Loans are a type of financial aid that requires repayment after graduation and are offered after the students eligibility for grants, scholarships and Federal Work-Study (FW-S) is considered. Loans are offered annually to students who qualify, based on the student's FAFSA. The student's financial aid package may include need-based and/or non-need-based loans. The student may choose to decline or reduce the loan amount to better fit the student's financial need and limit debt accrual.

Federal Direct Loans: Subsidized & Unsubsidized

Students who borrow Direct Loans for the first time are required to complete a Master Promissory Note (MPN) and entrance loan counseling before the loan(s) will be disbursed. Direct Student Loan borrowers are required to complete Exit Loan Counseling when the student ceases to be enrolled at least half-time. The MPN, and entrance and exit counseling may be accessed through the U.S. Department of Education ( Students can also use the Loan Simulator to help make decisions about student loans.

Federal Direct Subsidized Loan

  • Available to undergraduate students with financial need.
  • The U.S. Department of Education pays the interest while student is in school at least half-time, during grace period, or period of deferment.

Federal Direct Unsubsidized Loan

  • Available to undergraduate and graduate students; there is no requirement to demonstrate financial need.
  • Student is responsible for paying the interest during all periods. 
  • If student chooses not to pay the interest while in school and during grace periods and deferment or forbearance periods, interest will accrue, be capitalized, and added to the principal amount of the loan.

Federal Direct PLUS Loans: Parent & Graduate

  • Available to graduate students and parents of dependent undergraduate students.
  • Borrower must not have adverse credit history. A credit check will be conducted.
  • The maximum PLUS loan amount the student can receive is the cost of attendance minus any other financial aid received.
  • Learn more about the application process

Federal Direct Parent PLUS Loan

Available to the biological or adoptive parent (or in some cases, stepparent) of a dependent undergraduate student enrolled at least half-time. Repayment typically begins after the loan is fully disbursed unless parent requests a deferment.

Federal Direct Grad PLUS Loan

Available to eligible graduate students enrolled at least half-time. Repayment begins six months after student graduates, leaves school, or drops below half-time, however, interest will accrue on the loan.

Health Professional Loans

Clarkson College participates in the following loan programs funded by the Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services.

Nursing Faculty Loan Program

Nurses enrolled in the Clarkson College Doctor in Health Care Education & Leadership (Ed.D.) program or the Master of Science in Nursing (MSN) Nursing Education program option are eligible to participate in the Nurse Faculty Loan Program (NFLP). The program aims to increase the number of trained nurses entering the workforce by offering loan forgiveness to students pursuing an education to become nursing faculty.

Recipients are required to teach at least four consecutive years following graduation to meet loan forgiveness eligibility requirements. Upon completion of each teaching year, a percentage of the student’s loans will be forgiven with up to 85 percent forgiven, following the fourth year.

The NFLP loan covers the cost of tuition, fees and books while a student is enrolled part time or full time. Loans may not exceed $35,500 for an academic year and no more than 5 years of support. Funding is limited to one advanced degree.

Interest begins to accrue 3 months after the borrower graduates or ceases to be enrolled in an eligible program of study. The interest rate will be 3% per year for borrowers who graduate and fulfill their full-time 4-year teaching obligation. For borrowers who do not graduate, do not obtain full-time employment or do not complete the entire 4-year service agreement, interest will accrue at the prevailing market rate. This prevailing market rate is determined by the U.S. Treasury Department and has ranged from 9.75% to 10.75% in recent years.

Nursing Student Loan

The Nursing Student loan is offered to undergraduate nursing students with financial need who are enrolled at least half-time.The maximum annual loan amount is $4,800, except during the last two years of the program the annual limit is $7,500. The aggregate limit is $24,000. Repayment begins 9 months after the student ceases to be enrolled at least half-time. The interest rate is fixed at 5.0% and begins to accrue after the grace period.

Student Financial Services

Hours of Operation
Monday-Friday from 8 a.m. to 4:30 p.m. CST

Student Financial Services Office
101 South 42nd Street
Omaha, NE 68131-2739
FX 402.552.6165
Financial Aid:
Email PH 402.552.2749
Student Accounts:
Email PH 402.552.6188

Admissions Office