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.
