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Admissions & Financial Aid

 

Student Loans

Nursing Loans

Federal and supplemental (private) student loans are available to assist students in meeting their educational expenses. Since loans must be repaid, our office encourages individuals who use this option to (a) fully understand the terms of each loan and (b) take only what is needed. We also advise individuals to research loan repayment and employment options which can assist in meeting loan repayment obligations.  If you have any questions about student loans, please contact our office.

Federal Perkins Loan

  • 5% interest rate
  • Interest deferred while enrolled at least half-time
  • Repayment begins 9 months after no longer enrolled at least half-time

Funding for this program is extremely limited and awards are made to students who demonstrate significant financial need. Priority is given to undergraduate students who enroll full-time. Provisions of this program allow borrowers who work in qualifying health care facilities to cancel 100% of the loan principal.  You can find more information about Perkins Loan forgiveness here. To be considered for the Perkins Loan, complete the financial aid application.  Apply for financial aid

Federal Nursing Student Loan

  • 5% interest rate
  • Interest is deferred while enrolled at least half-time
  • Repayment begins 9 months after no longer enrolled at least half-time

Funding for this program is extremely limited and awards are made to dependent students who demonstrate significant financial need. Priority is given to students who enroll full-time. Depending upon availability of funds, the annual maximum award is $5,500. To be considered, complete the financial aid application. Apply for financial aid

Federal Direct Loan

The U.S. Department of Education offers low interest loans at fixed rates ranging from 3.4%-7.9%. Depending upon the program, an origination/default fee equal to 1%-4% of the loan principal is charged, and the fee is automatically deducted from the loan proceeds. The School participates in three types of Federal Direct Loans:

Subsidized Direct Loan

A subsidized loan is awarded based on financial need. Interest is deferred while you are enrolled at least half-time. Repayment begins 6 months after you are no longer enrolled at least half-time.

Unsubsidized Direct Loan

If you do not demonstrate financial need you may borrow an unsubsidized loan. Unsubsidized loan interest accrues from the time the loan is disbursed until it is paid in full. You may pay the interest while enrolled in school or allow it to accrue. Accrued interest will be capitalized; meaning it will be added to the principal amount of the loan when it enters repayment. Repayment of principal and interest begins 6 months after you are no longer enrolled at least half-time.

Direct PLUS Loan

Provides supplemental unsubsidized loans to creditworthy graduate students and parents of dependent undergraduate students. There is no financial need requirement for this program. However, graduate students must first exhaust their eligibility for unsubsidized loans. All applicants are encouraged to take advantage of other federal loan funds before applying for a PLUS loan. Repayment begins within 60 days after the loan is fully disbursed. Borrowers may request a deferment while enrolled at least half-time.

To be considered for a Direct Loan, complete the financial aid application. Apply for financial aid

Eligibility for subsidized and/or unsubsidized loan funds is determined by the Office of Student Financial Services.

Loan terms and loan limits for each program are listed below:

Program

Eligibility

Interest Rate

Loan Fees1

Annual Limit

Aggregate

Subsidized Direct Loan

Half-time Undergraduate

3.86%

1.072%

up to $5,500

$23,000

Unsubsidized

Direct Loan2

Half-time Dependent Undergraduate

3.86%

Interest accrues while enrolled

 

 

 

1.072%

up to $7,500 - no more than $5,500 can be in subsidized loans

$31,000 including $23,000 in subsidized loans

Half-time Independent Undergraduate

3.86%

Interest accrues while enrolled

1.072%

up to $12,500 – no more than $5,500 can be in subsidized loans$57,500 including $23,000 in subsidized loans

Half-time Graduate

5.41%

Interest accrues while enrolled

1.072%

up to $20,500

$138,000 including $65,000 in previous subsidized loans

Direct Parent

PLUS Loan3

Half-time Dependent Undergraduate

6.41%

Interest accrues while enrolled

4.288%

up to the Cost of Attendance, less other aid received

None

Direct Graduate PLUS Loan3

Half-time Graduate

6.41%

Interest accrues while enrolled

4.288%

up to the Cost of Attendance, less other aid received

None

1Direct Loan program charges a loan fee as a percentage of the loan principal.

