Call Us Today : 314-577-5850
Financial Aid - Financial Aid Programs

Lutheran School of Nursing is not an eligible school for Title IV funds

Institutional Grant

This is an institutional grant program for students who have not earned a bachelor's or first professional degree. This grant is intended to provide students with the same grant funding as if the student were to receive a federal grant. The amount of the student's award is based on actual enrollment, length of the term and financial need. These funds are not repaid as long as a student continues to meet eligibility during the term funds are received. The school will offer this grant to students until they receive funds equal to six full years of funding between the federal and institutional grant.

Institutional Loan Program

The Institutional Loan Program is a fixed interest rate of 5.05% for the 2018-2019 Academic Year. Repayment of these loans is based upon a 120 month repayment term. Repayment will start 6 months from graduation. All students must sign a retail installment agreement. Students may request a reduced loan amount. Students must be enrolled at least half time for the term to be offered a loan. Dependent students who have borrowed in excess of $31,000 from federal and private loans from all school attended will not be eligible for an institutional loan. Independent students who have borrowed in excess of $57,500 from federal and private loans from all school attended will not be eligible for an institutional loan. The school will decided on a term by term basis to offer this funding. If your graduation term changes, you will need to sign a new note, to change the repayment date.

2018-2019 Independent Dependent
84 credit hour program- Fall 2018 8weeks
2598
1608
84 credit hour program-Fall 2018 Spring 2019
7142
4456
68 credit hour program Freshman fall start
5690
3051
68 credit hour program- February 19 grad 17 hours
2453
1519
68 credit hour program February 19 grad 20 hours
2886
1602
68 credit hour program- February 19 grad 14 hours
2020
68 credit hours program-June 19 graduate
6185
3546
68 credit hour program Fall start
5690
3051
68 credit hour program SP19 start SP19 only
4701
2727
68 credit hour program SP 19 start SP19 and SU19
7053
4088

*Dependent students may be offered up to an additional $1915 per term to borrow. Student not funded through federal loan in Fall 2018 will be awarded on a case by case basis. Students with originated Parent Plus Loans will be award on a case by case basis.

MISSOURI NURSING STUDENT LOAN AND LOAN REPAYMENT PROGRAM

This loan program is sponsored by the Missouri Department of Health for professional and practical nursing students. These loans have an interest rate of 9 ˝%. Students may defer payments on the loan until six months after graduation. Students may choose to repay the loans under the forgiveness program. Simply stated, 25% of the total interest and principal accrued may be forgiven annually, if the licensed graduate agrees to being employed in an area of defined need having qualified employment. For additional information visit the website http://health.mo.gov/living/families/primarycare/healthprofloans.

VETERANS BENEFITS

The Department of Veterans Affairs (DVA) administers several programs. Veterans who think that they may be eligible for benefits can receive information and applications by contacting the Veterans Administration, the military unit personnel in charge of education benefits, or the Financial Aid Office. Dependents Educational Assistance (DEA) is provided for children of veterans who died in service as a result of a disability received while in service during World War I, World War II, the Korean Conflict, or the Vietnam conflict. Students between the ages of 18 and 26 (under certain conditions, to age 31) who believe they may be eligible for these benefits are asked to contact the office of the Veterans Administration.

VOCATIONAL REHABILITATION

Vocational Rehabilitation has programs available for financial assistance to qualified disabled vocational rehabilitation clients. Students need to contact the nearest Vocational Rehabilitation office for further information.

WIOA-WORKFORCE INNOVATION AND OPPORTUNITY ACT (FORMERLY WIA-WORKFORCE INVESTMENT ACT)

WIOA has programs available for persons who are unemployed or underemployed. They also have two need based programs. Students need to contact the nearest WIA office to see if they qualify.

LUTHERAN SCHOOL OF NURSING STUDENT LEADERSHIP POSITION

Nurse’s Residence Hall Receptionist Positions - The student receives a variable discount (currently four 30% and three 40% positions) on their nursing course tuition while in the position. Discount does not apply to fees or non-nursing courses. See the Associate Director of Student Development to apply.

Residence Assistants - The student receives a free room in the dormitory in exchange for counseling students regarding community living issues that arise and resolving conflict among residents. Must be available a minimum of six hours per week. See the Associate Director of Student Development to apply.

Library Assistants - The student receives a variable discount (currently one 25% to two 50% positions) on their nursing course tuition while in the position. Discount does not apply to fees or non-nursing courses. A student has to be willing to work 10-15 hours a week. See the Librarian to apply.

Front Desk Safety Monitors - The student received a 25% discount (currently four positions) on their nursing course tuition while in the position. Discount does not apply to fees or non-nursing courses. A student has to be willing to work 5 hours per week. See the Director to apply.

Campus Assistant - The student received a 25% discount (currently four positions) on their nursing course tuition while in the position. Discount does not apply to fees or non-nursing courses. A student has to be willing to work 5 hours per week. See the Director to apply.

ST. ALEXIUS HOSPITAL EMPLOYEES

Employees at St. Alexius Hospital or Forest Park Hospital and their spouse and/or children are eligible for a 15% discount of tuition and lab fees. An employee can receive either the 15% tuition discount or tuition reimbursement whichever is greater. Employees should contact the Human Resources Department for details about the tuition reimbursement program and the St. Alexius Tuition Grant.

OUTSIDE SCHOLARSHIPS

Students are strongly encouraged to take advantage of scholarships that are available to nursing students. A listing of websites with free searchable scholarship databases is available from the Financial Aid Office and is posted on the school website.

Home | Program Information | Admissions | Student Handbook | Student Services | Registrar | Financial Aid | Library | Careers | Contact Us
© Copyright 2005 - 2010 Lutheran School of Nursing. All rights reserved.