Online LPN to BSN Programs with Financial Aid: An Inside Look
If you’re an LPN looking to advance your career by becoming a registered nurse, then LPN to BSN programs are an ideal fit. The only problem? These programs average $12,000 to $55,000 to attend. In this guide, we’ll help you find programs that can help cover costs, and we’ll highlight schools with outstanding financial aid programs. Learn about the major types of aid and what to expect as a BSN student.
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Inside LPN to BSN Bridge Programs with Financial Aid
So you’ve already started your LPN career and you’re looking into becoming a registered nurse but one of the biggest hurdles you face is the cost. Choosing an affordable online RN program is one way to save money. Another way for LPN to BSN students to make their degree more affordable is through financial aid.
First, you’ll need to qualify by meeting requirements for each type of aid and follow application requirements. Colleges and universities, private institutions, and the federal government all offer multiple types of financial aid, and the rules of applying for aid and accepting offers can be overwhelming. This guide is for students like you who want to find resources to cover education costs, including schools that accept or offer financial aid, qualifying for nursing scholarships, grants, student loans, or other means outlined below.
Chamberlain University
Chamberlain University’s LPN to BSN has several scholarship and financial aid opportunities. For example, the Excellence in Education scholarship is available for students with exceptional academic scores. Other financial aid options include special tuition rates for military members and Chamberlain alumni and federal work-study programs. If you already work at a healthcare facility, check to see if it’s one of Chamberlain’s 4,500 healthcare and educational institution, college, and association partner locations for special tuition rates.
FIND PROGRAMS NEAR YOU:
North Dakota State University
North Dakota State University offers a hybrid LPN to BSN track with a wealth of financial aid options, including tuition waivers, scholarships, and grants. Tuition waivers are offered to first-year students meeting minimum ACT/SAT and/or GPA requirements, students who meet cultural diversity qualifications from specific underrepresented groups, or students in various public service careers. While the FAFSA is required for need-based scholarships and the North Dakota State Grant, it’s not needed to be considered for merit-based scholarships.
Saint Martin’s University
The LPN to BSN program at Saint Martin’s University can be completed in two years. Saint Martin’s recently received $3.5 million for nursing labs and scholarships, as well as an award of over $2 million in 2021 to increase the number of nursing students from disadvantaged backgrounds pursuing bachelor’s degrees in nursing. The grant also provides financial aid and student support for nursing students.
Saint Martin’s also offers merit-based scholarships for new and transfer students and several private scholarships. If you wish to apply for additional need-based aid, consider filling out the Washington Application for State Financial Aid (WASFA) along with your Free Application for Federal Student Aid (FAFSA).
Checklist: How to Maximize Financial Aid Packages
Getting financial aid to help pay for your LPN to BSN program can give you a huge advantage. However, there are many different requirements unique to various online financial aid opportunities. So, we’ve created the list below to help you stay on top of the application and acceptance process.
Complete the FAFSA Early
The FAFSA application opens on October 1 every year to collect students’ personal and family financial information for the following school year. Fill it out as early as possible since almost all types of federal, state, and school funding will want to see it and much aid is available on a first-come, first-served basis.
Review Eligibility Criteria and Requirements
Most financial aid opportunities have some kind of eligibility requirements. As you’re applying for scholarships and grants, be sure you know who the scholarship/grant is for such as certain minorities, what you need to do, such as complete service hours, and what you need to submit, such as a personal essay.
Check Deadlines and Apply Early
Know and keep track of important deadlines, like those for the FAFSA application, your school’s scholarship application, and individual scholarships/grants you’re interested in applying for. Most institutions do not accept submissions after their stated deadline. Consider keeping a calendar with all the LPN to BSN financial aid deadlines that apply to you.
Gather All Necessary Documents
Various documents will need to be curated for the financial aid applications you complete. Consider having a folder set aside specifically for personal essays, statements of purpose on why you want to attend an LPN to BSN program, transcripts, letters of recommendation, and volunteer records.
Receive Feedback on Supplemental Materials
As you gather materials, ask trusted friends, family members, or mentors to review. They’ll be able to tell you if your purpose is clear, your message is concise, and if everything makes sense. They’ll also be able to help you polish your LPN to BSN submissions so they are easy to understand and error-free.
Review Award Letters
If all goes well, hopefully you’ll receive some award letters. Review each letter carefully to make sure your information is correct and to confirm the process for accepting the aid offered. If you receive many of these, consider keeping a spreadsheet or folder where you can store the award letters for review.
Common Funding Options for LPN to BSN Students
Now that we’ve covered some excellent examples of LPN to BSN programs, let’s talk about how to fund your education. Most students receive at least one kind of financial aid. Financial aid covers more than just student loans — you can also earn money toward your tuition via need- and merit- based programs and work-study arrangements.
Federal Student Aid
Federal student aid is provided by the United States government and can come in the form of federal student loans, grants, or work-study programs. Federal student loans have low interest rates and can be subsidized or unsubsidized. The government pays the interest on subsidized loans until you graduate (and sometimes for a few months afterward.) Unsubsidized loans start accruing interest right away. Fill out the FAFSA application to find out how much you’re eligible to borrow and if you qualify for need-based grants.
Institutional Aid
Federal student aid isn’t the only type of aid available to BSN students. Many schools have their own institutional aid set aside for enrolled students. This aid can come in many forms, like scholarships and grants for aspiring RNs or tuition discounts for healthcare workers and military veterans. Institutional aid is often based on merit, financial need, and/or area of study. Learn more about institutional aid from the financial aid office at each school.
Payment Plans
Payment plans are offered by some schools as a convenient and affordable alternative to taking out student loans. Rather than paying the interest associated with federal and private student loans, you can pay your tuition and fees for the semester or year evenly in a series of installments. With average student loan rates ranging from 3.45%-8.08%, payment plans can represent significant savings over loans.
Scholarships & Grants
LPN to BSN students can benefit from various types of scholarships, including school-wide merit scholarships, need-based scholarships provided by the school, state or federal government aid, and private scholarships. Many colleges will automatically consider you for institutional merit- and need-based scholarships as long as you fill out the FAFSA. Private scholarships often require a personalized submission. Sports organizations also award many scholarships, and there are other financial resources for healthcare students to help as you pursue your medical education.
Examples:
Daughters of the American Revolution Scholarships
- Amount: $2,000-$5,000
- Daughters of the American Revolution offers multiple scholarships for nursing students. Qualifications vary depending on the scholarship; there are multiple awards available based on need, merit, and DAR membership.
- Amount: $3,000
- The Jane Delano Nursing Student Scholarship offered by the American Red Cross honors the memory of the principal organizer of the Red Cross Nursing Service. Multiple scholarships are awarded each year.
