The Federal Nursing Loan is a federally subsidized, low-interest rate loan for students accepted and enrolled in the PLNU Nursing program who demonstrate exceptional financial need.  Pre-Nursing students are not eligible.

  • Loan Amounts:  Varies. Determined by PLNU based on available funding.  
  • Interest: Fixed at 5% and begins accruing nine months after graduation, withdrawal or dropping to less than half-time status.
  • Repayment: Begins nine months after graduation, withdrawal, or dropping less than half-time.

If you are awarded a nursing loan, you must sign a promissory note at the beginning of each semester before funds can be applied to your account.

Entrance and Exit Counseling 

Entrance Counseling is required before Perkins' funds can be disbursed to your student account.  Exit Counseling is required when you have graduated, withdrawn, or enrolled for less than half time.  The purpose of loan counseling is to advise you of your rights and responsibilities for borrowing a Nursing Loan, deferment and forbearance options, and repayment options.  Entrance counseling is completed at the time you sign the Nursing Loan Promissory Note at   For Exit Counseling, you will receive an e-mail from PLNU at the time of graduation, withdrawal, or enrolled for less than time, directing you online.


Please contact an SFS Advisor to determine if you are eligible to apply.

Note: funds are limited; not all students who meet the qualifications for a Nursing Loan will receive the Loan. PLNU is the lender for this loan, so repayment will be to the university or its servicer ECSI. 

Caution:  Federal Nursing Loans are considered Federal funds and therefore are subject to similar repayment guidelines as other federal loans.  Non-repayment of a Federal Nursing Loan must be reported by PLNU to the federal government and will affect your credit score.