Visit Health Watch for COVID-19 updates. Find Employee Return to Campus and Student Return to Campus information.
Emergency Notification

Nursing Loan

What is a Nursing Student Loan?

The Nursing Student Loan is a low interest loan available to Nursing students at Cal State L.A during Fall and Spring. The loan is deferrable and does not accrue any interest while a student is enrolled at least half-time (6 units). The current loan interest rate for the Nursing Student Loan is 5%. 

When will I begin to repay the loan?

Repayment of the loan begins 9 months after the student graduates, leaves school, or enrolls in less than half-time (6 units).  The repayment of the loan will be scheduled over 10 years on a monthly basis and there is no penalty for early repayment.  Nursing Student Loan borrowers have standard repayment and income-based repayment plans available.   Borrowers may qualify for repayment assistance by participating in the Nurse Corps Loan Repayment Program.

Who is eligible for the Nursing Student Loan?

  • Undergraduate Nursing Students
  • Enrolled Half Time (6 units)
  • Valid FAFSA submitted by March 2nd
  • Currently meeting Satisfactory Academic Progress Policy
  • Unmet need in accordance with the established Cost of Attendance for the academic year

How do I know if qualify?

The Financial Aid and Scholarships Office will automatically award eligible students who meet the criteria. Students will be notified about their eligibility for this loan via email.  

Requirements to receive Nursing Loan Funds?

Students interested in borrowing their Nursing Loan are required to complete the 3 Step Nursing Loan Process listed below:

Step 1: Review all Nursing Loan information on this website
Step 2: Accept Nursing Loan Offer on GET
Step 3: Contact Student Loan Services and Collections Office to schedule an appointment to complete the Student Loan Entrance Interview Counseling Session and sign a Nursing Loan Promissory Note. Due date to complete these requirements is April 21, 2023. Using your Cal State LA email, students can contact the following staff in the Student Loan Services and Collections Office to schedule an appointment:

Is the Nursing Loan Renewable?

Nursing Loan funding is limited and is based on annually allocated funding. Receipt of funds in one year does not guarantee receipt of funds in subsequent years.

Additional information for health care professionals can be found at the Health Resources & Service Administration.