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Loans - Graduate and Doctoral Students

Southern Connecticut State University (SCSU) participates in the William D. Ford Federal Direct Loan (FDL) program.  To be considered for a federal student loan, a student must complete the Free Application for Federal Student Aid (FAFSA) for the appropriate academic year and meet eligibility requirements.  Refer to  How to Apply for Financial Aid for additional eligibility requirements.

Direct Unsubsidized Loans

  • The interest rate for 2018-19 is 6.6% for graduate and professional students.
  • The interest rate for 2019-2020 is 6.08% for graduate and professional students.
  • The government charges an origination fee of 1.062% (effective 10/1/18).  
  • This loan accrues interest and the student is responsible for paying the interest during all periods.
  • Students must be matriculated and enrolled at least half-time (minimum of 4.5 credits per semester).

Direct Graduate PLUS Loans

  • Credit approval is required.  Please refer to How to Apply for a Direct Plus Loan for application instructions.
  • The interest rate for 2018-19 is 7.6%.
  • The interest rate for 2019-20 is 7.08%.
  • The government charges an origination fee of 4.248% (effective 10/1/18).

Nurse Faculty Loan Program (NFLP)

The purpose of the NFLP is to increase the number of qualified nursing faculty. The program offers partial loan forgiveness for borrowers that graduate and serve as full-time nursing faculty for the prescribed period of time.

Students need to complete the Free Application for Federal Student Aid (FAFSA) and meet the following criteria to receive the NFLP loan:

  • Must be a U.S. citizen or national of the U.S., or a lawful permanent resident of the U.S. and its territories.
  • Must be enrolled as a full-time or part-time doctoral program that offers an education component to prepare qualified nurse faculty.
  • Must maintain enrollment for a minimum of two consecutive terms/semesters during an academic year.
  • Must maintain satisfactory academic progress (SAP).
  • Must not be in default on any federal loans.

The NFLP loan can help with the cost of tuition, fees, books and laboratory expenses.  The NFLP loan cannot be used for room, board, personal, transportation and living expenses.

There is a limited amount of NFLP available.  The NFLP is a non-need based loan program.  The loan cannot exceed $35,500 per academic year, and not to exceed 5 years of support. 

The grace period for NFLP loan repayment is 9 months and begins immediately after the individual ceases to pursue a course of study at the school of nursing. The interest rate of 3 percent begins 3-months after the borrower graduates from the program.  The borrower will be given up to 10 years to repay the loan.

NFLP borrowers who fail to establish employment as a full-time nurse faculty at a school of nursing must begin repayment of the NFLP loan following the 9-month grace period at the prevailing market interest rate.  The current interest rate is 10.5%.

The borrower must serve as full-time nurse faculty for a consecutive four-year period at an accredited school of nursing following graduation from the program to cancel the maximum amount of the loan.

The borrower may cancel:

  • 20 percent of the principal and the interest on the amount of unpaid loan balance upon completion of each of the first, second, and third year of full-time employment; and
  • 25 percent of the principal and the interest on the amount of the unpaid loan balance upon completion of the fourth year of full-time employment.

Students who are interested in the NFLP loans must complete the following:

  • Sign the award letter accepting the NFLP loan,
  • Attend an entrance counseling session,
  • Complete and sign the NFLP Loan Application,
  • Sign the borrower's rights and responsibilities statement,
  • Sign the NFLP Promissory Note,
  • Sign the NFLP Loan Disclosure
  • Sign the self-certification forms.

Sixth Year Professional Diplomas and Certificate Program That Do Not Meet Financial Aid Eligibility Requirements

The following sixth year professional diplomas and certificate programs are not eligible for federal financial aid. Therefore, students enrolled in one of the programs listed below cannot receive financial aid.  

  • Women's Studies – Certificate Program
  • Master of Business Administration Degree jointly conferred by SCSU and Liverpool John Moores University
  • Master of Science Degree jointly conferred by SCSU and Liverpool John Moores University

Entrance Counseling

First time borrowers of a federal student loan are required to complete entrance counseling.

Exit Counseling

Federal regulations require that students who have received a Federal Perkins Loan and/or Direct Loan (Subsidized & Unsubsidized) must complete an exit counseling session upon withdrawing, graduating or registering for less than half-time.

Direct Loan (Subsidized and Unsubsidized)

Please follow the instructions below to complete the exit counseling session for a Federal Stafford and/or Direct Loan:

  1. Go to
  2. Click on "Log In".
  3. Enter your FSA ID Username and Password.
  4. Click on "Complete Counseling".
  5. Click on Exit Counseling start button.
  6. Select the School State: Connecticut.
  7. Select the School Name: Southern Connecticut State University.
  8. Click on "Add School".
  9. Click on "Continue".
  10. Complete the entire counseling session (upon completion you will receive a confirmation number).

SCSU will be notified by of all students who completed the required exit counseling.