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Financial Aid - Financial Aid Programs

Financial Aid Programs

Lutheran School of Nursing is not approved for Title IV Funding.

Institutional Grant

This is an institutional grant program for undergraduate 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 decide on a term by term basis to offer this funding.

Institutional Loan Program

The Institutional Loan Program is a fixed interest rate of 3.76% for the 2016-2017 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.

Independent - Fall Dependent - Fall Independent - Spring Dependent - Spring
Pre-nursing enrolled in Fall 2016
3760
2177
3760
2177
June 2017 Graduates
5194
3216
5194
3216
Fall 2016 Graduates
3030
1874
0
0
June 10, 2018 Graduates enrolled in FA16
3760
2177
4255
2177
Pre-nursing enrolled first enrolled SP17
0
0
4700
2721
June 10, 2018 Graduates first enrolled in SP17
0
0
4700
2721

*Dependent students may be offered up to an additional $1915 per fall/spring term to borrow.

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.

Wioa-Workforce Innovation And Opportunity Act (Formerly Wia-Workforce Investment Act)

WIA 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

Students may hold positions for a maximum of 12 months cumulative. Students must be in good academic standing.


Nurse’s Residence Hall Receptionist Positions - The student receives a variable discount (currently 25 % to 40%) on their nursing course tuition while in the position. 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 25% to 50%) on their nursing course tuition while in the position. A student has to be willing to work 10-15 hours a week. See the Librarian to apply.

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St. Alexius Hospital Employees

Employees at St. Alexius 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. Students must complete a form in the financial aid office to receive the 15% employee discount.

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