The Federal Nursing Student Loan (NSL) offers low-interest, fixed-rate loans to students who qualify based on financial need.

 This loan program is managed by individual campuses and has limited funds, which are distributed on a first-come, first-served basis. To be eligible, students must be enrolled in at least 6 credits, show financial need, and maintain satisfactory academic progress.

About the Nursing Student Loan

  • Awarded to undergraduate students
  • Award amounts are based on availability of funds and are awarded on a first come, first served basis.
  • Maximum annual award amount varies. (See table below)
  • Interest rate: 5.0% beginning at the start of repayment.
  • 9-month grace period, after graduation or once enrollment drops below half-time.
  • Borrowers are not required to make payments while enrolled at least half-time, or during their grace period.
  • No loan fees.
  • Verification required, if selected.
Aid Year Award Maximum
2023-2024 $4,816 – $7,576
2024-2025 $5,693 – $8,955
2025-2026 $5,936 – $9,338

Application Process

  • Complete a Free Application for Federal Student Aid (FAFSA) at studentaid.gov.
  • Must demonstrate financial need.
  • Complete Promissory Note, Entrance Counseling, and Loan Disclosure requirements sent from Adelphi University’s One-Stop Student Services Center.

Loan Repayment

  • Recipients are required to complete Exit counseling upon graduation or when enrollment drops to less than half-time.
  • Repayment begins after a 6-month grace period with minimum monthly payments of $40, and maximum repayment period of 10 years.
  • Payment is made to ECSI.
  • Can be consolidated with other federal loans.
  • No penalty for early repayment.

Submit for the Federal Nursing Student Loan




Contact
Phone Number
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Location
Levermore Hall, 008 LL
Hours
Fall Semester Hours
In-Person Payments
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