Graduate Student Tuition and Financial Aid
Attending graduate school is one of the best investments you will ever make in yourself and your future. While the benefits related to personal development and growth are priceless, you can also expect your MS-Nursing degree to expand your career options and enhance your earning power in the marketplace. Because there are so many variables, calculating the return on investment of your MSN degree is impossible to accurately predict.
However, websites like finaid.org provide sample calculators that will estimate your ROI, break-even and Net Present Value based on your particular situation. You can also find a calculator that will compute the size of your monthly loan payments and the salary required to manage those payments.
Financing your Edgewood College MS-Nursing degree -
Graduate tuition for the 2014-15 school year is $836 per credit. You can expect that cost to rise by approximately 4% per year in the future.
Most graduate students are working professionals who take courses part-time. The Master of Science in Nursing degree requires completion of a total of 36 credits. Typically, a part-time student completes their MSN in 2-3 years.
Based on these assumptions, the estimated total tuition cost of your Edgewood College MSN degree would be approximately $31,000.
Graduate students are eligible for financial aid in the form of Federal Stafford Loans. You are eligible for these low interest loans (currently 6.8%) if you enroll in a minimum of 4 credits per semester. Loans are limited to a total of $20,500 per year.
Click here for more information on Stafford Loans, including eligibility requirements and application instructions.
Based on results of the loan payment calculator from finaid.org, if you chose to finance the entire cost of your Edgewood College MSN degree through Stafford Loans, your monthly payment would be $357/month for a 10-year repayment plan.
Remember, completing your MSN is an investment in yourself and your career. Be sure to consider not only the total cost of your education, but think about how that total breaks down in terms of monthly costs, which can make your investment feel more manageable and affordable.
How Edgewood College can help -
Tuition Reimbursement – Many students receive aid from their employers in the form of tuition reimbursement. Edgewood College will defer your tuition payment for the semester until two weeks after grades have been posted, giving you time to provide your HR department with proof that you successfully completed your courses and for your company to reimburse you.
Third party billing – You may authorize your employer or another third party to view and pay tuition bills.
Monthly billing plan – You may choose to pay your tuition in 5 monthly installments during the semester, spreading out the impact of your investment.
Tuition refunds – Should a medical, family, or professional emergency arise after you have begun classes, Edgewood College will refund the cost of your tuition. The amount of the refund is based on the date of your withdrawal.
Electronic Payment – Edgewood College accepts payments by e-check or credit/debit cards, making payments easy and convenient.
Veterans – Edgewood College participates in the Yellow Ribbon Program and we can help you determine if you’re eligible for these benefits. Edgewood College is also proud to offer the Eagle Grant initiative, as part of Edgewood's commitment to the Yellow Ribbon Program, which may cover tuition costs for qualified candidates. For more information, contact Matthew Schroeder at 608.663.4266 or at Veterans@edgewood.edu.
Provide valuable advice – Our admissions and financial aid counselors have worked with thousands of students who have questioned how they could afford to complete their graduate education. They will use their experience to suggest creative solutions for financing your education.
Don’t think you can do it? Edgewood College thinks you can!