Nursing Student Loan - Undergraduate
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How to Apply
To apply for this loan, complete the Free Application for Federal Student Aid (FAFSA) for your academic program. Penn will notify you if you are eligible for a Nursing Student Loan and share instructions on how to complete the application.
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 |
|---|---|
| Junior (entry term) | $4,000 |
| Senior | $7,500 |
| Aggregate Limit | $20,000 |
