Additional Loans for Nursing School

When scholarships and Federal loans are not enough, the GradLoans Alternative Student Loan is here to bridge the gap of the cost of your education. Specially created for graduate students and families with unmet financial need, our goal is to make education possible!

 

Apply for Nursing Student Loans
Our Nursing Student Loan Advisers can help answer any questions you may have and help you through the application process

Why is the Nursing Student Aid Alternative Student Loan so unique?

  • Fast preliminary approvals, usually within minutes.
  • Low interest rates and fees, high annual maximums
  • A variety of repayment options - full deferment until you leave school
  • No application fee or out-of-pocket expenses
  • You can use this loan to cover any education related expenses, including transportation, computers, books and room and board
  • 24/7 online account status access
  • No prepayment penalties

How do I qualify?

  • You must be a U.S. Citizen or Permanent resident with a valid permanent-resident card; or
  • An international student applying with a U.S. citizen or permanent resident Co-Borrower.
  • Be at least 18 years old, or the age of majority in your state;
  • Be enrolled at least half time at an eligible college or university;
  • Meet our criteria for creditworthiness. If you do not meet our criteria, please consider applying with a creditworthy co-borrower.
  • Undergraduate students may apply for Private Student Loans for College at www.Nursingstudentaid.com

How much can I borrow?

  • Annual minimum of $1,500
  • Annual maximum of the lesser of $30,000 or cost of attendance minus other aid
  • Annual maximum of the lesser of $40,000 for some schools where the program has determined that the annual cost of attendance exceeds $30,000 or cost of attendance minus other aid for Dental, Law, Nursing, Osteopathic and Business School Loan

What is my interest rate going to be?

In School Rates as low as

  • LIBOR + 3.75% (Immediate Interest and Principal Repayment)
  • LIBOR + 3.75% (Immediate Interest and Deferred Principal Repayment)
  • LIBOR + 4.15% (Both Deferred Interest and Principal Repayment)

Repayment Rates as low as

  • LIBOR + 4.30% (Immediate Interest and Principal Repayment)
  • LIBOR + 4.40% (Immediate Interest and Deferred Principal Repayment)
  • LIBOR + 4.50% (Both Deferred Interest and Principal Repayment)

Annual Percentage Rate (APR) and Repayment Example:

If you borrowed $10,000 in a single installment, the 3 month LIBOR remained constant at 3.42% and you had a 24-month combined in-school and 6 month grace period with a 180-month repayment period, your possible APR and repayment schedules are shown below. Your annual percentage rate may increase or decrease after consummation.

Repayment Option Origination Fee APR In School & Grace Period Repayment Period
Immediate Interest and Principal Repayment 0% 6.24% 30 payments of $84.39 150 payments of $86.13
Immediate Interest and Deferred Principal Repayment 0% 6.26% 30 payments of $50.00 180 payments of $86.43
Both Deferred Interest and Principal Repayment 3% 6.60% 30 payments of $0.00 180 payments of $103.40

 

Apply for Nursing Student Loans
Our Nursing Student Loan Advisers can help answer any questions you may have and help you through the application process