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.

Award Amounts

• Award amounts vary based on availability of funds and financial need.