Master of Science in Nursing (MSN) Financial Aid 2017-2018

Nursing students practicing on an infant patient.

MSN

Tuition (per credit hour)*$1,850
Academic Fees (per semester) **$500
Health Insurance***$6,328

* Tuition is based on 2017-2018 tuition rates approved by the Board of Trustees. Future academic year tuition rates are subject to change. Tuition is charged per hour up to 12 semester hours.

** Academic fees will vary based upon the semester. This is an average amount per semester.

*** Health insurance is required for all students. You will be billed automatically for the university’s student health insurance plan if you do not provide proof of adequate coverage by another insurer.

Cost of Attendance

The cost of attendance budget is considered sufficient to support a basic lifestyle for a single student. It does not include expenses for dependents, travel, vacations, or luxury items such as automobiles, household furniture, or appliances. The estimated cost of attendance for 2017-2018 for a full time (12+ semester hours) MSN student enrolled for fall, spring and summer semesters is $100,552. This is not the amount you will owe. The cost of attendance is not the amount you will pay for the year. The cost of attendance is the budget used to determine the financial aid amount offered each year and is more than a student's full time tuition and fees to provide assistance for living expenses if needed.

Accelerated BSN students who already have an undergraduate degree in a non-nursing-related area, and are pursuing a career as an advanced practice nurse, may be eligible for student loans through federal or private sources.

Free Application for Federal Student Aid (FAFSA)

Students will need to complete the 2016-2107 Free Application for Federal Student Aid (FAFSA) to determine their eligibility for federal and state-specific scholarships. Use the IRS retrieval feature, if possible, to save time. If you have not applied for federal financial aid before, you will need to create a Federal Student Aid (FSA) ID. You will also need Emory University’s Federal School Code to complete the form: 001564.

Please note that the FAFSA may take into account parental income and potential support regardless of whether your parents will indeed be helping to finance your education. The Department of Education lists several questions that will help students determine whether they will be considered a dependent or independent student. Some of the factors that will lead to a verdict of “independent status” (which means that parental data does not need to be included, nor will it be factored in) include: age, married status, graduate work, and military experience.

Fall 2018-Summer 2019 semesters

  • Forms to complete: 2018-2019 FAFSA
  • Tax Return Year: 2016
  • Form Available: October 2017-June 2019
  • Preferred Submission Deadline: November 15, 2017
  • Notes: Parental data is not required

Fall 2019 semester

  • Forms to complete: 2019-2020 FAFSA
  • Tax Return Year: 2017
  • Form Available: October 2018-June 2020
  • Preferred Submission Deadline: May 1, 2019
  • Notes: Parental data is not required

Scholarships

A wide range of scholarships and fellowship opportunities are available to help reduce the cost of students’ nursing education. Scholarships are funds that do not have to be repaid. All admitted students are evaluated for merit scholarships. To learn more about other available scholarship opportunities, visit the School of Nursing’s web site.  

Federal Student Loans

Federal Stafford Loans student loans are available for graduate students. The current lifetime loan limit is $138,500 for graduates. If a student has already borrowed this amount, he or she would not be able to borrow more for a graduate degree through the Stafford program. Because these funds must be repaid, exhaust all other sources of aid first and borrow only what is absolutely necessary. The types of federal loans available are listed below.

Unsubsidized Direct Loan

If you do not demonstrate financial need, you may borrow an unsubsidized loan. Unsubsidized loan interest accrues from the time the loan is disbursed until it is paid in full. Interest may be paid while you are enrolled in school or allowed to accrue. Accrued interest will be capitalized; meaning it will be added to the principal amount of the loan when it enters repayment. Repayment of principal and interest begins six months after you are no longer enrolled at least part-time.

Graduate PLUS Loans

Graduate students are eligible for a Graduate PLUS loan to assist with costs beyond what can be covered through the unsubsidized Stafford loan program. Before borrowing the graduate PLUS loan, students should first borrow the maximum amount through the unsubsidized Stafford loan program. The Graduate PLUS loan does require credit check approval by the Department of Education to receive the funds.

