Nursing Student Loan
Nursing Student Loans are available to undergraduate students enrolled in the College of Nursing who demonstrate exceptional financial need. Students will automatically be considered for the Nursing Student Loan if they complete the Free Application for Federal Student Aid (FAFSA) and other required documents. Funds are limited and are awarded on a first-come, first-served basis.
After a student is awarded a Nursing Student Loan, they must complete an electronic Master Promissory Note (MPN) to receive the funds.
Repayment information is available on the University of Iowa Student Loan Accounting Office web site.
Lender |
The University of Iowa |
|---|---|
Interest Rate |
5% |
Interest Free in School |
Yes |
Loan Fees |
None |
Annual Maximums |
$2,500 prior to last two years of study $4,000 during last two years of study |
Cumulative Maximums |
$13,000 |
Grace Period |
9 months |
Standard Repayment Period |
Up to 10 years (additional repayment options beyond 10 years may be available) |
Minimum Payment |
$40 per month |