For instance, some scholarships are to be awarded to minority students only. Some have been designated to be awarded to top students in specific specialties. Interest will begin accumulating after graduation. Stafford Loans currently carry 7.6 percent interest, and payback begins six months after graduation. Unsubsidized Federal Stafford Loans are non-need based and are available for students who do not qualify for the subsidized Federal Stafford Loan or who qualify for only a partial subsidized Federal Stafford Loan amount.
Interest starts accumulating at the time the loan is fully disbursed.
The unsubsidized loan currently carries 7.6 percent interest, and payback begins six months after graduation. Federal Nursing Student Loans currently carry 5 percent interest, and payback begins nine months after graduation. The School of Nursing Financial Aid Office sends financial aid packets, usually during the first week of February each year, that include all forms necessary to apply for federal loans and scholarships. As part of the packet, private loan information is sent to the student at the same time federal loan information is sent. Contact the School of Nursing Financial Aid Office, Vanderbilt University, Godchaux Hall, Nashville, TN 37240-0008 for any forms needed.