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 a graduate student in a nursing degree program. You may be awarded up to $2,500 per academic year, depending on your need. This annual limit increases to $4,000 during your final two years of the nursing program. The aggregate NSL maximum is $13,000. The interest rate is 5 percent. Interest does not accrue during periods of deferment. For consideration, you must report parental data on the FAFSA, even if you have independent student status.

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 SFC before loan funds can be disbursed to you.

You are also required to attend an exit interview 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, go to the "Read about" links in the upper left of this page.