Nurse Scholarship Program

Program Description

We offer scholarships to help you pay for your nursing degree. In return we ask that graduates seek the opportunity to join Private MD Labs in one of the 46 US states where we currently serve those in need.

Eligible Disciplines

Accepted or enrolled in a nursing degree program at an accredited school of nursing located in the United States or U.S. territory:

• Diploma School of Nursing
• Associate Degree School of Nursing (ADN)
• Collegiate School of Nursing (BSN, graduate degree)
• Graduate-Level Nurse Practitioner
• Nursing Bridge Program (RN to BSN, RN to MSN-NP, Direct Entry MSN-NP)

Service Commitment

• 1-year minimum service commitment for 1-2 years of scholarship support (full-time status)
• 1-year additional service commitment per scholarship year for full-time students who need scholarship support for more than 2 years (4 years maximum support)
• Full-time status: Minimum of 32 hours per week, for at least 45 weeks per year. 26 hours must be spent providing clinical services to patients.

Use of Scholarship Funds

• Tuition
• Required College fees
• Monthly support stipend
• Annual other reasonable educational costs (e.g., books, supplies, uniforms)

Tax Liability

Taxable

Application Requirements

U.S. citizen (U.S. born or naturalized), U.S. national, or lawful permanent resident.

Am I Eligible for a Scholarship?

You are eligible if you:

• Are a U.S. citizen (born or naturalized), a national, or a lawful permanent resident
• Are an accepted or enrolled student in a nursing degree program at a United States accredited school of nursing
• Don't have any federal judgment liens
• Don't have an existing service commitment
• Aren't overdue on a federal debt

Note: We give funding preference to those who need the most help financially.

How Do I Apply?

You may submit your application here when a scholarship cycle opens.

Why Should I Apply?

If you receive an award, you'll get a monthly stipend-and we'll pay a portion of your:

• Tuition
• Eligible fees
• Reasonable costs (includes books, clinical supplies/instruments, and uniforms).

Is the Scholarship Taxable?

Yes. Your entire scholarship award is taxable.

We report all awarded funds to the IRS. We don't withhold state and local taxes from any scholarship payments.

We are also not providing any tax advice. We recommend you consult a tax professional if you need assistance or have tax-related questions.

How Much Do Nursing Professionals Earn?

After a few years of experience in Nursing; one can earn over $100,000+ on average. Average salaries of different Nurse practitioners are listed below:

• Family Nurse earns approximately $150,000
• Oncology Nurse earns approximately $110,000
• Cardio Practitioner Nurse earns approximately $115,000
• Registered and Certified Nurses earn approximately $200,000
• General Nurses earn approximately $100,000
• Neonatal Nurse earns approximately $130,000
• Ortho Department Nurse earns approximately $120,000

What is the Cost of a Nursing Degree?

When it comes to nursing, earning your degree from an accredited institute is mandatory. It helps you to set the stepping stones for your successful career as a nurse.

However, the annual tuition at renowned institutions ranges from $40,000 to $100,000. Multiply the amount by four, and you would be spending around $400,000 on your tuition alone - supplementary education supplies are an extra expense!