Nursing Loan

The Nursing Loan is a need-based loan with the University of Portland acting as the lender.

The loan is subsidized (interest does not accrue) while the student is in school and during the 9-month grace period. The interest rate is 5% and there is no origination fee.

Application Procedures

To be considered for a Nursing Loan, students must:

File a FAFSA;
Complete verification;
Accept the loan via Self Serve Banner;
Complete a Nursing Loan Confirmation Form; and
Sign a Master Promissory Note (MPN). ECSI (the servicer for your Nursing Student Loan) will email you 3-5 business days after you have completed the confirmation form with further instructions.

Selection Criteria

To qualify for a Nursing Loan, students must:

Meet all eligibility requirements to receive Title IV Aid;
Be a nursing student enrolled at least half time (6 credits undergraduate; 5 credits graduate); and
Demonstrate exceptional financial need.