You can receive a Nursing Loan if you:
First, find out about other loan options. You may qualify for Federal educational loans. For more info, contact the Financial Aid Office or the Department of Education.
Complete the self-certification form and the Financial Aid Online Award Acknowledgment in TruView under the Student tab. You may also get a paper form from the Financial Aid Office.
If you are approved, the loan terms will be available for 30 days. Terms will not change during this period, except as permitted by law.
Interest: Five percent (5%) fixed per annum on the unpaid principal balance, with interest to accrue beginning nine months after graduation, withdrawal or reduction in enrollment to less than half-time status
Service Charge: None
Repayment: Payments of at least forty dollars ($40) per month shall begin nine months after graduation, withdrawal or reduction in enrollment to less than half-time status.
Deferment of Repayment: Available upon request for military service, Peace Corps, to pursue nursing advanced professional training under certain requirements, or schooling under certain requirements.
Loan Fees: Late payments may be assessed at a rate not to exceed an amount equal to 6% of the amount of such installment on loans more than 60 days past due. Loans in default and sent to an outside collection agency are subject to collection fees of up to 50% of the loan balance.
Bankruptcy Limitations: If you file for bankruptcy you may still be required to pay back the loan.
More information about loan eligibility and repayment deferral or forbearance options is available on your loan application and loan agreement.
|Loan Amount||Estimated Total Cost|
|Loan Program||Current Interest Rates by Program Type|
|PERKINS for students||5% fixed|
|STAFFORD for students||3.86% fixed - Undergraduate subsidized
3.86% fixed - Undergraduate unsubsidized & 5.41% fixed - Graduate unsubsidized
|PLUS for parents and Graduate/Professional students||6.41% fixed - Federal Direct Loan|