Nursing Student Loan Program
The Nursing Student Loan (NSL) Program is available to eligible students pursuing a bachelor’s degree in nursing. You can be considered for these programs only if you provide your parent's income and asset information on your Free Application for Federal Student Aid (FAFSA). These loans are available for students who are enrolled at least part time.
Eligibility
The Office of Financial Aid (OFA) determines eligibility based on proven financial need and availability of funds. These programs are awarded in late June after your initial aid awarding.
- Pursuing a bachelor's degree in nursing
- Enrolled at least part time for loan disbursement
- Demonstrated financial need
- U.S. Citizen or eligible non-citizen
- Parent information entered on the FAFSA, depending on your age
Terms
- Interest is subsidized by the federal government during in-school, grace and approved deferment periods
- 5% fixed interest rate
- Deferment and forbearance options available
- Standard 10 year repayment schedule; minimum $40/month payment
- Loan amounts per year are limited to $3,300, except for the last two years, a student can receive $5,200
- The aggregate maximum NSL that any nursing student may obtain is $17,000