Federal Nursing Loan (FNL)

Eligibility Criteria

1. Enrolled full-time in an undergraduate degree program in nursing
2. Must show financial need
3. U.S. citizen or eligible non citizen
4. Maintaining satisfactory academic progress

Selection Process

The Federal government funds the program. Marquette selects eligible students and determines each student's loan amount.

Terms

For the 2009-2010 academic year, the interest rate will be a fixed rate of 5%. No interest accrues while the student is enrolled at least half-time. Standard repayment period is 10 years. Repayment beginas and interest accrues 9 months after the last date of half-time enrollment. Students are billed quarterly by Marquette's Student Loan Accounts. Student must have completed exit interview prior to leaving Marquette.

Application Process

File the Free Application for Federal Student Aid (FAFSA).

Renewal Process

Renewed only if all necessary forms are processed and received prior to March 1, students continue to meet eligibility requirements, and funds are available at time that the application is complete.