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Department of Nursing and Rehabilitation Sciences
Member, Texas Tech University System The Princeton Review - 373 Best Colleges, 2011 Edition

Financial Aid for Master of Science in Nursing (M.S.N.) Students

While a graduate degree is a wise investment for your future, we realize that many expenses, including tuition, fees and books, are associated with a graduate education. Several programs are available at ASU to assist you in financing your graduate studies.

Financial Assistance Through the College of Graduate Studies

For information related to Carr Graduate Scholarships and Graduate Assistantships/Teaching Assistantships, visit the ASU Graduate Financial Aid Web page.

Financial Assistance Through the Financial Aid Office

For information on grants, loans and other federal programs, visit the ASU Financial Aid website.

Financial Assistance Through the Nursing Program

To be considered for financial assistance through the nursing program, you must have been accepted to both the College of Graduate Studies and the nursing program. Below are details about a variety of programs available to M.S.N. students.

Advanced Education Nursing Traineeship Program (AENP)

A traineeship will pay all or part of the costs of the tuition, books and fees of a program of advanced nursing education – and the reasonable living expenses of the student during the period for which the traineeship is provided.

The number of available traineeships varies depending on the total amount of funding received by the Department of Nursing and Rehabilitation Sciences for the program, the number of hours a student is enrolled in per semester, and the number of students applying for traineeships.

Under the AENP, support is limited to a maximum period of 36 months. Support for part-time study is limited to a maximum period of 12 months for students completing their last year of study.

Students must apply/reapply for a traineeship at least four weeks prior to each long semester. Students receiving a traineeship will be required to reimburse the university if they withdraw from the graduate program.

To apply for a traineeship, complete the Graduate Nursing Financial Aid Application and submit it to the Department of Nursing and Rehabilitation Sciences. The department head and graduate advisor will make final decisions on traineeship recipients.

Nurse Faculty Loan Program (NFLP)

The Nurse Faculty Loan Program (NFLP) is funded by the Health Resources and Services Administration (HRSA) Bureau of Health Professions, which allows nursing schools to make low-interest loans to their students who are enrolled full time in advanced degree nursing programs, and who intend to teach in a nursing program after graduation.

An NFLP loan can cover the cost of tuition, fees, books, lab expenses and other reasonable direct educational expenses. Loan recipients who complete the M.S.N. Nurse Educator Option may cancel up to 85 percent of the loan in exchange for service as full-time faculty at a school of nursing. To be eligible to receive an NFLP loan, a borrower must:

  • Be a U.S. citizen or national of the U.S.
  • Be either a full-time or part-time student in good standing in an advanced nursing education program at ASU
  • Have no judgment liens entered against him/her based on the default on a federal debt, 28 U.S.C. 3201 (e)

To apply for an NFLP loan, complete these steps:

The department head and graduate advisor will make the final decision on loan recipients.

NFLP Form Packet Information
Name of form Completion period Send to
Promissory Note Fill out each academic year ASU Office of Financial Aid
Fax: (325) 942-2082
Rights and Responsibilities Fill out each academic year ASU Office of Financial Aid
Fax: (325) 942-2082
Employment Certification Complete after graduation ASU Office of Student Accounts
ASU Station #11046  
San Angelo, Texas 76909-1046
Partial Cancellation of Loan Complete after graduation ASU Office of Student Accounts
ASU Station #11046
San Angelo, Texas 76909-1046
Disability Checklist Complete only if needed ASU Office of Student Accounts
ASU Station #11046
San Angelo, Texas 76909-1046
Postponement of Payment Complete only if needed ASU Office of Student Accounts
ASU Station #11046
San Angelo, Texas 76909-1046
Deferment Status Complete only if needed ASU Office of Student Accounts
ASU Station #11046
San Angelo, Texas 76909-1046
Exit Interview Complete at the end of each academic year ASU Office of Financial Aid
Fax: (325) 942-2082
Forbearance of Loan Complete only if needed ASU Office of Student Accounts
ASU Station #11046
San Angelo, Texas 76909-1046

Shannon Medical Center/Boelsche Graduate Scholarships

Graduate nursing students enrolled in the Clinical Nurse Specialist Option who demonstrate academic excellence and professional behavior may apply for scholarship money from Shannon Medical Center, when available.

Application Procedure:

  • Complete the Graduate Nursing Financial Aid Application and submit it to the Department of Nursing and Rehabilitation Sciences at least four weeks prior to the beginning of the fall semester.
  • The M.S.N. advisor will initiate discussion of possible candidates at a faculty meeting in late spring after the deadline for submission of applications.
  • Faculty will agree on a priority list of candidates who have demonstrated academic excellence and professional behaviors. Criteria for selection will be the following:
  • Minimum 3.0 GPA
  • Need/financial hardship
  • Course load of six hours or more
  • Demonstrated involvement in department and other volunteer/professional activities

Students selected will receive one-half of the money for the fall semester and the remainder for the spring semester, as long as progression requirements have been met. E-mail inquiries about the scholarships to Dr. Molly Walker at molly.walker@angelo.edu.