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Federal Nursing LoansThis is a loan that is offered through MHCC. It has a 5% interest rate and a nine-month grace period once you graduate from MHCC or stop attending at least six credits. To apply for the Nursing Loan you just complete the FAFSA (Free Application for Federal Student Aid). This loan is automatically included in your offer of financial aid if you have indicated on your FAFSA that you are interested in loans, you have the financial need, and if we have the funds available. You also must be officially accepted into the MHCC Nursing Program. Once you are offered this loan, you must complete Nursing Loan Entrance Counseling. This is a requirement you need to complete each year you want to take out a Federal Nursing Loan at MHCC, even if you borrowed a student loan in the past at MHCC or another school. You may cancel all or a portion of your loan if it has not been disbursed or mailed to you by contacting the Financial Aid Office. To view your total Nursing loan amounts you may visit ACS, the servicer of the MHCC Nursing loans. To see your total loan history (Stafford and Perkins), you may visit NSLDS. Once you have either graduated from MHCC or are no longer attending MHCC for at least six credits, you must complete a Nursing Loan Exit Interview. |
