Financial Assistance for Graduate Education
Financial Aid is designed to assist qualified students with the cost of their education. Scholarships, Tuition Deferral, Federal Direct Unsubsidized Loans and private educational loans are awarded to graduate students who meet specific criteria. If you have any questions about your eligibility please contact the Financial Aid Office.
Nursing Alumni Scholarship
This scholarship was established by alumni of the Baptist Memorial Hospital School of Nursing and continues to be funded by donations from alumni and friends of the Baptist Health Sciences University nursing program.
St. Joseph Hospital Nursing Scholarship
The St. Joseph Hospital Scholarships were established by the Sisters of St. Francis Health Services, Inc. in honor of the St. Joseph Hospital School of Nursing alumni. St. Joseph Hospital had trained more than 2,000 nurses from 1918 to 1998, when it closed its doors as part of a merger between St. Joseph Hospital and the Baptist Memorial Health Care system.
Unsubsidized Federal Direct Loan
Direct Unsubsidized Loans are available to graduate students; there is no requirement to demonstrate financial need, but the FAFSA is required. The Financial Aid Office determines the amount you can borrow based on your cost of attendance and other financial aid you receive. You are responsible for the interest on a Direct Unsubsidized Loan during all periods. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).
Private Education Loan
Private educational loans, also known as Alternative Educational Loans, help bridge the gap between the actual cost of your education and any other assistance you may receive. These loans are credit based and can be borrowed from banks, credit unions, or online lending institutions. The bank or lender will set the interest rate, aggregate loan limit, terms and conditions of private loans.
Tuition Deferral Program
Students of Baptist University enrolled in a professional program may be eligible to apply for participation in the Tuition Deferral Program depending on the workforce needs of the Baptist Corporation. In addition to workforce needs, selection criteria for participation will include such things as the student’s academic record and the entrance interview. Students must interview and be selected to participate in this program.
For those students selected, Baptist University will defer clinical tuition. Following graduation and licensure, Baptist Memorial Health Care (BMHC) will hire program participants as full-time employees of a BMHC hospital upon successful completion of the employment process. The agreement specifies that each participant will agree to work for Baptist while earning forgiveness each month of work during this work period. The tuition to be deferred and the corresponding work period may vary by major.
Baptist Employee and Dependent Tuition Discount
Full time Baptist Memorial Health Care employees in good standing and eligible dependents are eligible to receive a discount on tuition only for courses taken at Baptist University. For more information, please visit the Baptist Employee Tuition Discount webpage.