Federal Direct Loan Program

For graduate students, this program offers only unsubsidized loans (student pays or defers interest that accrues while in attendance). Effective July 1, 2012, federal regulations were established by Congress that eliminated the interest rate subsidies on Federal Direct student loans for graduate students.

Graduate students may borrow up to $20,500 per year, as long as they are matriculated and attending at least half-time for every semester they wish to receive loan funding.

The aggregate a student may borrow under the subsidized program is $65,500 including undergraduate Stafford Loans; the combined lifetime total for both segments is $138,500.

Disbursement of this loan will occur within two weeks of the start of each semester. Although tuition payment may be deferred until the funds arrive from the U.S. Department of Education, students should not expect any disbursements from this loan before its receipt.

The College participates in the Electronic Funds Transfer (EFT) process that allows funds to be forwarded to the college electronically.

The School of Nursing applies for federal HRSA Nurse-Traineeships on an annual basis. These monies, if awarded, are given to eligible full-time graduate nursing students (9 credits a semester) or students within 12 months of graduation.