Nursing Student Loan
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This federally funded loan is awarded by the University of Pennsylvania to undergraduate Nursing students based on evaluated financial need. Funds are limited, and are usually awarded to supplement Federal Direct Loans.
How to Apply
To apply for this loan, complete the standard financial aid application for your academic program. Penn will notify you if you are eligible for a Nursing Student Loan and share instructions on how to sign your loan note.
Rates, Fees & Repayment
The interest rate is 5%, and interest is subsidized until you begin repayment, which begins nine months after you complete or withdraw from your academic program.
Borrowing Limits
|
Class Year |
Annual Maximum |
|---|---|
|
First-year/Sophomore |
$2,500 |
|
Junior/Senior |
$4,000 |
|
Aggregate Limit |
$20,000 |
