Undergraduate

Accelerated Bachelor of Science in Nursing Program

We’re excited that you’re interested in the Accelerated Bachelor of Science in Nursing (ABSN) Program. Our office is available to assist you in navigating the financial aid application process, types of aid, supplemental financing options, and more. Should you have any questions regarding financing the ABSN Program, please contact your financial aid counselor or email gradsfs@northeastern.edu.

Federal Aid Eligibility

In order to qualify for federal financial aid, you must meet the following general eligibility criteria:

  • Be accepted into a degree program
  • Be enrolled in at least 6 credits per term*
  • Be a U.S. citizen or eligible non-citizen
  • Not in default on a prior federal loan or owe a refund on a federal grant
  • Be making Satisfactory Academic Progress
  • Be registered for Selective Service, if applicable
  • Not convicted of a drug-related crime in the last year

*Although some programs may consider students enrolled in 4 credits to have half-time status, in order to qualify for federal financial aid, students must be enrolled in a minimum of 6 credits.

How to Apply

The Free Application for Federal Student Aid (FAFSA) is used to determine eligibility for federal aid programs. Our priority filing date is March 1 for the following fall. We recommend that you file as soon as possible. Although missing the priority deadline may impact your eligibility for certain funds as shown in the table below, it will not impact your eligibility for Federal Direct Loans.

When completing the FAFSA, you will need to provide Northeastern’s school code, 002199. Please make sure that you list your grade level on the FAFSA as “Fifth year/other undergraduate” and the degree you will be working on as “2nd Bachelor’s Degree.” Please refer to the table below to determine which FAFSA to complete based on your anticipated start term.

Start Term FAFSA Year Required
Fall 2019 2019-2020 FAFSA
Spring 2020 2019-2020 FAFSA
Summer 2020 2019-2020 and 2020-2021 FAFSA

Please note, if you are under the age of 24 when filing the FAFSA, are not married, and do not have any dependents, you will likely need one of your parents to sign the FAFSA and will need to provide your parents’ income information on the FAFSA. Determine whether or not your parents will need to sign the FAFSA.

Awarding Timelines

Summer applicants are awarded on an on-going basis throughout the spring after we have been notified that they have been admitted into their program. Students will generally be awarded within two weeks of being admitted if the FAFSA has been received and no other documents are required. Fall applicants are awarded beginning in early May.

Types of Federal Assistance

Loan Current Origination Fee Current Interest Rate* Grace Period** Dependency Status Yearly Limit Eligibility Requirements
Federal Direct Loan 1.062% 4.53% 6 months Independent $12,500, up to $5,500 of which may be in Direct Subsidized Loan FAFSA, Direct Subsidized Loan requires financial need
Federal Direct Loan 1.062% 4.53% 6 months Dependent $7,500, up to $5,500 of which may be in Direct Subsidized Loan FAFSA, Direct Subsidized Loan requires financial need
Nursing Student Loan N/A 5% 9 months N/A $3,300 Financial need, availability of funds

*Interest rates are subject to change as of July 1. The rate is based on a 10-Year Treasury Note Index. Interest does not begin to accrue on the Direct Subsidized loan until you graduate, leave school or drop below 6 credits in a semester. Interest on the Direct Unsubsidized Loan begins to accrue after the first disbursement occurs.
**Grace period begins when you graduate, leave school, or drop below 6 credits in a semester.

Cost of Attendance

The Cost of Attendance is the estimated cost of attending Northeastern University and includes both billed (direct) and non-billed (indirect) costs. As such, it is important to keep in mind that your Cost of Attendance may vary from your billing statement.

Below are estimated 2019-2020 Cost of Attendance breakdowns for students entering the ABSN Program during the indicated semester. Please note, returning students and students who are off-pattern will have varying Costs of Attendance depending on how many credits are taken in each academic year.

Program Start Date: Fall 2019
Tuition (based on 17 credits Fall 2019 and 16 credits Spring 2020)* $39,138
Health Insurance** $2,224
Living Allowance $16,200
Books & Other Expenses $2,834
Total Estimated Cost of Attendance*** $60,396

 

Program Start Date: Spring 2020
Tuition (based on 17 credits Spring 2020 and 16 credits Summer 2020)* $39,138
Health Insurance** $1,466
Living Allowance $16,200
Books & Other Expenses $2,384
Total Estimated Cost of Attendance*** $59,188

 

Program Start Date: Summer 2020
Tuition (based on 17 credits Summer 2020)* $20,162
Health Insurance** $736
Living Allowance $8,100
Books & Other Expenses $900
Total Estimated Cost of Attendance*** $29,898

* Tuition is billed per credit in the ABSN program. For the 2019-2020 academic year, the per credit tuition rate is $1,186. Students in the ABSN program typically complete program requirements over two academic years.
** The Commonwealth of Massachusetts requires that all students who have matriculated and carry a certain course load or are enrolled in a full-time program have health insurance. Students who are covered under a comparable domestic hospital insurance plan may waive the Health Insurance fee. Learn more.
***This figure is an estimate of the maximum allowable Cost of Attendance depending on when the student enters the ABSN program. Please note that your Cost of Attendance may vary from your billed costs.

Supplemental Loans 

For most students, awarded federal financial assistance will not cover the total cost of the program. Supplemental loans are available through state and private educational programs for those who qualify and can be used to help finance any remaining balance. Please note, most private lenders have credit and income requirements that must be met before being approved for these programs. Additionally, applying with a co-borrower often reduces the interest rate and fees on the loan. When researching the loan and lender that best suits your needs, make sure you take into consideration the interest rate, repayment terms, quality of customer service, and any applicable origination, disbursement or repayment fees. Learn more about supplemental loan programs.

Please remember when applying for a private student loan that you should apply for one academic year at a time. The period of your private loan should mirror the period for which your federal financial aid is awarded. For example, if your federal aid is awarded for fall and spring, your private loan should cover the same period. You will have to apply for a second loan for the following academic year.