- Federal Student Loans
Direct Unsubsidized Loans (Graduate or Professional Students) - 5.84% interest rate
Direct PLUS Loans (Graduate or Professional Students) - 6.84% interest rate
Nursing Student Loan (NSL) - 5% interest rateThe NSL Program is available if you are a U.S. citizen, U.S. national, or permanent resident who is enrolled at least half-time as a Doctor of Nursing Practice (DNP) student in a nursing degree program. Interest does not accrue during periods of deferment. If you accept a NSL, you will be required to complete a paper promissory note for the loan.
- Private Student Loans
Private loans are offered by private lenders like banks. Some students turn to private education loans when the federal loans don't provide enough money or when they need more flexible repayment options. However, since federal education loans are usually less expensive than and offer better terms than private student loans, you should exhaust your eligibility for federal student loans before resorting to private student loans.