To apply for a federal loan, all students must complete the Free Application for Federal Student Aid (FAFSA). To receive federal student loans, graduate students must be enrolled in at least three credit hours per semester during the fall/spring semesters and two credit hours during the summer semester. Federal policy does not allow disbursement of a loan during a semester in which a student is enrolled for fewer than the required credit hours.
|Direct Unsubsidized Loan||Direct Grad Plus Loan|
|Each academic year||$20,500||Up to total Cost of attendance|
|Aggregate Limit||$138,500||Up to cost of attendance|
Interest rates change from year to year. For more information about federal loans, visit the Federal Student Loan website.
Nurse Faculty Loan
This loan program provides forgiveness of up to 85% of the loan for those who work as full-time nursing faculty or instructors for a period of time after graduation. This program is for students pursuing a Post-Master’s Doctor of Nursing Practice degree. Nurse Anesthesia students are not eligible to participate in this program. Please note the following requirements for the program:
Must complete a Free Application for Federal Student Aid (FAFSA).
Must be a US citizen or permanent resident.
Must complete a total of 9 credit hours in education coursework from the following courses in order to qualify for the Nurse Faculty Loan Program: N741, N742, N743 and three of the following: N732, N733, N735, N738, N744, N746, N747, N748, N749, or N750.
Must be enrolled at least half-time (three credit hours during the fall/spring semesters; two credit hours during the summer semester).
Must be employed in a full-time nurse faculty position within 12 months of graduation, and you must notify the Student Loan Office immediately once employed.
The loan covers tuition, fees, and books, minus any other resources toward tuition, up to a maximum of $35,500 per academic year. Funding is awarded annually by Health Resources Services Administration (HRSA) and is not guaranteed. Returning borrowers are given funding priority each academic year.
Private Education Loans
When all federal loan options have been exhausted, or when a student is enrolled less than half-time and therefore not eligible for federal loan funding, private education loans may be utilized. Private loans are loans borrowed from a source other than Duke or the federal government to help finance education expenses. We strongly encourage you to use all available federal loan programs before using private loans.
A student can borrow an education loan from any financial institution of his/her choosing. Duke also offers a Lender List to assist students when applying for a private loan.