CapacityPlus, Ethiopia’s federal ministries of health and education, and the Nursing Education Partnership Initiative conducted a retrospective cost assessment of the undergraduate nursing and midwifery programs at University of Gondar College of Medicine and Health Sciences and Arbaminch College of Health Sciences. Presented at the Third Global Symposium on Health Systems Research in Cape Town, South Africa, on October 3, 2014, this poster summarizes the study, which used primary source data to estimate the cost of producing nursing and midwifery graduates, identified constraints in infrastructure and materials affecting the quality of education, and showed the financial impact on the cost per graduate of overcoming some of those constraints.