May 20 2017

Nursing Student Loans (NSL) #usda #loan

#educational loans

Nursing Student Loans (NSL)

Nursing Student Loans is a program that makes funds available to eligible accredited U.S. schools of nursing, which match at least one ninth of the funding, and use the funds to establish revolving funds that support long-term, low-interest loans for eligible students with financial need.

Schools are responsible for selecting loan recipients, making reasonable determinations of need, and providing loans that do not exceed the cost of attendance including tuition and reasonable educational and living expenses.

Eligible Schools

Accredited schools of nursing located in the U.S. and its territories that train students in any of the following nursing degree programs are eligible to participate in the Nursing Student Loans program:

  • Diploma
  • Associate
  • Baccalaureate
  • Graduate

Participating schools enter into a written agreement with the Secretary, U.S. Department of Health and Human Services, which requires them to adhere to a number of requirements.

Schools can make loans only to students who are U.S. citizens, nationals or lawful permanent residents (those with student or visitor visas are not eligible), are enrolled or accepted for enrollment as part time or full time students in the school and are in need of financial assistance.

Nursing schools that are interested in participating should contact 301-443-1173.

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