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Nursing Loans

The Federal Nursing Student Loan (NSL) program is designed to provide low-interest federal student loans to students pursuing a degree in Nursing and who demonstrate financial need based on their FAFSA data.  Based on the availability of funds, students pursuing a bachelor's or master's degree in Nursing may qualify for this loan.  Up to $3,000 may be borrowed annually for the first two years of undergraduate study in the nursing program, and up to $5,200 annually for subsequent undergraduate study. The aggregate lifetime total of NSL funds borrowed cannot exceed $17,000. 

Eligibility

Applicants must:

  • Be admitted and enrolled in a CSUB Nursing program;
  • Be enrolled at least half-time;
  • Have financial "Need"

Accepting / Declining or Reducing your Loan

Once you are awarded a Nursing Loan, you will need to:

Note: If you want to reduce your loan amount prior to disbursement, please contact the CSUB Financial Aid Office.

Details

  • Fixed 5.0% interest rate.
  • No loan origination fees
  • No interest or payments while enrolled at least half-time.
  • Repayment begins 9-months after students either graduate or drop below half-time enrollment, whichever occurs first.

 Repayment

Repayment does not begin until nine months after students either graduate or drop below halftime enrollment, whichever occurs first. At the time a student graduates or drops below half-time enrollment they will also need to complete loan Exit Counseling.



Office of Financial Aid & Scholarships

9001 Stockdale Highway
Bakersfield, CA 93311-1022 

Phone: (661) 654-3016
Fax: (661) 654-6800
Email: finaid@csub.edu

Office Hours

Federal School Code: 007993

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