Mount Sinai Phillips School of Nursing

To determine eligibility for federal financial aid, the Financial Aid Office evaluates student data from the Free Application for Federal Student Aid (FAFSA).

The New York State Tuition Assistance Program (TAP) also helps eligible New York residents pay tuition at approved schools in New York State. Depending on the academic year in which you begin study, an annual TAP award can be up to $5,665. Because TAP is a grant, it does not have to be repaid.

The easiest way to apply for TAP is through the FAFSA. New York State residents attending New York State schools will link directly to the TAP application from the FAFSA submission confirmation page.

Federal and/or state regulations are followed to award students any eligible aid. All appropriate verification rules and data match issues must be resolved before awarding any federal and/or state aid. All records are reviewed for consistency with federal and state regulations.

Cost of Attendance 2024 – 2025

Mount Sinai Phillips School of Nursing Federal School Code: 006438

NYS TAP Grant Code: 6445

To be awarded any type of financial aid at Mount Sinai Phillips School of Nursing, you must complete the Free Application for Federal Student Aid (FAFSA) form, which may be found at Federal Student Aid website.

Applications for any type of scholarship support will not be processed until the FAFSA has been submitted.

Scholarship applications and the FAFSA must be received by the Nursing School prior to the announced scholarship deadline date. The scholarship deadline date varies based on the start of the semester.

For confirmation on the scholarship deadline date, contact the Office of Financial Aid at finaid@pson.edu.

The Mount Sinai Phillips School of Nursing offers students the opportunity to apply for internal scholarships to assist with their cost of attendance. These scholarships are made possible by the Nursing School establishing and maintaining relationships with donors and outside organizations. Applications must be submitted with all required documents before being reviewed by the Nursing School Scholarship Committee. Students who submit a completed scholarship application by the announced deadline date will be considered for all available scholarship opportunities. Scholarship applications are considered completed when the Scholarship Committee receives the 1) scholarship application, 2) Free Application for Federal Student Aid (FAFSA), and 3) personal statement. 

There are a limited number of institutional scholarships available at the Nursing School. Scholarships are awarded based on academic merit and/or financial need. 

Employees of the Mount Sinai Health System and their immediate family (spouse or children) are entitled to a 10 percent tuition discount upon submission of appropriate documentation (e.g., work ID or a letter from the department/human resources).

To be awarded financial aid at Mount Sinai Phillips School of Nursing, students must complete the following:

Free Application for Federal Student Aid (FAFSA)
A student’s application will be processed ONLY if all required documents are received by the deadline dates. If your application is not completed by the required deadline dates, your request for aid will be rejected. Please note that a Deferred Payment Plan may be arranged with the Bursar’s Office prior to the start of each semester.

Guide to Financial Aid and Scholarships for Nurses

Below are links to popular scholarship search engines. Military students are encouraged to search their respective branch website for scholarship opportunities.

• The Sallie Mae Fund
• Fastweb - Financial Aid Scholarships - Search Nurse Journal Guide to Financial Aid and Scholarships
• S. Department of Labor

Tuition bills are emailed to students prior to the beginning of each semester. Unless a payment plan is in place, all appropriate tuition and fees are expected to be paid in full prior to the beginning of each semester. Tuition and all other fees are to be paid at the Office of Financial Services on the main floor. Student invoices are available to view online on the Mount Sinai Phillips School of Nursing Student Portal. The following steps can be taken to access the invoice online:

1. Click Financials tab
2. Click Billing Detail Summary link

Students can submit payments using the following methods:

1. Credit Card - Visit the Billing Detail Summary, under the Financials tab, on your Mount Sinai Phillips School of Nursing Student Portal. Modify payment amount, if necessary. Click on Submit Payment.
2. Check or Money Order made payable to Mount Sinai Phillips School of Nursing and mail to:
   Mount Sinai Phillips School of Nursing
   148 East 126th Street
   New York, New York 10035

Mount Sinai Phillips School of Nursing does not accept cash as a form of payment. Any fees associated with returned checks will be applied to the relevant student account. A late fee of $100.00 is charged to and an administrative hold is placed on the student account for bills not paid on or before the due date of the bill.

The recommended option to pay for any direct expenses (tuition, fees, etc.), is to utilize the Mount Sinai Phillips School of Nursing Student Portal.

