Financial Aid

Americare School of Nursing has a full-time Financial Aid Office available to assist students who qualify with their financial needs. Our Financial Aid Advisors will assist applicants in determining the amount and type of financial aid available. 

Types of Financial Aid Available to Students:

• Federal Direct Subsidized Loans or Federal Stafford Subsidized Loans
  These need-based, low-interest loans are made to students attending school at least half-time by the federal government or a lender such as a bank, credit union, or savings and loan association. Eligibility is based upon financial need. Students must repay this loan. The loan is interest free until it goes into repayment six months after the student's last day of attendance.
  
• Federal Direct Unsubsidized Loans or Federal Stafford Unsubsidized Loans
  These low-interest loans are generally made to "independent" students attending school at least half-time by the federal government or a lender such as a bank, credit union, or savings and loan association. Students do not have to demonstrate financial need to obtain this loan. Although the loan goes into repayment six months after the student's last day of attendance, interest begins accruing as soon as the funds are disbursed.
  
• Federal Pell Grants
  Pell Grants are need-based awards that do not have to be repaid. The award amount varies depending on a student's eligibility and the amount of aid available as determined by the U.S. Department of Education guidelines. Eligibility is based upon financial need.
  
• FSEOG (Federal Supplemental Educational Opportunity Grants)
  These funds are allocated to the school by the Federal Government and are limited. Funds are awarded to students with "exceptional financial need" and do not have to be repaid.
  
• Other Financial Aid
  Other sources of funds may be available to students who qualify including private loans and scholarships. Please contact the Financial Aid Office for further information.