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Federal Nursing Loan (NSL)

Eligibility: FAFSA filed; must demonstrate financial need

Interest Rate: 5.0%, fixed rate; interest does not accrue during deferment and grace periods

Award Amount: Awarded to students in selected Nursing Programs for the academic year with disbursements divided equally between fall and spring terms

Notes: These low-interest loans are made with government funds through a school's financial aid office. The school acts as the lender. You are not responsible for paying the interest on the loan while enrolled as at least a half-time student.