Types of Aid - MSN Program

Students who demonstrate financial need according to established federal guidelines may be awarded various types of financial assistance such as fellowships, scholarships and loans

Types of Financial Aid for Graduate Students

Direct Unsubsidized Loans are federally guaranteed loans that all students, regardless or need, are eligible to receive. Up to $20,500 can be awarded annually. Interest begins accruing after the first initial disbursement. Students are not required to start making payments on this loan until six (6) months after they graduate or drop below half time.

For more information please see our Loan Guides on the Publications page.

The Direct PLUS Loan is a loan option for Graduate/Professional students to help pay for their educational costs. Students can borrow up to the cost of attendance minus any other financial aid that the student is receiving. Interest begins accruing upon first disbursements. Students are not required to start making payments on this loan until sixty (60) days after the loan is fully disbursed. Students may also defer payment if the student is enrolled at least half-time, or during the six (6) month period after graduation, or after the student drops below half-time enrollment.

For more information please see our Graduate Loan Guide on our forms and publications page, or our PLUS vs Private Loan fact sheet, for a quick comparison of the two types of loan.

The School offers a number of scholarships to students in the MSN program. Students will receive a scholarship application in May with a due date of June 20th.

Health Resources & Services Administration (HRSA) Grant and Audrienne H. Moseley Scholarship: The School of Nursing has limited HRSA grant and Audrienne H. Moseley need based scholarship funds available for MECN and APRN students. These are financial need based awards. Applications are emailed to students in May before the academic year begins.

The UCLA Graduate Division offers several types of need/merit based support. These fellowships are described in the financial support section on the UCLA Graduate Education website. Some of these funds are allocated to the School of Nursing to use in the recruitment and retention of outstanding applicants. Please see the listing below.

Graduate Opportunity Fellowship: This program provides fellowships for entering students who are socioeconomically disadvantaged. This fellowship provides for a $20,000 stipend plus tuition (and, if necessary, nonresident supplemental tuition) for the first year of study only. Applicants compete campus wide.

Nonresident Tuition Fellowship: This fellowship pays the out of state tuition for non-resident students for their first year. One fellowship is generally allocated to the School of Nursing.

University Fellowship: This is a merit based fellowship. The fellowship of $2,000 or more goes toward tuition. Limited funds are allocated to the School of Nursing.

The Nursing Student Loan (NSL) is available to nursing students whose FAFSAs show exceptional financial need, who are enrolled at least half time, and who meet satisfactory academic progress standards.

UCLA SON's Financial Aid Office determines loan amounts, and the University Student Loan Services & Collections Office handles the promissory note, entrance and exit counseling, and repayment process for NSLs. 

The amount you can borrow each year is based on your academic standing. Graduate students can borrow up to $8,237 each year. Overall, you have a lifetime aggregate borrowing limit of $24,768 for NSLs.

NSLs have a fixed interest rate of 5 percent. Interest does not accrue while you are enrolled at least half time and during deferment and grace periods.

After you stop attending school at least half time, your nine-month grace period will begin. If you enroll as a nursing student during the grace period and are approved for an in-school deferment, you will get another nine-month grace period the next time you stop attending school at least half time. If you re-enroll again, you are not eligible for another grace period. 

Repayment begins when your grace period ends. The maximum repayment period is 10 years, and you will be expected to make regular payments. You may repay your loan at any time without penalty. This may reduce your interest costs significantly. 

Students serving in GSR or TA positions receive stipends and may be eligible for fee remissions.  To qualify for fee remissions (in-state resident tuition), a TA/GSR position needs to be a 25% working appointment (10 hours per week).  GSR appointments of at least 45% time (18 hours a week) may also be eligible to receive nonresident tuition.  For positions of less than 10 hours a week, tuition is not covered. Note that GSR/TA positions do not cover professional fees, regardless of the appointment percentage.

Learn more about working at UCLA.

Qualifying career employees at UC may be eligible to receive a two-thirds (66%) reduction in the Tuition and Student Services fees. Enrollment for nursing students is limited to twelve (12) units or four (4) courses, whichever is greater. More information on Employee Reduced Fee Enrollment may be found here.

Applications must be submitted quarterly once term fees are assessed. Employees may access the Employee Experience Center to submit the Employee Reduced Fee Enrollment Application. 

Choosing how to finance your education is one of the most important decisions you will make - and the impact of that decision will follow you well beyond graduation. Once you have exhausted your eligibility for Federal, State, and University financial aid and loans, you may need to consider applying for a private educational loan, also called an alternative loan. These loans are not federal student loans. They are offered by private lenders and are used to supplement other types of financial aid. The interest rates and repayment terms on these loans may vary.

Students may refer to the UC Preferred Lender List which includes lenders that have been extensively evaluated by the University of California Office of the President and found to provide competitive rates and loan terms to students.

To find out more information regarding the terms and the application process for private loans go to our Undergraduate loan guide. You can also review our video guide comparing PLUS and Private loans

UC Code of Conduct for Preferred Lender Arrangements

 

To apply: Students entering the UCLA School of Nursing are advised to submit the Free Application for Federal Student Aid (FAFSA) or California Dream Act Application (CADAA). The priority deadline is March 2. The UCLA school code is 001315

 

Corbett Disclosure Statement

Students considering student loans need to be aware of the differences between federal student loans and private student loans.

 

Important Notice: Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide.

  • Federal student loans are required by law to provide a range of flexible repayment options including, but not limited to, income-based and income-contingent repayment plans, as well as loan forgiveness benefits that private lenders are not required to provide.
  • Federal direct loans are available to most students regardless of income. Other qualification criteria do apply. For more information, please visit the Federal Student Aid Website.
  • Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions.
  • The interest rate on a private loan may depend on borrower's and/or cosigner's credit rating.
  • Private student loans have a range of interest rates and fees and students should determine the interest rate of, and any fees associated with, the private student loan included in their financial aid award package before accepting the loan.
  • Students should contact the lender of the private student loan or their UC campus' financial aid office if they have any questions about a private student loan.