Breakdown of what the Federal NSP tuition Fees and stipends covers
Now heres a breakdown of what the federal nursing scholarships program covers. You can get more information on the federal website at the URL below.
What does the NSP cover.
Tuition and Required fees for the program .
The tuition is directly paid to the school after the nursing school has sent an invoice. So its not a question of first you have to be in the nursing program, applied and been accepted and this is your last and final step.
Theres a stipulation that any fees included in that are part of other reasonable costs will be paid directly to the student in question.
What does Other reasonable costs include
- Books
- Clinical supplies
- instruments for use i.e stethoscope
- Uniforms for use in the nursing program.
If you are a student who plans on attending less than a full year for example – if you are graduating in december or maybe a part time student – your payments will be reduced.
Summer sessions
Theres a stipulation by the NSP program that they will only pay tuition fees for required coursework when an academic term goes into summer for all students in the particular program or summer school is in session during the participants contract period.
Try your best to make sure you dont have to repeat courses since the Nsp program doesnt pay tuition for repeated coursework, if they have already made a payment.
This occurs in 2 instances.
1. If the repeated coursework will not delay the graduation date or
2. Make the student drop below full time student status.
Should there be an increase in tuition or required fees that are reported by the school after an award has been made isnt guaranteed and will be subject to availability of funds in the NSP program. Its good to be very diligent with your money and with the constant change of nursing programs and general demand for the particular industry, put yourself in a position where you can pay for any sudden increases in costs.
Theres a stipulation that the NSP program only makes one payment to one nursing program even if you are enrolled in more than one school – hint: make sure its the one with the greater invoice.
The NSP program only pays for courses required for the graduation of your nursing program, so if you decide to indulge in things like computer programming classes or art classes; you might have to pay those yourself. Its sincerely not a bad idea paying for your classes and taking on the extra work if it makes you marketable. Even though joining student associations is commendable – the NSP program doesnt pay for that.
Nursing students are responsible for things such as
- Loan Processing Fees.
- Penalty and Late Fees
- Student association or any other related fees.
Before you do anything drastic such as getting a transfer to another nursing program, make sure you get approval from the NSP in advance to ensure you have continued eligibility for funding in the program.
The NSP bases its scholarships award on the cost of attendance at the initial school of record for all the school year contracts. Should there be an approved transfer – the NSp will not cover an increase in tuition fees that will be the participants to cover.
What Does the NSP program stipend cover.
During the 2011 and 2012 year the NSP will pay each full time student 1289 monthly which of course is taxed – part time students get a reduced (proportionately) amount.
If a student is repeating coursework that has already been paid, the stipend amount may be stopped.
Getting stipends doesnt mean you are a federal employee – you are just getting assistant with your nursing program.
The month the nursing course work is over or once the contract is over the payments stop .
Do i Owe Taxes on NSP payments.
You the nursing student are responsible for any Federal, state or local income taxes which arent withheld once the payment is made.
Each year, students will receive 1099 forms for paid tuition and fees and a w 2 wage and tax statement form. If cormfortable, you should specify on the w 4 and the nsp will withhold federal income taxes based on the information provided.
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