Nursing Student Loan
The Nursing Student Loan (NSL) program is available if you are a U.S. citizen, U.S. national, or permanent resident who is enrolled at least half-time as an undergraduate or graduate student in a nursing degree program. You may be awarded up to $3,300 each academic year, depending on your need. This annual limit increases to $5,200 during your final two years of the nursing program. The aggregate NSL maximum is $17,000. The interest rate is 5 percent. Interest does not accrue during periods of deferment.
Each and every time you accept an NSL, you will be mailed a paper promissory note and loan disclosure form that you are required to complete and return to Student Account Assistance before loan funds can be disbursed to you.
You are also required to attend an exit counseling when you:
- are about to graduate.
- leave the University (even if it is just temporary).
- drop your registration below half-time enrollment.
- transfer to another school.
- leave for a National Student Exchange (NSE) experience.
For essential information about NSL, use the "What's inside" links in the upper left of this page.