Paying for Nursing School Doesn’t Have to Be Overwhelming

Nursing School Financial AidYou have options when it comes to financing your nursing degree in Utica College’s accelerated nursing program in New York, and it can be hard to know where to start. Here are five key steps to the financial aid process at Utica College.

STEP 1: COMPLETE A FAFSA.

Every student, no matter where you go to school, has to complete a Free Application for Federal Student Aid (FAFSA) to be considered for federal assistance. The FAFSA determines your eligibility for any type of federal aid, including federal direct Stafford loans and federal direct PLUS (Parent Loan for Undergraduate Dependent Students) loans. Students must file a new FAFSA each academic year.

To complete the form online, go to www.fafsa.ed.gov. Be sure to include Utica’s code: 002883.

STEP 2: REVIEW YOUR SAR.

Your Student Aid Report (SAR) provides basic information about your eligibility for federal student aid. It also contains the answers you gave on your FAFSA. The school(s) you listed on the form will use this information to determine your eligibility for financial aid, so review your SAR carefully to make sure it’s correct and complete.

For more about your SAR, go to http://studentaid.ed.gov/fafsa/next-steps/student-aid-report.

STEP 3: FILL OUT A TUITION ASSISTANCE PROGRAM (TAP) FORM.

If you live in New York State, you’ll want to fill out a Tuition Assistance Program (TAP) form. TAP is intended to offset tuition costs at New York colleges and schools. To be eligible, you must be a New York State resident for 12 consecutive months before your intended start term and attend an eligible school or college located in New York State.

For more information and to access the application, visit www.tapweb.org.

STEP 4: RESEARCH PAYMENT OPTIONS.

The Accelerated Second Degree Nursing Program at Utica results in a bachelor’s degree. Therefore, you are still bound to the loan limits of your first undergraduate degree. If you have not reached your aggregate limit, you may be eligible to use federal Stafford loans to cover part of your balance. You may also investigate loans from private lending institutions or your local credit union. Another option often overlooked by second-degree students is scholarship money, which doesn’t have to be repaid.

If you do not wish to borrow funds for your education, or you have a remaining balance due after your loans are considered, you may enroll in Utica’s payment plan. Once you’re admitted to Utica, you can sign up for the payment plan through your student account.

For more on your financing options, review the information found here.

STEP 5: MAKE YOUR PAYMENT ARRANGEMENTS.

However you decide to finance your education, be sure to make any necessary arrangements for submitting payment to the Office of Student Financial Services. Full payment or payment arrangements are due four business days before classes begin. For students enrolled in Utica’s payment plan, the first payment is due four business days before classes begin each term payments due approximately every four weeks.

Visit AcceleratedNursing.Utica.edu or contact Utica’s Office of Student Financial Services. We are here to help you!

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