A federal Nursing Student Loan (NSL) is available to students who:
- have filed the FAFSA;
- demonstrate financial need;
- and are accepted to the third or fourth year of Augustana's traditional or accelerated nursing program;
- or are accepted to the Master of Science in nursing (MSN) program.
Students who are awarded a nursing loan will need to complete:
- verification of your current FAFSA. A letter with details will be sent to your home address.
- an entrance counseling form.*
- a master promissory note.*
* These must be completed in the Office of Financial Aid prior to your classes starting.
What are the terms of the Nursing Loan?
- Interest free while in school and for nine months after graduation
- Five percent fixed interest rate
- Must sign master promissory note & disclosures annually
- Repayment required (no opportunities for loan forgiveness) to UNISCA