Aid for Accelerated Nursing Students

Aid for Accelerated Nursing Students

Below, a short outline describes important information about financial aid specifically related to loan assistance and items to pay close attention to when accepting aid.

Step 1. Financial Aid in NEST

  • Check for missing documents
  • Accept aid offer, complete master promissory note and loan entrance counseling for the Federal Direct Subsidized/Unsubsidized loan program at studentloans.gov. Complete master promissory note for the Federal Nursing Loan at www.ecsi.net/promi2
  • Complete a private/alternative loan application (see steps below)
  • Track loan debt while attending Creighton University
  • Update mailing address
  • Agree the Financial Responsibilities Statement in NEST (required prior to registration)
  • View student account information
  • Create authorized user(s) in NEST
  • Sign up for electronic refunds

Step 2. Financial Aid Disbursements

  • August 14, 2019
  • January 8, 2020

Step 3. Refund (if you are receiving funds in excess of tuition and fees)

  • Generally available within 2 business days of disbursement
  • Must sign up for direct deposit to receive the refund by providing bank account information in NEST

Step 4. Student Loans

For Direct Loans with a first disbursement after July 1, 2019, the interest rate is fixed at 4.53% for the Federal Direct Subsidized/Unsubsidized loans. A 1.062% loan origination fee will be withheld from each disbursement. Interest accrues while you are enrolled in school for the Unsubsidized Loan. Both loans have a six month grace period upon graduation before repayment begins.

The Federal Nursing Loan has a fixed interest rate of 5% with no loan origination fees. The Federal Nursing Loan does not accrue interest while in school nor during the nine month grace period before repayment begins.

Students applying for Private/Alternative loans will need to select a lender and complete their loan application. Information and links to these Private/Alternatives loan lenders can be found here.

Step 5. 2020-21 Financial Aid

  • Must complete a 2020-21 FAFSA after Oct. 1, 2019, to receive aid for summer 2020 at fafsa.gov
  • Aid will be disbursed when a student begins half-time enrollment each term
  • Students will need to complete a private/alternative loan application for summer after March 1, 2020

Feel free to contact us during business hours at 402.280.2731 or 800.282.5835. You can also email Robert Herman, Associate Director of Financial Aid -Undergraduate Students at robertherman@creighton.edu.