Health Professional Nursing Student Loans

Photo of Nurse in Hospital Room

Professional and Practical Nursing Student Loans provide financial aid to students pursuing careers as licensed practical nurses or professional nurses in underserved areas of Missouri.

The financial aid provided to nursing students consists of loans for undergraduate, graduate, post-graduate and doctoral training that may be forgiven in exchange for service in an underserved area.

Who is Eligible to Apply

To be eligible, the applicant must be a Missouri resident attending a Missouri institution. Missouri residents are those who lived in this state for more than one year for any purpose other than to attend an educational institution. Priority will be given to residents of underserved areas, minority persons and previous Professional and Practical Nursing Student Loan recipients.

Applicants must have been accepted by or currently attending a nursing program approved by the Missouri State Board of Nursing for participation in the program who in the previous year had at least an 80 percent pass rate. Previous nursing students must have at least a 2.5 GPA to qualify.  Students must be enrolled on a full-time basis. 

Beginning with the 2010-2011 school year, the Nurse Student Loan Program will begin accepting applications for doctoral level nursing students.

Maximum loan amounts

$2,500 for LPN students
$5,000 for professional nursing students (Diploma, ADN, BSN, MSN, APN, DNP)

Loans are repaid in two ways

Nursing Student Loan recipients can either earn forgiveness of their loans or repay them through cash repayment.  All funds received by nursing students accrue interest at the rate of 9.5 percent annually.

  1. Forgiveness:  The preferred method of repaying nursing students loans is through earning forgiveness.  Recipients repay their nursing student loans by working in rural or underserved areas of Missouri upon completion of training and licensure. Nurses can also earn forgiveness by working at any hospital or a Federally Qualified Health Clinic (FQHC) located in Missouri. To determine eligibility for forgiveness, participants must complete surveys on a periodic basis.

  2. The number of years a nurse student loan participant will need to work to repay a debt through forgiveness is determined by the number of loans they have received.  If a nurse student loan participant has received funding for less than five years, forgiveness will be on a year-for-year basis.

    If the participant received funding for five years or more, forgiveness will be earned at the rate of 20 percent per year.

  1. Cash Repayment:  Interest of 9.5 percent begins accruing from the date the payment is issued. Cash repayment periods are a maximum of 60 months.  Payments are due by the fifth working day of the month.  Payments not made in a timely manner are referred to collections.

Area of Need

An area of need is a geographic area or a population that is experiencing a shortage of primary health care providers or adequate access to primary health care providers. This includes those areas designated as Health Professional Shortage Areas.

Obtain an application