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Nursing Student Loans
A Nursing Student Loan is a low-interest Federal loan offered to nursing majors (undergraduate 3rd and 4th year and eligible graduate students) who have filed a FAFSA by March 1 of the preceding academic year (e.g. March 1, 2004 for Fall/Spring 2004-05).
You must be a full-time student to be eligible. This loan is NOT available for part-time students.
Nursing loans do not accrue interest as long as you remain registered for at least 6 hours each semester. Interest begins to accrue at the rate of 5% annually 9 months after you graduate or drop below the six-hour registration requirement.
Repayment of the principal, together with accrued interest, will be required within a 10-year period, excluding any eligible periods of deferment.
Last updated: Thursday, 14-May-2009 11:38:01 EDT
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