1. Full payment: This is the regular and preferred payment option with all tuition and fees paid prior to the start of the program.
2. Deferred Payment Plan: Deferred payment arrangements must be made with the Bursar’s Office one week prior to the start of classes. A one-time fee of $25 is charged to set up a deferred payment plan. A $50 late fee is charged for EACHinstallment paid after the due date.
3. A minimum payment of at least one third of tuition and fees is required on or before the start of classes. The tuition balance will be deferred if a payment plan has been established.

All financial aid paperwork, including loan applications, must be approved before the start of each semester. If financial aid does not cover the tuition charges in full, the student may combine above options to complete the payment obligation.

Cancellation of Classes for Non-Payment

In accordance with state law, payment for tuition and fees is due prior to the start of the term. Students registering in the billing period must pay tuition and fees or defer their bill by signing a Deferred Payment Agreement with the Bursar’s Office on the Main Floor. Accounts not paid, or not deferred by the due date, may result in cancellation of registration and may impact a student’s progression with the program. Past due prior term balances cannot be deferred or paid with financial aid for future terms.

Students whose schedules are canceled may find it difficult or impossible to re-register for the same courses because their seats may have been taken by students on wait lists. Students who register after the billing period and students who have been cancelled, who were originally registered during the early registration process, must pay estimated tuition and fees or provide proof that they are financial aid recipients prior to being able to access registration.

Refunds Checks

Financial Aid Refunds: Refunds of credit balances caused by financial aid exceeding student account charges will be refunded to the student by check. When the refund check is ready at the Office, an email notification will be sent to the student to pick up any refunds at the Bursar’s Office. Refund checks cannot be disbursed until the first day of classes for the semester. Once the semester has begun, refund checks are usually available for students to pick up at the Office of Financial Services within approximately 10 to 14 business days after the aid is placed on the student account.

Parent Plus Loans: Refunds of credit balances caused by Parent PLUS Loans exceeding student account charges will be refunded to the parent by check mailed to the address provided by the parent. If the student wishes to pick-up the Parent PLUS Loan refund check, the borrower must notify the Bursar’s Office in writing.

Non-Financial Aid Refunds: If a student account has a credit balance for reasons other than financial aid, the refund will not be generated until after the Add/Drop period for the semester. This includes overpayments where personal payments combined with financial aid exceed the balance, credit balances due to dropped classes, and other overpayments.

In most cases, credit balances are refunded directly to the student. However, some exceptions apply, for example when the credit is due to a potential over-award of financial aid, the credit may be held until the Scholarship Committee has reviewed the account. If financial aid is determined to exceed the federal definition of need, the over-award will be refunded to the appropriate financial aid fund. In the case of posting errors, the Office of Financial Services will reverse the error.

Tuition Liability Schedule for Fall, Spring, and Summer Semesters:

• Week 1 and/or prior - 100 percent refund (no charge)
• Week 2 - refund tuition only, no fees (charge all fees only)
• Week 3 - 70 percent refund (charge 30 percent)
• Week 4 - 50 percent refund (charge 50 percent)
• Week 5- 0 (full charge)

Federal Regulations require that students must meet certain academic criteria to continue receiving financial aid. Students’ academic standing is reviewed at the end of every semester. For certain cases, students not meeting the standard may be given a one-term financial aid probation semester and receive aid. If the standard is not met at the end of that term, no further aid will be awarded. Students should contact the Office of Financial Services for full details of the standard. 

Please read. This net price calculator is intended to provide an estimate of your potential financial aid package at Mount Sinai Phillips School of Nursing. Note: This estimator does not take the place of applying for financial aid.

Applicants must correctly follow the Nursing School’s financial aid application process and meet the published deadlines to be considered for financial aid. Note that costs and financial aid estimates are subject to change. The results of this estimator are not actual offers of aid and may be substantially different from the official aid offered by Mount Sinai Phillips School of Nursing. 

The Nursing School may not be held liable for any errors, omissions, or damages. The estimated awards provided by this reference tool are based upon the assumption that the student will complete the FAFSA accurately and all other data entered are true at the time of the estimate.

Note: Any information that you provide on this site is confidential. The Net Price Calculator does not store your responses or ask for personal identifying information of any kind. View Net Price Calculator