So, you’re on your way to becoming a nurse (👏 yay!). But before you can don the scrubs and start clinicals, there’s the not-so-fun part: figuring out how to pay for nursing school.
Most of us can’t pay completely out of pocket, which means student loans for nurses are often part of the journey. But taking out loans without fully understanding what you’re signing up for? That can lead to major stress later.
Whether you’re a nursing student, new grad, or looking into an advanced degree, this guide will walk you through what you need to know about student loans in 2025, so you can make informed decisions and avoid any future regrets.
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Types of student loans for nurses
Before we get too deep into numbers, let’s break down the two main types of loans nursing students might use:
🏛️ Federal student loans
- Backed by the U.S. Department of Education
- Fixed interest rates
- Income-driven repayment options
- Eligible for forgiveness programs
- No credit check required for most
Federal loans are typically the safest and most flexible option for student borrowers. They’re also the best bet if you’re unsure of your financial future or might qualify for loan forgiveness later.
💡 Most nursing students start with federal loans (like Direct Subsidized or Unsubsidized Loans) before exploring private options.
🏦 Private student loans
- Offered by banks, credit unions, or online lenders
- Interest rates will vary (fixed or variable)
- Credit-based eligibility
- Limited borrower protections
- Not eligible for federal forgiveness programs
Private loans might help bridge the gap when federal loans and scholarships aren’t enough, but they come with more risk and fewer repayment options.
Federal student loans in 2025: What’s new?
For the 2025 academic year, here’s what we know:
- Interest rates are set each July for the upcoming school year. As of the time of writing this post, undergrad federal loans are around 6.5%, and graduate loans can go higher.
- FAFSA updates: The simplified FAFSA form introduced in recent years is still in play, and it’s your golden ticket to unlocking federal aid.
- Pell Grants are still available to qualifying low-income students. AKA free money you don’t have to repay!
✅ Always fill out the FAFSA, even if you think you won’t qualify for much. It’s the key to both federal loans and many nursing-specific scholarships.
Private loans: What to watch out for
If you’re considering private student loans for nursing school (which, let’s face it, most of us have to), here are a few things to keep in mind:
- Compare interest rates carefully. A “good” private loan interest rate in 2025 is anything around 6–7% fixed, depending on your credit and loan term. Our partner Juno released their 2025–2026 private student loan rates, and they’re some of the lowest available, starting at just 3.47%. You can learn more and see what your rate would be here.
- Watch out for variable rates. They might start low but can increase over time.
- Look for flexible repayment terms. Some lenders offer grace periods, interest-only options during school, or cosigner release programs.
💸 Want to find better private loan rates without shopping around? Check out Juno! They pool applicants together to negotiate lower interest rates from lenders. It’s free to join and can save you thousands. 👇
How much should you borrow?
Here’s a solid rule of thumb: Don’t borrow more than your expected first year’s salary.
So if you expect to earn around $70,000 in your first RN job, that’s your max borrowing target. Ideally, you want to come in under that number.
🎯 My best advice? Use scholarships and grants first, personal savings or family help second, federal loans next, and private loans only if necessary.
This approach helps keep your monthly payments manageable after graduation and prevents you from feeling buried in debt when you should be out there enjoying your new career!
Loan forgiveness and repayment options for nurses
The good news? As a nurse, you may be eligible for several loan forgiveness and repayment assistance programs, especially if you plan to work in public service or underserved areas.
🏥 Public Service Loan Forgiveness (PSLF)
- For nurses working full-time in nonprofits or government settings
- Requires 120 qualifying payments under an income-driven plan
- Remaining balance is forgiven, tax-free
💼 Nurse Corps Loan Repayment Program
- Pays up to 85% of your unpaid nursing education debt
- You must work for a qualifying facility or nursing school
🌍 State-specific programs
Many states offer loan repayment assistance to nurses who work in rural or high-need areas. It’s worth checking your state board of nursing or department of health to see what’s available.
Final thoughts: Take a smart approach to student loans
Student loans can feel overwhelming, but you can make confident, informed choices. Whether you’re borrowing for an ADN, BSN, or graduate nursing degree, understanding your options helps you protect your future.
When it comes to student loans for nurses, remember my golden rules:
- Always start with scholarships, grants, and savings
- Max out federal loans before considering private ones
- Only borrow what you truly need
- Don’t be afraid to ask questions and shop around
And remember, you’re investing in a career that changes lives (including your own)! Let’s make sure the financial side of that journey sets you up for long-term success.
🎓 Planning your nursing career? Start here:
- 📥 Grab our free Nursing School Planner Spreadsheet to organize deadlines, aid options, and more.
- 🔍 Compare private loan rates: Juno negotiates lower loan rates for students. It’s free to join, and you could save thousands.
- 🧭 Still exploring programs? Check out these accredited nursing program options below. It’s a great way to map out your options and compare schools before committing. 👇
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