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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 Direct Loan

The U.S. Department of Education offers low interest loans at fixed rates currently ranging from 4.29% to 6.84%. Depending upon the program, a loan origination fee currently ranging from 1.068% to 4.292% 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

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

Program

Eligibility

Interest Rate1

Loan Origination Fees2

Annual Limit

Aggregate

Subsidized Direct Loan3

Half-time Undergraduate

4.29%

1.068%

up to $5,500

$23,000

Unsubsidized

Direct Loan

Half-time Dependent Undergraduate

4.29%

Interest accrues while enrolled

 

 

 

1.068%

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

4.29%

Interest accrues while enrolled

1.068%

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

5.84.%

Interest accrues while enrolled

1.068%

up to $20,500

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

Direct Parent

PLUS Loan3,4

Half-time Dependent Undergraduate

6.84%

Interest accrues while enrolled

4.292%

up to the Cost of Attendance, less other aid received

None

Direct Graduate PLUS Loan4

Half-time Graduate

6.84%

Interest accrues while enrolled

4.292%

up to the Cost of Attendance, less other aid received

None

1Loans first disbursed on or after 7/1/15 and before 7/1/16.

2Direct Loan program charges a loan fee as a percentage of the loan principal. The loan origination fees shown above are for loans disbursed On or after 10/1/15 and before 10/1/16.
3Graduate students are ineligible for subsidized Direct Loans and Direct Parent PLUS Loans.
4Direct PLUS loans are approved by the Department of Education 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. Supplemental loans are credit-based so borrowers must meet specific credit criteria established by the lender. Some borrowers may be required to apply with a co-borrower. 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

Loan Forgiveness & Repayment Assistance

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.

Federal

State

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