Worry not — organizations like RNAO and others may be able to help tow your education costs
If you decide to pursue a nursing career, there are many opportunities to receive financial support in the form of scholarships, grants and bursaries (as well as student loans, of course). Below is a list of various opportunities in Ontario, as well as nation-wide.
TIP Check with each college or university for individual funding programs, and continue to do so throughout your studies. Many education institutions honour academic excellence and exceptional achievements throughout a nursing program.
RNAO’s Permanent Education Fund
After one year of membership, RNAO members and associates are eligible to apply for an education loan. Repayment of the loan does not start until after the completion of your course. There is no interest until one year after repayment begins. Interest is prime plus 1%. The original intent of the Permanent Education Fund was to assist Registered Nurses to continue their education, however RNAO is able to provide up to 10 loans per year to undergraduate nursing student associates as part of the Permanent Education Fund initiative. If you have any questions, call 1-800-268-7199 ext. 212 or e-mail firstname.lastname@example.org.
Tuition Support Program for Nurses
The Tuition Support Program for Nurses (TSPN), offered by the Ministry of Health and Long-Term Care, offers tuition reimbursement to recent nursing graduates from rural and remote communities who are new College of Nurses of Ontario (CNO) registrants and who choose to do a return-of-service (ROS) in an eligible underserviced community. The program is open to nurse practitioner, registered nurse and registered practical nurse graduates who apply within one year of having graduated from a Canadian University or College. Materials are available on the Ministry web site.
PROFESSIONAL DEVELOPMENT FUNDING
Nursing Education Initiative
Nurses in Ontario undertaking professional development courses or programs are eligible for reimbursement of up to $1,500 per year. This program is funded by the Ontario Ministry of Health and Long Term Care and managed by the Registered Nurses’ Association of Ontario.
Registered Nurses’ Foundation of Ontario (RNFOO)
This charitable foundation provides financial support for nurses and nursing students to advance their education and engage in research — including funds for continuing education at the baccalaureate and graduate levels.
RNAO’s PhD Fellowship
One doctoral fellowship of $25,000 Cdn is offered each year to eligible candidates by the Registered Nurses' Association of Ontario (RNAO). This is a one-year Fellowship, renewable for a second and third year, provided conditions are met.This doctoral fellowship program, an initiative of the RNAO in partnership with the Government of Ontario, aims to develop research capacity in the evaluation of health (clinical) outcomes. Financial and/or system outcomes, associated with the implementation of RNAO clinical best practice guidelines, are also to be considered in relation to cost benefits. As one examines the effect of guideline implementation on the patient/client population, it is important to also analyze the system-wide effect on the proposed health care policy change.