Nursing School Loans

Nursing Student Aid is a premier provider of Nursing school loans, consolidation programs, and information and resources for Nursing students, graduates and health professionals. Our Nursing student loan advisers will help guide you through finding the best loan programs for your unique needs. Apply for federal and private loans, consolidation, residency loans, and board exam loans through our quick and easy online application process. Find Nursing career information and loan counseling within the site along with other helpful resources to aid those considering a Nursing degree.

Our Nursing Student Loan Advisers can help answer any questions you may have and help you through the application process.

Nursing Student Debt

Nursing education debt is driven by rising tuition. In the last 20 years, the median private Nursing school tuition and fees has increased by 50%, while the public Nursing school tuition and fees increased by 133% over the same time period. The upward costs of Nursing Education Debt and Tuition are both rising faster than inflation. Below are some additional statistics on Nursing students and their debt”

$130,571 - According to the Association of American Nursing Colleges, this number reflect the average educational debt of indebted graduates of the class of 2006 (including pre-med borrowing).
8.5% increase in debt over 2006.
72% of graduates have debt of at least $100,000
86.6% of graduating Nursing students carry outstanding loans

Other sources of Nursing education debt not related to tuition include:

Interest accrued on loans over time
Students now entering Nursing school with more education debt from undergraduate education
Increasing numbers of "non-traditional" students who have children to support

Debt Crisis Harms Both Students and Patients

The increase in debt takes its toll not only on Nursing students, but on the entire health care system. Some of correlations found include:

Decrease in primary care physicians

Students with high debt are less likely to pursue family practice and primary care specialties. They typically seek specialties with higher income or more leisure time.

Decreased diversity of physician workforce

The cost of tuition can prevent students from low-income/minority and those with other financial responsibilities from attending Nursing school
Physician diversity is necessary to address the needs of heterogeneous, multicultural patient populations

Promoting unsafe physician behaviors

Residents with high debt are more likely to have fatigue and stress

Increases fatigue and may contribute to Nursing errors

Increasing debt leads to more cynicism and depression among residents

Student Loan Consolidation

Being a health professional or having a Nursing degree certainly carries its rewards, and managing the flexibility of your payments should be considered by consolidating your student loans.

By consolidating your student loans or refinancing your educational debt you can lift the burden of high monthly payments while you work your way to a more comfortable future. Besides being simple to do, your repayment terms can be up to 30 years instead of 10, a single payment with a low fixed rate, no out-of-pocket costs and no prepayment penalties.

If you are interested in applying for any Nursing school loan programs such as consolidation loans, private or alternative loans, Nursing board exam loans, residency loans, or federal student loans, such as Stafford, PLUS and GradPlus programs, click the "Apply Now" link below.

Our Nursing Student Loan Advisers can help answer any questions you may have and help you through the application process.