Low-interest federal student loans, made by Southern Adventist University, available to undergraduate students, who are pursuing a course of study leading to a BS Nursing degree. Students may borrow up to $4,800 per year. The amount can be increased to $7,500 per year if in final 2 years of BS degree. A borrower must repay this loan. Funds are dependent on student's financial need and the availability of funds. Students must sign a promissory note and complete entrance counseling online each academic year before the loan is released onto their student account. Interest rates for Nursing Student Loans is five percent. Repayment of loans begins nine months after student graduates, leaves school, drops below half-time enrollment or is no longer pursuing a BS Nursing degree.