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Federal Nursing Loan

Federal Nursing Loans are awarded to undergraduate nursing majors who demonstrate financial need and are enrolled at least half-time in courses that are degree-applicable. The Nursing Loan is interest-free while the student is enrolled at least half-time. The fixed 5% interest rate does not start to accrue until after the 9-month grace period of when a student graduates, drops below half-time, or withdraws.

1. Complete the FAFSA

Complete the Free Application for Federal Student Aid (FAFSA) online

2. Records Your eAward Decision

Access Financial Aid from myCU and log in. Select ‘Review and accept your Financial Aid Award Package’ to either ‘Accept’ or ‘Reject’ your loans.

3. Student Completes Loan Documents with UAS

After you accept the Nursing Loan, you will:

NOTE: Cedarville partners with University Accounting Services, Inc. (UAS), to process the Nursing Loan Program. All questions about signing your loan documents should be directed to UAS.