What is Aspen's monthly payment plan?
Aspen's Monthly Payment Plan charges a fixed monthly amount — $325 for bachelor's programmes, $415 for master's and $450 for doctoral — at a 0% fixed rate with no down payment, continuing until the programme is paid for. Approval requires a soft credit inquiry and a minimum 600 TransUnion score.
The arithmetic nobody prints
The monthly rate is published and the programme totals are published, but the two are rarely shown together. Divide one by the other and the commitment becomes visible.
The RN to BSN totals $14,750, which is about 46 payments at $325. The MSN totals $20,875 to $21,150, or roughly 51 payments at $415. The RN to MSN bridge totals $30,995 to $31,270 — about 76 payments. The DNP totals $39,030, which is about 87 payments at $450, or seven years and three months.
None of those numbers are secret. They simply never appear next to the monthly figure that sells the programme.
What it is good at
It removes pace risk. At schools that bill per session or per term, a slow year costs you real money. Aspen's total is fixed, so drifting costs you time rather than tuition. For a nurse who has stalled in a self-paced programme before, that protection is worth paying for.
It also spreads cost thinly enough to be affordable on a working nurse's budget without a lump sum or a down payment, which is genuinely rare.
Common questions
How much is Aspen per month?
$325 a month for bachelor's programmes, $415 for master's and $450 for doctoral, at 0% APR with no down payment.
How long do Aspen payments last?
Until the programme total is paid. That works out at roughly 46 months for the RN to BSN, 51 for the MSN, 76 for the RN to MSN bridge and 87 for the DNP.
Is there interest on Aspen's payment plan?
No. Aspen states a 0% fixed rate of interest with no down payment. It is, however, a private education loan rather than federal aid.