Loan Options

Graduate Federal Loans

Availability: MN MSN DNP CRNA

To apply for federal loans, complete the following applications after you have submitted your admission application.

Students interested in borrowing federal loans must complete the Free Application for Federal Student Aid (FAFSA). Eligibility for graduate federal loan funding is based on a minimum enrollment of three credit hours during the fall/spring semesters and two credit hours during the summer semester. Federal policy does not allow the disbursement of a loan during a semester in which a student is enrolled in fewer credit hours than the minimum requirements.

There are two federal student loans awarded to graduate students. The Federal Direct Unsubsidized and Graduate Plus loans accrue interest at the time of disbursement. Visit the Department of Education website for federal loans and current interest rates.

 

Direct Unsubsidized Loan

Direct Grad Plus Loan

Each academic year

$20,500

Up to the total Cost of attendance

Interest rate

7.94%

8.94%

Credit-based

No

Yes

Aggregate Limit

$138,500

Up to the cost of attendance

Origination Fee

1.057%

4.228%

Nurse Faculty Loan

Availability: MSN DNP
MSN - Nursing Education Only

The Nurse Faculty Loan Program (NFLP) is a Health Resources and Services Administration (HRSA)-funded loan forgiveness program for Post-Master's Doctor of Nursing Practice (DNP) and Master's in Nursing Education students committed to becoming a faculty member in an accredited school of nursing.

To learn more, visit our Nurse Faculty Loan Program page:

Nurse Faculty Loan Program

Private Education Loans

Availability: MN ABSN MSN DNP CRNA

When all federal loan options have been exhausted, or when a student is enrolled below the minimum credit hour requirement and not eligible for federal loan funding, private student loans may be available. Private student loans are borrowed from a private lender source other than Duke or the federal government to help finance education expenses. Approval of a private student loan is based on your credit history and the additional qualifications of the private lender.

A student may borrow a private student loan from a private lender. Duke also offers a Lender List to assist students when applying for a private loan.

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