Nursing Student Loan
- Nursing Student Loans are awarded to eligible nursing students with high documented financial need.
- Students may borrow up to $5,500 per year in their 1st and 2nd year of study and up to $8,000 per year in their 3rd and 4th year of study, up to an aggregate of $27,500. Graduate students may borrow up to $8,000 per year, up to an aggregate of $60,000.
- Annual interest rate is 5%.
- Interest does not accrue and repayment is not required as long as the student is enrolled for at least six semester hours as a nursing major.
- Repayment begins nine months after a borrower graduates or ceases to be enrolled for at least six semester hours as a nursing major.
- Students who change their major form Nursing go into immediate repayment. Such students may request an annual forbearance if enrolled full time.
- Entrance loan counseling is required EACH year.
The lender for the Nursing Student Loan is Texas Woman’s University. ²ÝÝ®´«Ã½¹ÙÍøÏÂÔØ utilizes the loan billing services of Heartland ECSI. After you graduate or drop below half-time enrollment, all general billing questions should be directed to Heartland ECSI at 888-549-3274. Questions regarding forbearance or deferment should be directed to or 888-549-3274.
Students should exhaust all federal aid options (including grant, loan, and work-study programs) before utilizing a private student loan. The repayment terms and conditions of a federal student loan may be more favorable than the provisions of a private student loan.
Page last updated 11:08 AM, October 3, 2023