Nursing Student Loans

To increase educational opportunities by providing long-term, low-interest loans to students in need of financial assistance and in pursuit of a course of study in an approved nursing program.

To increase educational opportunities by providing long-term, low-interest loans to students in need of financial assistance and in pursuit of a course of study in an approved nursing program.

All accredited public and nonprofit private schools of nursing that prepare students for practice as registered or graduate nurses, and that do not discriminate against students because of race, color, origin, gender, or handicapping conditions, are eligible to apply for funds to be disbursed to qualified nursing students. Federally Recognized Indian Tribal Governments and Native American Organizations may apply if they are otherwise eligible.

The Nursing Student Loan Program provides financial assistance to nursing students who are citizens, nationals or lawful permanent residents of the United States or the District of Columbia, the Commonwealth of Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands, Guam, American Samoa, the Republic of Palau, the Republic of the Marshall Islands, and the Federated States of Micronesia.

The maximum amount a student may borrow is $5,936 for an academic year for each of the first two years, $9,338 for each of the final two years of a baccalaureate or graduate degree program, or the amount of the student's financial need, whichever is less. The total of all Nursing Student Loans to any student is limited to$29,227. Loans will be made to full and half-time nursing students enrolled after June 30, 2026 who are citizens, nationals, lawful permanent residents of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands, Guam, American Samoa, the Republic of Palau, the Republic of the Marshall Islands, and the Federated States of Micronesia. Funds are made to schools of nursing to capitalize loans.

The maximum amount a student may borrow is $5,936 for an academic year for each of the first two years, $9,338 for each of the final two years of a baccalaureate or graduate degree program, or the amount of the student's financial need, whichever is less. The total of all Nursing Student Loans to any student is limited to$29,227. Loans will be made to full and half-time nursing students enrolled after June 30, 2026 who are citizens, nationals, lawful permanent residents of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands, Guam, American Samoa, the Republic of Palau, the Republic of the Marshall Islands, and the Federated States of Micronesia. Funds are made to schools of nursing to capitalize loans.

Length and time of assistance depends upon the time required by the student to complete the required course of study leading to a degree and is subject to availability of funds.

Applications will be reviewed for completeness, eligibility, and accuracy to determine if applicant schools meet minimum program requirements.

Notification of award is made in writing (electronic) through a Notice of Award. The Notice of Award is sent to the School's Contact Person notifying the school of the amount of federal funds allocated for loans prior to the beginning of the academic year in which the award is to be utilized. The student is notified by student aid office of approval or disapproval at times determined by schools.

To apply for a Loan Program call 1-877-464-4772 for application deadlines.

Approximately 120 - 180 days after receipt of applications.

Applications are only required for new schools. Annual Operating Reports are required for renewals.