Loan terms and loan limits for each program are listed below:

ProgramEligibilityInterest Rate1Loan Origination Fees2Annual LimitAggregate
Subsidized Direct Loan3Half-time Undergraduate3.76%1.069%up to $5,500$23,000
Unsubsidized
direct loan
Half-time
Dependent
Undergraduate
3.76%
Interest
accrues while
enrolled
1.069%Up to $7,500
No more than
$5,500 can be
in subsidized
loans
$31,000
including
$23,000 in
subsidized
loans
Half-time
Independent
Undergraduate
3.76%
Interest
accrues while
enrolled
1.069%Up to $12,500-
no more than
$5,500 can be
in subsidized
loans
$57,500
including
$23,000 in
subsidized
loans
Half-time
Graduate
5.31%
Interest
accrues while
enrolled
1.069%up to $20,500$138,000
including
$65,000 in
previous
subsidized
loans
Direct Graduate Plus LoanHalf-time
Graduate
6.31%
Interest
accrues while
enrolled
4.276%up to cost of attendance, less other aid receivedNone

1Loans first disbursed on or after 7/1/15 and before 7/1/16.
2Direct Loan program charges a loan fee as a percentage of the loan principal. The loan origination fees shown above are for loans disbursed on or after 10/1/15 and before 10/1/16.
3Graduate students are ineligible for subsidized Direct Loans.
4Direct PLUS loans are approved by the Department of Education based upon the credit worthiness of the borrower. Generally, loans enter repayment within 60 days of the full disbursement of the loan proceeds. However, borrowers may request a deferm

Private Supplemental Loans

Summer Aid

Annual loan limits cap the total amount of Federal Direct Loans a student can receive during one academic year (generally fall/spring/summer). Students who have received full-time Stafford Loans in the fall and spring, will not have federal student loans available to them for the summer session. Students needing assistance can pursue private supplemental loans to offset the difference in their financial aid. Student and professional nursing organizations, the Georgia Student Finance Commission, as well Health Resources and Services Administration (HRSA) Nurse Corps programs have scholarships available for all nursing programs. Companies such as CVS MinuteClinic and Johnson & Johnson and Tylenol also offer generous scholarships for nursing students. Other opportunities are listed on the School of Nursing web site. 

Private Scholarships

Private scholarships for college students are offered each year by various corporate, professional, trade, government, civic, religious, social, and fraternal organizations. These scholarships can range in amount from small honorariums to thousands of dollars. To be considered, students must meet the eligibility criteria specified by the donor and complete the donor's scholarship application. Searching for and applying for a scholarship is a time-consuming process, so it is a good idea to start as early as possible.

It can take several weeks to process a financial aid application. We encourage you to complete and submit financial aid application early. After your application materials have been reviewed and processed, you will receive an email from the Office of Financial Aid to your @emory.edu address, notifying you that your Award Notice is available on OPUS. See the table below for financial aid release dates.

ABSN, AMSN, BSN, MSN, DNP open July 1, 2017
Application DeadlineDecision ReleaseMerit Based Scholarships ReleasedNeed Based Financial Aid Released*
October 15, 2017

November 15, 2017

December 15, 2017

December 15, 2017

December 15, 2017

January 15, 2018

February 1, 2018

February 15, 2018

January 15, 2018

February 15, 2018

n/aMarch 15, 2018
March 15, 2018April 15, 2018n/arolling

For questions or to discuss your financial aid package contact the Emory Office of Financial Aid.

By Student Last NameFinancial Aid Advisors
A – GKymberly Dentkdent@emory.edu
H – PStacey Collierscoll27@emory.edu
Q – ZJennifer Lylesjlyles@emory.edu
Associate DirectorCindy Gershmancgershm@emory.edu