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Nursing Loans


Loans are an important component of assisting students in meeting their educational expenses. Student Financial Services encourages individuals utilizing loans to fully understand the terms of each loan and take only what is needed. This is because loans must be repaid. We also advise individuals to research loan repayment and employment options which can assist in meeting loan repayment obligations. Below are the different types of loans that students matriculating at the School of Nursing have used. Current and prospective students have access to our office year round by email, phone, or in person. Please do not hesitate to contact us with any questions or concerns. 


Federal Student Loans

Federal loans are provided by the U.S. Department of Education. To be eligible for federal loans, students must complete the FAFSA. The types of federal student loans used by students at the School of Nursing are listed below

The Federal Direct Unsubsidized Loan is a used to help cover a student’s expenses. Student do not have to demonstrate financial need and the maximum amount for a year is $20,500. Interest on the loan accrues while a student is enrolled in school and added to the principal of the loan. Students apply for the Federal Direct Unsubsidized Loan by completing the FAFSA. The most up to date interest rates and origination fee can be found by going to

Programs at the School of Nursing are graduate level only. Therefore, student are not eligible for Federal Direct Subsidized loans.

The Federal Direct Graduate PLUS is used to help cover a student’s expenses. To qualify for this loan students must complete the FAFSA, complete an application, and pass a credit check. Student do not have to demonstrate financial need. A student may apply for any amount up to the cost of attendance less any other financial aid. Interest on the loan accrues while a student is enrolled in school and added to the principal of the loan. The most up to date interest rates and origination fee can be found by going to

The Federal Perkins Loan has been discontinued by Congress. If you are working as a nurse and providing care directly to patients you are eligible to have your Federal Perkins Loan forgiven. Please refer to the application located here.


Private Loans

Private student loans are provided by banks, credit unions, or other types of lenders. The bank or lender, not the federal government, sets the interest rates, loan limits, terms, and conditions of the loan. Qualifying for and borrowing a private student loan maybe based on numerous factors that can include credit history, a co-signer and their credit history, income, and program of study. 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.


Nurse Faculty Loan Program

The purpose of NFLP is to increase the number of qualified nursing faculty to facilitate education of the nurses needed to address the nursing workforce shortage. Recipients receive a loan of up to $35,500 per year for their graduate education to become qualified nursing faculty. The program offers partial loan forgiveness for borrowers that graduate and serve as full-time nursing faculty for the prescribed period of time. Loan recipients may cancel 85 percent of the loan over four years in return for serving full time as faculty in any accredited school of nursing. To apply for funding complete the NFLP application.


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.

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.