Nursing Student Loan

The United States Department of Health and Human Services administers the Nursing Student Loan (NSL) Program. The NSL Program provides long-term, low interest loans to both full- and half-time students pursuing a degree in nursing. The student must show financial need in order to qualify. Each school participating in the NSL Program is responsible for selecting the loan recipients.

Application Process

Since funds are limited, in order to be considered for the Nursing Loan, you must apply for financial aid at Kettering College by the priority deadline of March 31, be enrolled in the nursing program, and demonstrate financial need. Students demonstrating the highest financial need will be considered first. For more information regarding this process, refer to How to Apply.

Students will be notified if they are eligible by email during the fall semester. In general, Kettering College makes Nursing Loans that average $2,000 per school year, to be disbursed in two equal payments, i.e. $1000 per semester for two semesters.

Repayment Terms

The Nursing Student Loan interest rate is currently 5%. No interest accumulates while you are enrolled at least half-time or during the nine-month grace period. Repayment of principal and interest begins nine months after you graduate, withdraw, or drop below half-time enrollment. Borrowers may be allowed up to ten years for repayment of this loan.

If you ARE a recipient of the loan, you will be notified by e-mail during fall semester. You will be directed to complete the following if considered:

Master Promissory Note/Entrance Counseling

  • Log on to Heartland-ECSI's website at

  • Confirm your identity.

  • Completely read the Promissory Note. Once you have read it, you must electronically sign it at the bottom of the page. The electronic signature includes a check-off box plus your full legal name.

  • If you received a Nursing Student Loan while a student at Kettering College, then you are required to complete exit counseling BEFORE you leave school or graduate. Read below on how to do exit counseling.

Exit Counseling

Exit interview counseling is designed to prepare you for the repayment of your student loan(s), provide you with detailed information regarding deferment and/or cancellation privileges, and to assist you with personal financial management. Failure to complete the exit counseling will result in a HOLD being placed on your grades, diploma, transcripts, etc.

You are required to complete this if one of the following happens:

  • you have applied to graduate at the end of the current semester - OR -

  • you have withdrawn for the current semester - OR -

  • you are not at least half-time for the current semester.

To complete your online exit interview, please access Heartland-ECSI's web site at

  • Click on "manage your Student Loan Account"
  • School code: 2U
  • Account number: Social Security Number
  • PIN Number: Number assigned to borrower by Heartland-ECSI
  • Click the "Login" option to begin the process

If you have any trouble completing your online exit interview, please contact Heartland-ECSI at 1-888-549-3274.

updated 2/15/12