Education: An Investment in Your Future
At Samuel Merritt University, we are committed to help make graduate education possible. Your education is an important investment in your career and personal growth. Financing your education is possible with a combination of Federal financial assistance, some scholarship funding and creative planning. We suggest to begin investigating budget management strategies to assist you prior, during and after your enrollment.
Financial aid is available to masters and doctoral degree candidates in form of student loans. The Federal Direct Unsubsidized Stafford and Federal Direct Graduate Plus loans are available to assist with students cost of tuition, fees and living expenses (living expenses are excluded for on-line programs). The Federal Direct loans are fixed low interest loans whose payments can be deferred until after the student ceases enrollment.
Applying for Financial Aid
To apply for financial aid, students must first complete the Free Application for Federal Student Aid (FAFSA). The application will require basic financial aid information about the student. There is no fee for processing the application. Please follow instructions on the FAFSA website. (Samuel Merritt's Title IV code is 007012)
Once the Financial Aid Office has received the FAFSA result, an award packet will be sent. The award packet will include all of the documents that you must return as well as instructions for applying for the loans. Student loan disbursements are made at the beginning of the each semester.
The Financial Advantage of Education
Compensation for nurses in California, and nationwide, continues to be competitive. On average, annual wages for nurses in California range from $87,937 for nurse practitioners to $200,000 for anesthesiology. Nationwide, these figures are $89,787 for nurse practitioners to $156,032 for anesthesiology. Average yearly salaries for supervisors and nurse executives are reported as $56,975 for a head nurse in California to $88,891 for a top-level nurse executive. The national range is a bit lower, from $50,627 for head nurses to $84,823 for top-level nurse executives.
According to the 1997 AAPA Physician Assistant Census, the median total income from a primary employer in 1997 for those working full-time was $61,021, and the average was $63,910. For full-time Physician Assistants graduating in or after 1996, the average was $53,572.
As reported by the American Occupational Therapy Association (AOTA), full-time occupational therapists averaged $47,095 annually.
Physical therapists with three years experience and working 40 hours per week, averaged annual salaries of $43,500 in schools, $46,500 in hospitals, $56,000 in clinics, and $60,000 in long-term care facilities or home health care.
A Wise Investment, Done Wisely
The financial aid staff at Samuel Merritt University believes that our job is not only to help you finance your education, but to help you do so wisely. From time to time we offer educational sessions on debt management issues such as loan consolidation, credit card debt and other money management topics. Individual budget management appointment are also available to student who wish to take advantage of this service.
We Are Here To Help
At Samuel Merritt University we offer individual financial aid counseling, so please do not hesitate to contact us for an appointment. Our office hours are Monday through Friday, 8:00 a.m. to 5:00 p.m. Telephone (510) 869-1590.