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
    • $2,500
    • $4,000 - 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 $4,000.
  • Aggregate: $13,000