We want to make your dream of becoming an ND a reality, and we'll work with you to explore every option to make it affordable for you.
ND students qualify for up to $40,500 for a three-quarter academic year. The interest rate is a fixed 6 percent guaranteed after July 1, 2017. The origination fee is 1.066 percent, effective October 1, 2017. Interest accrues while students are enrolled; however, students may choose to have the interest capitalize at the time of repayment or may choose to make interest only payments while in school. Direct Unsubsidized Loan aggregate limit may not exceed $224,000.
ND students may borrow Graduate PLUS loans to pay for their education; students may borrow up to the cost of attendance. Graduate PLUS loans have a fixed interest rate of 7 percent guaranteed after July 1, 2017. The origination fee is 4.264 percent, effective October 1, 2017. Graduate PLUS loans do not have annual or aggregate borrowing limits. Graduate PLUS loans require a credit check.
ND students may borrow private educational loans to pay for their education; students may borrow up to the cost of attendance. Private educational loans may have a fixed or variable interest rate, it is the student's responsibility to seek the lender of their choice and apply for the private educational loan. Private educational loans will require a credit check.
Federal Work Study is a federal program which enables students to work on campus with staff and faculty. SCNM offers job positions in various departments; we offer flexible hours and students have the opportunity to enhance interpersonal communication and time management skills.
Federal Work Study is awarded quarterly; the Financial Aid Office provides a list of job openings within the College and Medical Center. FWS is not paid back to the Department of Education; it helps decrease the overall student loan debt. Students interested in FWS must comply with all SCNM hiring process requirements and complete and submit the FAFSA every year to determine eligibility. International students do not qualify for FWS.