University loans
The Βι¶ΉΣ³» has three types of institutional loans available to students: The Garvey-Rhodes Loan (GRLN), the Blundell Undergraduate Loan (BLUN) and the Federal Nursing Student Loan. Learn more about these loan programs below.
Garvey-Rhodes and Blundell Undergraduate Loans
Garvey-Rhodes (GRLN) and Blundell Undergraduate (BLUN) are need-based loans for undergraduates funded from institutional endowments. Both offer low interest (5%), long-term loans. There are no processing fees. You must be and remain full-time during the award year. Interest does not accrue and there is no repayment while you remain enrolled at least half-time. Repayment begins six months after graduation, withdrawal, or enrollment less than half-time. Repayment is not deferred if you enroll at another college.
The Cashier’s Office and the Office of Financial Aid and Scholarships work together and will mail the appropriate paperwork for the institutional loan in July (for the upcoming Fall-Spring academic year). If the institutional loan is offered during the school year, the paperwork is held at the Cashier’s Office. To check if you are an eligible student, please contact the Office of Financial Aid and Scholarships.
Federal Nursing Student Loan
The Federal Nursing Student Loan (NSL) is a need-based, long-term, low interest (5%) federal loan specifically for students admitted into the Orvis School of Nursing. There are no processing fees. Interest does not accrue and there is no repayment while you remain enrolled at less than half-time. The standard repayment term is ten years.
The Cashier’s Office and the Office of Financial Aid and Scholarships work together and will mail the appropriate paperwork for the Federal Nursing Loan in July (for the upcoming Fall-Spring academic year). If the Federal Nursing Student Loan is offered during the school year, the paperwork is held at the Cashier’s Office. To check if you are an eligible student, please contact the Office of Financial Aid and Scholarships.