Financing Your Midwifery Education
Financial aid is available from a number of sources to assist you in financing your midwifery education.
The following information is by no means exhaustive, but provides initial leads and resources for financial aid.
Congress appropriates millions of dollars for a variety of programs supporting students, including loans/ scholarships for eligible applicants and service paybacks for those who work in underserved/rural areas. Extensive information on federal funds can be found at the Health Resources and Services Administration (HRSA) Web site.
The A.C.N.M. Foundation provides up to six scholarships every year of $2000-$4000 each to midwifery students who are ACNM members. Guidelines and applications, as well as a list of recent award winners, are available at www.midwife.org/Foundation-Scholarships-and-Awards. Questions can be directed to the Foundation Office at (240) 485-1850 or firstname.lastname@example.org. Student nurse-midwives/student midwives are eligible to join ACNM. To become a member, click here.
The National Health Service Corps (NHSC) offers a loan repayment program to nurse-midwives and other health care professionals that commit to working in underserved areas across the country. The Scholarship Program offers payment of tuition and fees, books, supplies, and equipment for up to four years of education, and a monthly stipend. In return, for each year of support, the recipient must serve one year in a federally designated health professional shortage area of greatest need. For Scholarship information or a Loan Repayment application, call the NHSC Helpline at 1-800-221-9393 or e-mail email@example.com. To find out more about this program, visit http://nhsc.hrsa.gov.
Create your own source of funding. If you can demonstrate the need for nurse-midwifery services in your community, a local hospital, clinic or private practice may be willing to support you in full or part in return for a practice commitment.