Gonzaga University's Federal Nursing Student Loans are for students actively seeking undergraduate or graduate degrees in nursing. This loan program carries a 5% fixed interest rate. Repayment of principal, together with accrued interest, is made over a ten year period. Payments begin immediately following a nine-month grace period. The grace period follows completion or termination as a full-time or a half-time nursing student. Repayment of principal is not required, and interest does not accrue during the grace period . In no case can a Federal Nursing Loan repayment period exceed 10 years, even if granted a forbearance or renegotiated payment.

The borrower may, without penalty, prepay all or any part of the principal and accrued interest at any time. If an accelerated payment is made, that prepayment must first be applied to any accrued interest and late penalties, and then to the principal balance.

You are required to inform the school of any change of name or address after ceasing to be a student at the school.


You may request to defer the repayment of your loan, which is an interruption of the repayment period. If you resume full-time or half-time studies at a nursing school during the grace period, the interrupted grace period is treated as if it did not begin. You must notify Gonzaga of continued student status by completing a deferment form and sending it to our office every term you are enrolled.

During a deferment period on your Nursing Student Loan, interest does not accrue and no payments are required. In addition to being responsible for requesting deferments and submitting the necessary documentation, the borrower must contact Gonzaga when enrollment is completed or terminated.

How to Apply For a Nursing Student Loan Deferment: To apply for a deferment you must complete a Certification of Deferment Status Form. Send the form to Gonzaga University for processing. We will process your request promptly and send notification explaining how the application has changed your obligation.

Mail forms to:

Gonzaga University
Office of Financial Aid
502 E Boone
Spokane, WA 99258-0072

Deferment Types

  • Active duty as a member of a uniformed service (Army, Navy, Marine Corps, Air Force, Coast Guard, the National Oceanic and Atmospheric Administration Corps, or the U S Public Health Service Commissioned Corps) are eligible for deferment for up to three years.
  • NSL borrowers who have entered repayment may receive additional deferments for up to ten years for full-time or half-time enrollment in a collegiate nursing school. The program must lead to a baccalaureate or a graduate degree in nursing.
  • You may be eligible for an additional ten-year deferment if you pursue advanced training in nursing or training to become a nurse anesthetist. Advanced training is training beyond your first diploma or degree in nursing.


Due to extraordinary circumstance the borrower may apply for forbearance. This has the effect of temporarily suspending payment of principal, however, interest continues to accrue. Extraordinary circumstances include unemployment, poor health or other personal problems that have a short-term impact on the borrower's ability to make payments. Periods of forbearance must be counted as part of the borrower's ten-year repayment period.

Nursing Student loans may be canceled due to death or permanent and total disability of the borrower.

Payment Options

See payment options.