Several types of loans are available to qualified students in all four years of study. Gwynedd-Mercy College participates in both the Perkins Loan and Nursing Student Loan programs. Borrowers should note both deferment and cancellation provisions when negotiating the loans.
Loan amounts offered to students are contingent on adequate federal funding of the programs.
A loan is a serious responsibility and obligation. Students should exercise discretion when borrowing money for school. Transcripts will not be released for any student whose file reflects default on repayment of a student loan. The Perkins Loan is a federal aid program which provides loans to eligible students on the basis of exceptional need and academic proficiency. Repayment begins nine months after graduation or termination of studies and borrowers are allowed 10 years to repay the loan.