While it is understood that students are not encouraged to borrow any more than is absolutely necessary to cover expenses, most students will avail themselves of loans to help finance their Hopkins education. Some loans are deferrable until completion of the nursing program. With these, no interest accrues and payments need not be made while the student is enrolled at least half-time. Interest does accrue on some loans while the student is still in school. The loan may not exceed the cost of education minus the amount of financial aid.
Interest begins to accumulate with the first disbursement of the loan.
Payments begin within 60 days of the final disbursement. Independent students who need to borrow beyond financial aid awarded through the School may find supplemental loan funds through other lending agencies. Consumer debt payments cannot be included in the student's cost of education. An adverse credit history, a history of bankruptcy, or a previous defaulted loan will likely prevent further borrowing. A list of lenders currently used by our students is available through the Office of Student Financial Services.