UCAS figures show student nursing applications in England are much lower than three years ago, with funding reforms failing to deliver.
RCN urges governments to commit to longer-term funding for nursing bursaries in Wales and greater investment in nurse education in England.
The majority of nursing students will be no better off with reduction in university fees by 2021.
No new money is announced for nursing higher education following fall in applicants in England.
Poll shows the public recognises the dangerous shortfall of nurses and wants investment in the future nursing workforce.
The College is calling for £1bn to be invested in student nurse funding.
RCN produces costed alternatives for higher education funding in England to encourage more people to study nursing.
Students are urged to contact their MPs ahead of the debate.
RCN responds to NMC figures showing the number of UK nurses and midwives registering for the first time is falling.
RCN student members have today launched a campaign calling for the Government to prioritise funding for nursing higher education in England.