Are you interested in earning more money as a nurse? One of the best ways to make a higher salary is to go back to school so you can become a licensed nurse practitioner. Nurse practitioners must have at least a master’s degree, and in the future, most states will require you to earn a doctorate in the field of nursing to qualify for this kind of license. Your advanced education will allow you to specialize, and one of the most popular choices for nurses who want to make more money is mental health. If you’re considering going back to school to become a psychiatric nurse practitioner, you might qualify for scholarships and grants to help you pay for school.
Psychiatric Nurse Practitioner Scholarships
Scholarships are available to students based on merit, such as academic achievement, winning a scholarship essay contest, or displaying a certain talent. Many colleges offer scholarships directly to students, but you can also find scholarships from outside sources, such as the Army and the American Academy of Nursing. You can also find more general scholarships available for any kind of nurse or for any student regardless of degree program. At the master’s degree level, many scholarships are given as fellowships, which means that you may be required to serve as a teaching assistant or research assistant during your time in school.
Psychiatric Nurse Practitioner Grants
Grants are given to students who display financial need, so you can qualify even if you didn’t have amazing grades as an undergrad or don’t have some kind of expert skill or talent. As an undergrad, you might have received the federal Pell Grant, but as a graduate student, this source of money will no longer be available to you. Instead, check out grants available from sources such as the American Psychiatric Nursing Foundation and the Department of Health and Human Services.
Other Sources of Money for Psychiatric Nurse Practitioner Students
As a nurse, you are in a unique position to take advantage of other funds available to help you pay for your education. Because of the national nursing shortage, loans are available at extremely low rates for nursing students and many employers provide tuition assistance program to help their employees earn advanced degrees. You may also qualify for the national loan forgiveness program for nurses, which will pay for your student loans if you work in high-need areas.