Undergraduate Nursing Loan Program is not currently available during the 2023-2024 Academic Year.
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%.
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.
- 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
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.
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. Via Cal State LA email, students can contact the following staff in the Student Loan Services and Collections Office to schedule an appointment:
- A-K: Lorena Albarran = [email protected]
- L-Z: Patricia Fernandez = [email protected]
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.