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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.