2Summer Accelerated undergraduate students can receive up to $15,000-$25,000 during their program, depending upon eligibility. Students in other undergraduate programs can receive up to $7,500-$12,500 per academic year, depending upon eligibility.

3Direct PLUS loans are approved by DOE based upon the credit worthiness of the borrower. Generally, loans enter repayment within 60 days of the full disbursement of the loan proceeds. However, borrowers may request a deferment.

Johns Hopkins Hospital Employee School of Nursing Tuition Loan

Johns Hopkins Health System Corporation / Johns Hopkins Hospital (JHHSC/JHH) employees who are enrolled at the School of Nursing can finance their tuition through this special loan program with the Johns Hopkins Federal Credit Union (JHFCU). For more information about this program, contact the JHHSC/JHH Benefits Office at 410-614-6504. .

Private Supplemental Loans

Supplemental loans are offered by banks and other student loan organizations. These private loans are used to supplement other forms of financial assistance and may also assist students who enroll less than half-time.

Johns Hopkins University does not endorse or recommend any lender, nor does the University have a financial interest in any lending institution. We will process an application from the lender of your choice. It is recommended that you first exhaust your eligibility for all federal loan programs before considering a supplemental loan. As with all loans, you are encouraged to borrow only what you need to meet your educational costs. Factors to consider when selecting a lender

Credit-based

Supplemental loans are credit-based and are not subject to the Federal Need Analysis Methodology. In order to receive a supplemental loan, borrowers must meet specific credit criteria established by the lender. Some borrowers may be required to apply with a co-borrower. Most lenders offer a reduced interest rate to applicants who apply with a co-borrower.

Apply

To apply, visit the lender's website and submit an online application using our school code: 002077-07.  All students who borrow a private supplemental loan, must submit a Private Education Loan Applicant Self-Certification form to the lender before a loan request can be processed.  Information requested on the form includes your Cost of Attendance and the amount of other financial aid you are receiving.

To access this information, log in to your ISIS Self-Service Account. The maximum loan amount cannot exceed your Cost of Attendance minus other aid you are receiving.

Along with the data requested on the form, your lender will also ask you for the loan period. Use the dates provided below for the 2014-2015 school year.

Period

Start Date

End Date

Summer 2014

06/01/2014

05/31/2015

Fall 2014

09/01/2014

05/15/2015

Spring 2015

01/27/2015

05/15/2015

Summer 2014 Only

06/01/2014

08/08/2014

Fall 2014 Only09/01/201412/19/2014
Spring 2015 (Summer Accelerated) Only01/05/201505/31/2015
Spring 2015 (Fall Accelerated and 1st Yr DNP) Only01/05/201505/15/2015
Spring 2015 (Graduate and PhD) Only01/26/201505/15/2015

When applying, consider the amount that you will need for the entire school year. Once approved, your lender will send JHU a Certification Request to confirm the amount of your loan eligibility. Your loan proceeds will be distributed equally throughout your loan period.

***For students who have received a private loan approval and are ONLY applying for private loans, please complete and submit the Student Aid Data Form. 

Loan Forgiveness & Repayment Assistance Program Options

Below is a list of loan forgiveness and repayment assistance options gathered by Student Financial Services. The options encompass Bachelors, Masters, and/or Doctoral degrees. Additional eligibility criteria may need to be met prior to applying for a respective program. Please contact the administering agency if you have any questions regarding your eligibility, the application process, or deadlines.

State of Maryland Janet L. Hoffman Loan Assistance Repayment Program

Federal Perkins Loan Cancellation

Public Service Loan Forgiveness Program

Nurse Corps Loan Repayment Program

Indian Health Services Loan Repayment Program

Florida Nursing Student Loan Forgiveness Program

Minnesota Nurse Loan Forgiveness Program

California Bachelor of Science Nursing Loan Repayment

California State Loan Repayment Program

Virginia State Loan Repayment Program

New York Nursing Faculty Loan Forgiveness Program

Massachusetts Loan Repayment Program

Iowa Registered Nurse and Nurse Educator Loan Forgiveness Program

District of Columbia Health Professional Loan Repayment Program

Texas Border County Doctoral Faculty Education Loan Repayment Program

Arizona Loan Repayment Program

Delaware State Loan Repayment Program

Iowa Loan Repayment Program

 

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