Financial Aid FAQs
- Who can I contact with financial aid questions?
- What type of aid is available?
- When will I receive my financial aid offer/award letter?
- What are the terms of the loans and the loan amount?
- Will I be able to start classes if my funds are received after the payment date?
- What happens if I am eligible for a refund?
- How much is the program, and what will I have to pay out of pocket?
- Is my social security number needed on my application and/or supplemental form?
- What is the Simmons College financial aid code?
- How do I apply for Grad PLUS loans?
- I’ve received loans in the past. Is there a maximum amount that I can borrow?
- How can I defer repayment on my current loans?
- Is there a payment plan available?
Who can I contact with financial aid questions? ↑
For questions pertaining to financial aid for active-duty military service members and veterans benefits, please contact Michael Gearan via email by phone at 1-617-521-2011.
What type of aid is available? ↑
Depending on your program of interest, the following financial aid may be available to help fund your advanced nursing degree.
Direct Unsubsidized Stafford Loan
Direct Graduate PLUS Loan
Students may explore scholarship opportunities available through associations and organizations such as:
National Health Service Corps
NURSE Corps Scholarship Program
The Health Professions Education Foundation
American Assembly for Men in Nursing Foundation
Nurse Practitioner Health Association
Nurses’ Educational Funds, Inc.
The Senior Care Scholarship
To learn about other scholarship opportunities, read 20 Scholarships You Should Know About.
- Loan Repayment and Loan Forgiveness Programs
Public Service Loan Forgiveness
National Health Service Corps
NURSE Corps Loan Repayment Program
Disadvantaged Faculty Loan Repayment Program
Army Nurse Corps Benefits (military)
Health Professions Loan Repayment Program (military)
- Military Benefits
Nursing@Simmons offers a number of financial aid benefits for active-duty military service members and veterans.
In addition, there are a number of VA benefits available, including:
Post 9/11 GI Bill (veterans)
Montgomery GI Bill (active duty military)
Yellow Ribbon GI Program
Chapter 32: Post Vietnam
Chapter 35: Survivors and Dependents
Reserve Educational Assistance Program (REAP)
When will I receive my financial aid offer/award letter? ↑
After you have been admitted and Simmons College has determined your eligibility, we will create a financial aid award letter for you. This letter will detail the costs of attending the college for an academic year. Your financial aid award letter will be generated around the same time as admission offer letters are distributed.
What are the terms of the loans and the loan amount? ↑
Graduate students are eligible to receive up to $20,500 each academic year (one year = 2 terms) in Direct Unsubsidized Stafford Loans with an interest rate of 6.21%. To qualify for the loan, students must complete the FAFSA and Student Information Form. If you attend the program full-time, expect 5 terms of payment, up to $51,250. If you attend the program part-time, expect 7 terms of payment, up to $71,750.
Will I be able to start classes if my funds are received after the payment date? ↑
Students will need to pay their balance in order to avoid late fees on the account. Balances are due by the posted due date which usually falls two weeks before the start of the term.
What happens if I am eligible for a refund? ↑
Students who receive funds that exceed the amount of tuition and fees for a term will have the credit balance refunded to them approximately four weeks after the term begins. A financial aid refund check will be mailed at that time to students.
How much is the program, and what will I have to pay out of pocket? ↑
Out-of-pocket expenses include books and supplies, as well as travel costs for clinical rotations and the campus immersion(s). For up-to-date tuition information please see the Tuition & Fees pages for your program of choice.
Because of the curriculum structure, the last three terms of the DNP program do not meet the minimum enrollment thresh hold for federal student loan eligibility. As such, students are encouraged to plan accordingly.
Is my Social Security number needed on my application and/or supplemental form? ↑
In order for the Simmons Financial Services to link your FAFSA information to your application, you will need to provide your Social Security number on your admission application. If you have not done so, please contact the Student Financial Services office via email or 1-617-521-2001.
What is the Simmons College financial aid code? ↑
The Simmons Financial Aid code is: 002208
How do I apply for Grad PLUS loans? ↑
Complete a Graduate PLUS Loan application at Federal Student Aid website.
I already took out school loans in the past. Is there a maximum amount that I can borrow for this degree? ↑
There are total amounts that you may borrow for undergraduate and graduate study (aggregate loan limits). If the total loan amount you receive over the course of your education reaches the aggregate loan limit, you are not eligible to receive additional loans. However, if you repay some of your loans to bring your outstanding loan debt below the aggregate loan limit, you could then borrow again, up to the amount of your remaining eligibility under the aggregate loan limit.
The Federal Student Aid website provides information regarding the annual and aggregate limits for subsidized and unsubsidized loans.
How can I defer repayment on my current loans? ↑
To learn more about deferring your current student loans while attending the Nursing@Simmons program please visit the Federal Student Aid website.
Is there a payment plan available? ↑
A payment plan is available to Nursing@Simmons students. The plan is administered by Higher One and allows students to pay their term balances over an extended payment period of four months. There is a separate three-month payment plan available for students required to complete a bridge course. The payment plan has an application fee of $35 each term, but no interest accrues on the amount financed on the plan.
Visit the Tuition Payment Plan website for more information.