Loan Options
Changes to the Federal Loan Program
Recently changes were made to the Federal Loan program which elminated Subsidized loans for Graduate and Professional students and also did away with the upfront rebate on origination fees
Federal Direct Stafford Loan
The Federal Direct Stafford Loan is the most common student loan program for funding undergraduate and graduate education.
Federal Direct PLUS Loan
The Federal Direct PLUS Loan is a low-interest loan used to borrow additional funds up to the total cost of attendance, less other financial aid received. This loan is available to graduate and professional students, and parents of dependent undergraduate students.
Federal Perkins Loan
The Federal Perkins Loan is a low-interest loan for students who demonstrate the greatest financial need.
Nurse Faculty Loan
The Nurse Faculty Loan Program was created to recruit students enrolled in advanced nursing education programs for teaching positions at nursing schools across the country. Funded by a grant through the Department of Health and Human Services, the Nurse Faculty Loan Program provides loan debt reduction benefits of up to 85% in exchange for fulfilling a four-year service requirement as an instructor in a school of nursing. To participate in the program, recipients must be enrolled at least half time as a degree-seeking student in a Duke School of Nursing Masters and DNP program, and must commit to serving as faculty at a school of nursing following graduation.
Private/Alternative Loans
Private education loans are designed to assist students who need additional funding to meet the gap between the cost of attendance and any financial aid. Private loans are not part of the federal education loan programs. Any student considering a private loan to help cover costs should speak with their financial aid counselor first.