The Federal Nursing Loan Program is a need-based program. The interest rate is 5%. Interest is subsidized until you begin repayment, which begins nine months after you complete or withdraw from your academic program.
To be considered for eligibility, a student must first complete a Free Application for Federal Student Aid (FAFSA) each academic year. The results of the FAFSA will determine if the student has need. Nursing majors who have completed a FAFSA should contact our office via email at osfa@tcnj.edu to have their eligibility determined.
Annual award amounts are based on academic grade level:
- Freshmen and sophomores – $3300
- Juniors and seniors – $5200