Financing Your Post-Bachelor's Accelerated Nursing Track

ESTIMATED COSTS

(Please refer to the Post-Bachelor’s Accelerated Nursing Track website for details on actual costs.)

Cost of Attendance

• Direct charges – what you will pay to Assumption University
• Indirect charges – estimates of what you will pay during the academic year outside of Assumption University

FINANCING YOUR ASSUMPTION UNIVERSITY EDUCATION

As a post-baccalaureate student, you have a few options in order to finance your education:

• Federal Direct Student Loans
• Private Loans
• Scholarships
• Billing & Payment Plans

Federal Direct Student Loans

Given the various low-interest loan options available through the U.S. Department of Education, we encourage you, no matter your income level, to apply for federal financial aid by submitting a 2024-2025 FAFSA (Free Application for Federal Student Aid)—it’s the only way to know what type of federal loan you’re qualified to receive.  You can file your *2024-2025 FAFSA at www.studentaid.gov.  To be eligible for federal student financial aid, you must be:

• Accepted into a degree program.
• Enrolled in at least six credit hours per term.
• A U.S. citizen or eligible noncitizen - https://studentaid.gov/understand-aid/eligibility/requirements

*The 2024-2025 FAFSA will not be available to complete at www.studentaid.gov until December 2023.   

Students accepted into Assumption’s Post-Bachelor’s Accelerated Nursing Track have already obtained their first bachelor’s degree.  As a second-degree student filling out the FAFSA for the Assumption Post-Bachelor’s Accelerated Nursing Track, here are some details you’ll need to know:

• Federal School code: 002118 – Assumption University
• Grade level: Fifth year/other undergraduate
• Degree type: Second bachelor’s degree
• Graduate/Professional program: No
• Assumption’s Post-Bachelor’s Accelerated Nursing Track is not a graduate program so you will only be considered for undergraduate federal direct loans if you submit a FAFSA.  If you borrowed federal direct loans for your first bachelor’s degree, these loan amounts will be counted towards your federal student loan undergraduate aggregate borrowing limit listed below. 

For additional information on Federal Student Loans for Undergraduate Students, please visit, www.studentaid.gov.

The following chart shows the annual and aggregate limits for subsidized and unsubsidized loans.

If you are a new student at Assumption University and are offered a Federal Direct Student Loan, you will need to complete a Master Promissory Note (MPN) and Entrance Counseling at www.studentaid.gov before the funds can be used as a credit against your bill.   

Private Loans

More times than not, federal student aid will not cover the total cost of attending our financing the Post-Bachelor’s Accelerated Nursing Track program. Therefore, it’s a good idea to research private lenders, such as banks or credit unions, and try to borrow from an institution with low-interest rates and good terms.

With private loans, you can choose a fixed interest rate (stays the same) or a variable interest rate (fluctuates). It’s also a good idea to see what type of borrower protection a lender offers, such as flexible repayment plans or payment deferral.

Furthermore, because private loans are credit-based, it’s important to know your credit score. If you have poor credit, you’re likely to pay a higher interest rate than you would with a federal loan. You may even need a co-signer on your loan.

You can view some of the most popular loans taken by Assumption students and their families by going to www.elmselect.com  and selecting Assumption University.

Scholarships

Assumption University does not offer any institutional scholarship or grant funding to students in the Post-Bachelor’s Accelerated Nursing Track. However, we strongly recommend that you look into applying for outside scholarship funding to help reduce the cost of your education.  If you do receive an outside scholarship, please be sure to report it to our office by completing the Outside Scholarship Reporting Form located on our website at www.assumption.edu/FAforms.

Please Note: Outside scholarship funds will not show as a credit on your bill until the funds are received by the Assumption University Student Accounts Office.

Scholarship Search

The following are some great places to search for outside scholarships to help reduce the out-of-pocket cost for the Post-Bachelor’s Accelerated Nursing Track. This list is not extensive, and students are encouraged to do their own searches as well.

• American Association of Colleges of Nursing
• Johnson & Johnson Nursing
• FastWeb
• Goingmerry
• NURSE Corps Scholarship Program

Billing & Payment Plans

For additional information on billing and payment plan options, please visit Assumption’s Student Accounts Office - Billing and Payment Plans.

Contact Information: studentaccounts@assumption.edu or at (508) 767-7351

CONTACT US

Please visit our website to see how you can contact us: 

 www.assumption.edu/ContactFA