footnote 1. Explore federal loans and compare to make sure you understand the terms and features. Graduate School Loans for Health Professions that have variable rates can go up over the life of the loan. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide. Federal loans generally have origination fees, but are available to students regardless of income.
footnote 2. This information was gathered on 04/14/23 from https://www.forevernursing.org/graduate-scholarships-promise-of-nursing-regional-faculty-fellowship.html.
footnote 3. This information was gathered on 04/14/23 from http://www.aphafoundation.org/programs.
footnote 4. This information was gathered on 04/14/23 from http://www.aspph.org/study/financing-your-degree/.
footnote 5. This information was gathered on 04/14/23 from http://www.aupha.org/resourcecenter/currentstudents/scholarships.
footnote 6. This information was gathered on 04/14/23 from https://nhsc.hrsa.gov/scholarships/.
footnote 7. This information was gathered on 04/14/23 from https://bhw.hrsa.gov/funding/apply-loan-repayment/nurse-corps.
footnote 8. This information was gathered on 04/14/23 from https://www.goarmy.com/amedd/education/hpsp.html; https://www.navy.com/what-to-expect/education-opportunities/graduate-professional-degree-opportunities; http://www.airforcemedicine.af.mil/.
footnote 9. This information was gathered on 04/14/23 from https://studentaid.gov/manage-loans/forgiveness-cancellation.
footnote 10. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment.
footnote 11. Savings comparison assumes a 2 year in school period, $10,000 loan with the most common fixed rate as of November 2018.
footnote Sallie Mae does not provide, and these materials are not meant to convey, financial, tax, or legal advice. Consult your own financial advisor, tax advisor, or attorney about your specific circumstances.
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footnote FAFSA is a registered service mark of U.S. Department of Education, Federal Student Aid.