It is never too early to start thinking about how to pay for your nursing education. Although for many students the financial aid process may seem daunting, IUON's financial aid counselors will help build a successful financial plan for your future as a health care professional. Each step of the way, IUON's financial aid counselors are here to assist you. You will not have to take this journey alone; a caring hand will always be nearby for guidance as your explore the various funding options available to you.
As soon as you apply to IUON, you will receive a financial aid package and be offered financial aid counseling. We will help you review and understand how your previous education debt, personal financial resources and credit history may impact your ability to finance your nursing education. We will give you an honest evaluation of your financial preparedness for our program. Should we determine that, momentarily, you may lck the ability to finance your education, we will be straightforward with a professional opinion and help you plan for the future.
As an enrolled student, we will continue to guide you down a healthy financial path by asking you to participate in practical workshops to teach you budgeting, credit awareness and debt management strategies that will prove a life time of usefulness. Each financial aid counselor has years of experience helping students develop viable financial plans to achieve their educational goals. You can always call on us to help you with your financial aid planning.
Planning Guides
The IUON Department of Financial Aid created several documents to assist students in determining their financial needs. The content is based on the program you have been accepted to attend.
The IUON Office of Financial Aid has prepared a brochure, Consumer Credit and Private Education Loans to assist students in understanding the impact of their credit history on obtaining student loans.
Financial Aid Planning and Counseling
We advise all students to call or visit our office prior to commencing their studies to discuss how they can develop a viable financial plan for their education. Once a plan is put into place you will understand:
How much money you will need, when you will need it and where you are going to get the necessary funds.
Your credit report and how credit history affects your ability to obtain student loans.
What you can do to build good credit and how debt management can help maintain your financial health.
If you have outstanding student loans, this counseling would also include aggregate loan calculations which could be the most important factor when making your financial plan to attend IUON.
Financial Aid Programs
Institutional Loan Program
IUON has recently instituted a special loan program for current and incoming students. The loans are granted in amounts from $1,000 to $5,000 per semester while a student is studying in St. Kitts. This loan program requires a U.S.cosigner and allows repayment to be deferred until 6 months after graduation, or separation from the school. Applications for this loan program can be obtained from Kenia Franco in the Bursar’s Office. Her email address is
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.
Federal Student Aid Programs
Effective July 1, 2010, foreign nursing schools meeting the criteria outlined by the U.S. Department of Education, will be eligible to apply to participate in certain Federal Student Aid Programs. In anticipation of this, IUON has recently submitted an application to participate in these programs and is hopeful that the application will be reviewed as soon as the new law goes into effect. The programs we have applied for, to assist our students, are the William D. Ford Direct Loan Program and the PLUS Loan Program. Periodic updates on our application’s status will be made available as we get them.
Scholarships
A limited number of partial tuition scholarships are awarded to students in each incoming class.The scholarships are merit based and award amounts are determined by the strength of the student’s previous academic record as recorded in their admissions application.All accepted students are automatically considered and reviewed for institutional scholarship funds.
IUON also offers two scholarships to citizens of St. Kitts and Nevis.Criteria for these scholarships will be sent to those recommended by the Ministry ofSt. Kitts and Nevis.
Federal Loan Repayment Program
The Department of Health & Human Services, through the Nursing Education Loan Repayment Program (NELRP) provides a financial incentive for licensed registered nurses to serve at a health care facility with a critical shortage of nurses in exchange for partial repayment of qualifying educational loans. Students should visit the NELRP website to find out more information about loan repayment after becoming licensed as a registered nurse. As a graduate of an IUON partner school, you would be eligible to apply for these funds.
Privacy Information
IUON, in accordance with the Family Educational Rights of Privacy Act (FERPA) does not disclose personally identifiable information from any educational records unless the student has consented. To consent, a student must complete the IUON Information Disclosure Consent Form and return it to the Office of Financial Aid.
Office of Financial Aid
InternationalUniversity of Nursing 460 West 34th Street, 12 Floor New York, NY10001
The Office of Financial Aid is available to assist you Monday through Friday, 8:00 AM to 6:30 PM EST.
International University of Nursing, St. Kitts
North American Administrative Office, 460 W. 34th St, 12th Floor, New York, NY 10001
Toll Free Admissions: 866.868.4720 - New York: 212.868.4720
E-mail:admissions@iuon.org
