Graduate Loan Options

Federal Loans

Students interested in borrowing federal loans must complete the Free Application for Federal Student Aid (FAFSA). Graduate students must be enrolled in a minimum of three credit hours during the fall/spring semesters and two credit hours during the summer semester to be eligible for federal loan funding. Federal policy does not allow 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 both accrue interest at the time of disbursement. For more information regarding federal loans and current interest rates, visit the Department of Education website.


Direct Unsubsidized Loan

Direct Grad Plus Loan

Each academic year


Up to total Cost of attendance

Interest rate






Aggregate Limit


Up to cost of attendance

Origination Fee




Nurse Faculty Loan

The Nurse Faculty Loan program is HRSA-funded loan forgiveness program for Post-Master's Doctor of Nursing Practice students who are committed to become nurse faculty. The Nurse Faculty Loan program provides forgiveness of up to 85% of the loan for those who work as eligible nursing faculty or instructors for a period of time after graduation. 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 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 below the minimum credit hour requirement and not eligible for federal loan funding, private education loans may be an available option. Private loans are 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 may borrow a private student loan from a private lender of their choosing. Duke also offers a Lender List to assist students when applying for a private loan.

Scroll back to top automatically