Financial Aid: Federal Nursing Loan

  • Low-interest loans for undergraduate and graduate students with exceptional financial need
  • Loans are made with government funds through a school's financial aid office, and The University of Scranton acts as the lender. 
  • You are not responsible for paying the interest on the loan during in-school, grace and deferment periods

Interest rate

Fixed interest rate of five (5) percent

Loan limits

  • Annual
    • $3,300
    • $5,200 - last two years of study
      • Schools are permitted to increase proportionately the annual maximum amount for students enrolled in a nursing school that provides a course of study within a 12-month period that is more than nine months long.
      • Therefore, the annual amount can be more than $5,200.
  • Aggregate: $17,000
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