholarships require applicants to be members of a specific ethnic or racial group; or have certain characteristics such as being a single mother or having special needs. Here are some examples of organizations that offer scholarships specifically targeted at non-traditional students:
- The American Association Of University Women (AAUW) has several fellowships open exclusively for women who wish to pursue higher education opportunities related to science, technology engineering and mathematics (STEM). Scholarships range from $1000-$5000 per year depending on need level and availability—you must apply through the American Association Of University Women website by January 15th each year in order receive consideration by March 1st at which point winners will be notified by email about their status.*
Use up remaining options for federal student aid
If you have any remaining federal student aid eligibility when you finish your first degree, it can be used to pay for your second. However, this may not be enough to cover the full cost of the second degree (you’ll likely need more than just federal loans), so take into account the other options listed below.
Seek out financial aid for nontraditional students
- Seek out financial aid for nontraditional students
If you’re an adult returning to school, you may be eligible for special grants and scholarships. There are also low-interest loans available through the federal government, as well as state-run loan programs. You can find these resources through your school’s financial aid office or by calling your state’s Department of Education.
Work part time
If you need to earn some extra cash, working part time could be the answer. While in school, you can work up to 20 hours a week and still receive financial aid benefits. However, this doesn’t include on-campus jobs. If you want to work on campus as an undergraduate or graduate student, make sure it’s through one of the university’s work study programs.
If you don’t have time for a job during school (or if your schedule is too busy), take out a loan instead. You’ll have more free time once classes are finished and there are no exams or papers due!
While it can seem daunting, there are many ways to pay for your education.
If you’re looking to pay for a second bachelors degree in nursing, there are many options. You can use federal student loans if you’ve already borrowed in the past and want to enroll at an eligible school. Private loans are also available and may be more flexible than federal ones when it comes to repayment plans and loan forgiveness programs. Grants and scholarships might help offset your costs as well; these are typically awarded based on financial need or academic achievement, so check out what’s available from your college, state or federal government before applying for any type of aid. You could also consider working part-time while enrolled at school (or even during summer break) so that you can afford tuition without having to take out additional loans.
If none of these ideas seem feasible for your situation – perhaps because you don’t have good credit history or aren’t able to work full time – then consider alternative ways for paying off debt like consolidating multiple debts into one payment with lower interest rates than those offered by creditors directly involved with those debts (which would otherwise make it difficult just paying back quickly enough). While some companies offer assistance through their websites’ blogs section by explaining how they help customers manage their finances better overall – this isn’t something they normally advertise because they’re hoping people will spend more money instead!
